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SB 136 - Increases the Retirement Contribution Rate for State Employees from 3 to 5% - Connecticut Key Vote

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Title: Increases the Retirement Contribution Rate for State Employees from 3 to 5%

Vote Smart's Synopsis:

Vote to pass a bill that increases the contribution rate from 3 to 5% and reduces the number of days an employee has to work to qualify for the program from 120 to 30 in Connecticut.

Highlights:

  • Amends the Connecticut Retirement Savings Program by raising the contribution rate from 3-5% (Sec. 1-10).

  • Reduces the number of days an employee has to work to qualify for the program from 120 to 30 (Sec. 1-10).

  • Amends previous retirement policies to add personal care assistants to the group of employees covered by the retirement program (Sec. 1-10).

  • Specifies that the provisions of this bill shall become effective immediately upon passage and approval by the governor (Sec. 10).

Full Bill Text

Title: Increases the Retirement Contribution Rate for State Employees from 3 to 5%

Committee Sponsors

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