Rob Baril, the president of SEIU 1199, in July 2021 arguing that state employees deserve raises. CONNECTICUT University of Connecticut men's basketball head coach Dan Hurley topped the list of highest-compensated state employees in 2021 with $3.6 million in total compensation. It includes continuing the 25-cent cut in the gas tax, a cut in the sales tax, rolling back the trucker tax, and putting in place a $200 property tax cut for all homeowners. Many ancient pipes in CT aren't up to the task of draining storm water, yet officials just seem to shrug. Thn 5, x hong tn,th x qung yn, tnh qung ninh. The agreements are retroactive to the start of this fiscal year, which began July 1, 2021. Ned Lamont asking union employees to forgo the raise amid record high unemployment and a. The Connecticut State Legislature will begin its 2023 session on January 4thand will adjourn on June 7th. It also created a hybrid 401k-style/pension plan for new state employees that is far less generous than the plan for current employees at the time. For the average pensioner, receiving $39,887 per year, the COLA increase would amount to an annual increase of $1,435.92. Gov. Labor agreed to a 2.5% cost of living increase only because lump sum bonuses were offered, he said. However, those who retire after the July 1st cutoff could be negatively impacted as they could experience cost of living adjustments below 2%. The study also found that Connecticut state employees are compensated 33 percent more than a similar private sector employee when pension, healthcare and other fringe benefits are taken into account. Tennessee Code Annotated, 8-36-801 dictates the COLA award. Despite Lamonts claims to the contrary, it is highly likely that he will award state employees significant future wage increases as well as a generous modification of cost-of-living adjustments to their pensions after their retirement. A multi-year labor agreement recently ratified by 43,000 unionized Connecticut state employees faced a key vote . Virtually everyone in the state knows the situation and feels it is unfair. The raises will cost the state $13.3 million and the bonuses $2 million. The announcement Thursday from the governors office of the 7.5% raises comes as union workers ramp up their fight for wage increases in their new contracts, which they are currently negotiating with the state. This is a carousel. The state has a windfall of $1 billion from recent sales tax collections due to inflation, boosting the surplus to nearly $4 billion. If you dont have enough money coming in, it may be beneficial for you to forgo the cost-of-living adjustment and retire after July 1, 2022. The state felt that the 2.5% was an amount that was affordable and was less than what likely would have been granted at arbitration, Beckham said. The Office of the State Comptroller reports that state government found a way to spend $47.11 billion in 2022 and, if trends continue, we can expect that number to grow even more going forward. It came with a wage freeze from 2016 to 2019 and layoff protection from 2019 to 2021. Union representatives said that state employees have taken six years of wage freezes over several deals and have taken other financial hits including high prescription drug co-pays. New York government officials confirmed on Thursday that Gov. How Are My Health Insurance Premiums Changing? The deal works out to about $40,000 in raises per state employee over four years, Fazio said, which works out to about $1,300 per Connecticut household. There was an agreement made in 2017 with the State Employees Bargaining Agent Coalition (SEBAC) that included many changes to state employee retirement benefits. and 75% of the increase above 6%, with a minimum COLA of 2%, and a maximum of 7.5%. Ideal timing for the announcement would be between Christmas and the New Year. Most state employees would get a $4,500 raise in the first year of the budget. The Medicare Income Related Monthly Adjustment Amount (IRMAA) is an additional premium that must be paid if you make over a certain amount in retirement. Concerns over energy prices, inflation, and general cost of living continue to dominate the headlines and the threat of a recession hovers over economic forecasts. Those who fall under the Tier 2 or 2a plans must be either age 60 with 25 years of service or 62 with 10 years of services to be eligible for normal retirement. FY 2022 Financial Results At or Above High End of Guidance with Practice Collections Growth of 49.1% compared to FY 2021; New Market Entries announced in Connecticut, Delaware, No Your email address will not be published. If you plan to retire prior to turning 65 then doing it before the July cutoff will allow you to lock into the lower premiums. Read More 2023 The Conneticut News Project. The House Finance Committee changed that to be a $10,000 raise for all troopers. will there be snow in february 2022; advantages and disadvantages of coreldraw; wayne fontana funeral; best portable socket organizer; panchang tomorrow 2021; is philips a fortune 100 company. CONNECTICUT Thousands of state employees received a scheduled raise Wednesday despite Gov. Were losing some of our best and brightest as they seek other parts of the country where its easier to make a living. The Executive Branch workforce, already down 10% over the past decade, is shrinking faster as retirements surge this spring. Any wage hikes and benefits would come on the heels of big wage increases in 2019 and 2020 under the old wage contract, which expired this past summer. "But this is also a unique situation where state employees did extraordinary work during a paradigm-altering pandemic, inflation has concurrently increased, and the state workforce could potentially undergo significant changes due to retirements and uncompetitive wages.". Connecticut Property Taxes In Every Town: Who Pays The Most? We have you covered, check out my Podcast 2 Upcoming Changes for CT State Employees Pensions #50 on my Website, Spotify, or Apple Music! Immigrants. But Shirley Watson, a unionized clinical social worker for the past eight years at the MacDougall-Walker Correctional Institute in Suffield, noted the relative affluence of many who oppose the raises. Without an adjustment, inflation would lower the utility of the payment and you would not be able to buy as much as before. You can listen to my podcast Avoid Overpaying for Medicare in 2021 and Beyond to get a more detailed explanation of IRMAA and strategies to potentially avoid it. According to the Office of Legislative Research in their analysis of a potential retirement wave, COLAs for new retirees will match the CPI-W during years it is 2 percent or less. While we wait to see the thousands of individual and committee bills that while dominate the myriad policy debates this year, Yankee Institute is hard at work promoting free-market solutions to the problems we face from Stamford to Putnam and Mystic to Salisbury. Ron DeSantis has been a staunch advocate for police officers and has pushed for bonuses for that group. The changes will only affect those who retire after July of 2022, but according to the OLR report, historically such changes have resulted in a larger number of employees retiring before the cut-off date. If eligible, your pension benefit will continue to grow, and youll have more money to put into one of the state benefits plans such as the 403b or 457 plans. According to state employee union documents, Lamont is proposing to award all unionized state employees three annual base salary increases of 2.5% and, for about two-thirds of employees, annual "step increases" of 2.0%. Wednesdays Warrior: AJJ Foundation offers music, CT Transit bus driver injured in Rt. Lamont a couple of weeks ago said he would prefer a general pay raise be postponed and that state employees on the front lines of the pandemic should receive hazard pay. Cooper also recommends spending $860 million for pay incentives and raises for the state employees. The Democrat-controlled Appropriations Committee approved the contracts in two votes, both largely along party lines, with almost no debate. If you are married, then you can choose between the joint payment options that would either leave your spouse 100% or 50% survivor benefit, or an alternative would be a period certain option. Prior to joining CT Mirror Keith was State Capitol bureau chief for The Journal Inquirer of Manchester, a reporter for the Day of New London, and a former contributing writer to The New York Times. This proposed contract is a raw deal for the working people of this state, said Sen. Ryan Fazio, R-Greenwich, who noted state workers, on average, would receive more than $10,000 in total added compensation over four years. The Senate gave final approval Friday to a four-year package of raises for state employees that includes $3,500 in bonuses to help stem a surge in worker retirements. building a betterand more civilConnecticut to live, work, and play. Please reload the page and try again. The increases, part of a four-year package negotiated by Gov. Theyre in their lovely backgrounds. Gov. Money Wisdom: Should I Retire in Connecticut? The Consumer Price Index for Urban Wage Workers and Clerical Workers known as the CPI-W increased 6 percent between July of 2020 and July of 2021, according the Bureau of Labor Statistics, with the price of nearly everything increasing substantially in recent months. Its also imperative that we do so. This would save you 1.5% for hazardous duty retirees and 2% for non-hazardous waste retirees. Photos: Iconic Landmarks To Visit Across CT. Behind him to the left is Sal Luciano, president of the state AFL-CIO. Retirees would get 2% more in pension benefits each year and a 2% cost-of-living adjustment. Marc has a Master of Fine Arts degree from Western Connecticut State University. A taxicab conveys passengers between locations of their choice. Fazio cited a study by the American Enterprise Institute, which found that Connecticut state employees on average are paid 5.6 percent less in salary than a private sector employee with similar qualifications. Ned Lamont speaks at a news conference at Connecticuts Beardsley Zoo, in Bridgeport, Conn. March 29, 2021. State and union officials are expected to meet again in the fourth year to negotiate wages. As introduced before the House Appropriations Committee Wednesday, the 2022-23 State Employee Pay Plan would keep base salary wages for most state employees stagnant through fiscal year 2022, which runs from July 2021 to June 2022, and then provide a 55-cent-per-hour raise in fiscal year 2023. 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