Bill Text: CT SB00639 | 2017 | General Assembly | Introduced

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Bill Title: An Act Concerning The Municipal Employee Retirement System.

Sponsorship: Partisan Bill (Republican 1)

Status: (Introduced - Dead) 2017-01-25 - Referred to Joint Committee on Labor and Public Employees [SB00639 Detail]

Download: Connecticut-2017-SB00639-Introduced.html

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General Assembly		Proposed Bill No. 639
January Session, 2017		LCO No. 2105
		*02105*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
SEN. FASANO, 34th Dist.

AN ACT CONCERNING THE MUNICIPAL EMPLOYEE RETIREMENT SYSTEM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That title 7 of the general statutes be amended to (1) exclude overtime from retirement benefit calculations, (2) increase the retirement age to sixty-two, (3) limit cost-of-living increases to between zero and four per cent, (4) increase employee contributions, and (5) create a tier consistent with state employee retirement system tier III for new eligible employees.

Statement of Purpose:

To implement pension reform under the municipal employee retirement system.