OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http://www.cga.ct.gov/ofa

sHB-7253

AN ACT CONCERNING MINOR REVISIONS AND ADDITIONS TO THE EDUCATION STATUTES.

As Amended by House "A" (LCO 8222)

House Calendar No.: 367

Senate Calendar No.: 590


OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 18 $

FY 19 $

Teachers' Retirement Bd.

GF - Cost

See Below

See Below

Note: GF=General Fund

Municipal Impact:

Municipalities

Effect

FY 18 $

FY 19 $

Local and Regional School Districts

Savings

See Below

See Below

Local and Regional School Districts

Potential Cost

See Below

See Below

Explanation

The bill deletes language that requires reemployed retired teachers to be eligible for the same health insurance benefits paid to active teachers. This will allow a reemployed retiree to maintain their Teachers' Retirement Board (TRB) health insurance benefit, resulting in potential costs to the TRB health accounts and a potential saving to the local and regional school districts. Statewide, less than 1% of Teachers' Retirement System retirees are rehired each year for varying periods of time.

The bill also allows a local or regional board of education to establish a Pipeline for Connecticut's Future program to partner with local businesses to offer on-site training. This could result in a potential cost to local and regional school districts. However, it is anticipated that districts would only choose to enter into partnerships if they did not result in additional costs.

Additionally, the bill makes various other procedural, technical and conforming changes that are not anticipated to result in a fiscal impact.

House “A” adds the language regarding reemployed retired teachers' health insurance coverage whose fiscal impact is described above and makes additional technical changes.

The Out Years

The annualized ongoing fiscal impact identified above would continue into the future subject to inflation.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of informational sources, including the analyst's professional knowledge. Whenever applicable, agency data is consulted as part of the analysis, however final products do not necessarily reflect an assessment from any specific department.