OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

HB-5312

AN ACT CREATING A PROCESS FOR FAMILY CHILD CARE PROVIDERS AND PERSONAL CARE ATTENDANTS TO COLLECTIVELY BARGAIN WITH THE STATE.

AMENDMENT

LCO No.: 4506

File Copy No.: 586

House Calendar No.: 186

Senate Calendar No.: 417

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 13 $

FY 14 $

Various State Agencies

All Funds - Savings

Indeterminate

Indeterminate

Municipal Impact: None

Explanation

The amendment redefines salary for the purpose of calculating retirement benefits to exclude any other wage payments such as overtime, longevity, fees or other payments as of FY 13 for non-union state employees and as of FY 23 for union state employees. In addition, as of FY 23 the amendment prohibits negotiation over the definition of “salary” for the same purpose. Savings would be achieved by respective pension systems by excluding these wage payments from pension calculations. Additional state savings would accrue to the extent that annual cost of living increases would be based on a lower base pension benefit. Lastly, this would result in a lower annual required contribution; however the extent of the actual annual savings to the pension system cannot be determined at this time as it would require actuarial analysis.

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.