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Changes to the state pension system proposed by local lawmaker

Four bills introduced by Wilton Senator Toni Boucher were part of a public hearing on Friday. One would eliminate longevity payments and overtime compensation from state employee retirement income calculations.  She says this will help achieve long-term savings by lowering state pension obligations.

 

Another bill would increase contributions by state employees to the retirement system. Boucher says this will reduce the unfunded pension liability of the state.

 

The third bill increases co-pays under the state employee health care plan in order to provide tax relief to Connecticut residents. She says this would be achieved by decreasing the cost of state employee health insurance coverage.

 

The fourth bill introduced by Boucher that was considered Friday concerns retirement and health care benefits for certain state employees. She says the proposal would create state budget savings by placing non-union state employees in health and retirement plans that are similar to those in the private sector.