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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) For the purposes of this section, “member”, “retirement system”, and “state employee” have the same meanings as provided in section 5-154.
(b)(1) Notwithstanding any provision of the general statutes, each state employee first hired by the state on or after July 1, 2016, who is a member of the state employees retirement system and whose state employment is not subject to the terms of a collective bargaining agreement, shall not be entitled to receive any retirement income in excess of one hundred twenty-five thousand dollars per year during the period for which such member receives retirement income, regardless of the years of vesting service or other requirements of such member's retirement plan such member has completed at the time of retirement.
(2) If such member's retirement income is calculated to be more than one hundred twenty-five thousand dollars per year at the time of the member's retirement, or if such member's retirement income after any cost-of-living adjustment becomes more than one hundred twenty-five thousand dollars per year, the amount of such member's retirement income shall be reduced to one hundred twenty-five thousand dollars per year, and such member shall not be entitled to any further cost-of-living adjustment.
Cite this article: FindLaw.com - Connecticut General Statutes Title 5. State Employees § 5-156h. Limitation on amount of retirement income for certain members not subject to terms of collective bargaining agreement - last updated January 01, 2025 | https://codes.findlaw.com/ct/title-5-state-employees/ct-gen-st-sect-5-156h/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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