SEBAC Update on Pandemic Pay - 10/31/2022. But the Democratic governor also confirmed that workers could accept $2,500 of the $3,500 in bonuses offered under a tentative contract deal and still retire before more stringent pension benefits take effect on July 1. They could be eligible for annual salary increases worth between $4,100 and nearly $11,000. The agreement would cost the state nearly $1.9 billion over four fiscal years, according to nonpartisan fiscal analysts. Connecticut has a record-setting $3.1 billion in its rainy day fund and is on pace to wrap this fiscal year with an equally unprecedented $2.7 billion surplus. The percentage each employee must pay is the lesser of 25% of their monthly pension or a value based on a combination of the employees years of service and his or her age at the time of retirement. Here's how much you will pay for your maintenance and non-maintenance prescriptions: The copays for medications used to treat chronic conditions continue to be: SERS members who reach Normal Retirement Age before July 1, 2022; and members who grandfathered, by purchasing the right to retire under the current Normal Retirement Age rules. It seems that JavaScript is not working in your browser. Keynesian economics (/ k e n z i n / KAYN-zee-n; sometimes Keynesianism, named after British economist John Maynard Keynes) are the various macroeconomic theories and models of how aggregate demand (total spending in the economy) strongly influences economic output and inflation. An arbitrator had already awarded some unions a 3% general wage hike for 2021-22 before Lamont and labor negotiators settled on a smaller cost-of-living bump and bonuses. sebac_website_graphics_8.png. For more information on HEP, contact Care Management Solutions (CMSI) at 1-877-687-1448 or visit www.cthep.com. Salary Increase Cost of Living Adjustment (COLA) for Certain Non Represented Employees E Item 2664. The hourly base pay of a Step 1 GS-11 employee is $26.72 per hour1 . If fewer than 15 years of service, use 15. There is no charge for enrollment in the MAPD. We are pleased to share that the only change made for 2022 is a slight increase to dental rates. The federal government increased the salaries for general schedule employees by 2.2 percent in 2022. 2023 HR Calendar. The bonuses, the GOP argued, are hardly the key to retaining workers, as Lamont has claimed. The agreement would. The second rule states that a member does not become eligible to receive a COLA until at least nine months have elapsed after the members retirement date. Under current premium rates, these percentages mean that employees must pay between $0 to $101.14 per month for retiree health insurance. Thats when more stringent limits on state retirement benefits, negotiated as part of a 2017 concessions deal with unions, take effect. Effective July 1, 2022, retirees will continue to be reimbursed fully for the standard premium for Part B. The state of Connecticut is in the best financial condition that I can recall, being up here 10 years, said Rep. Michael DAgostino, D-Hamden, who led the debate in favor of the raises. The cost of the current agreement to the state is $1.87 billion but that figure will likely rise as it assumes zero raises in the fourth year. They also cover the next two fiscal years and potentially 2024-25 as well. The 2022 Changes with respect to the reimbursement of Medicare premiums will affect only certain high-income retirees. Because the Normal Retirement Age for Tiers II and IIA will change as of the Effective Date, members of those Tiers who retire on or after August 1, 2022, and who wish to avoid the pension reduction associated with Early Retirement, will have to wait longer before they retire. In addition, full-time workers would receive a $2,500 bonus in mid-May and another $1,000 bonus in mid-July. Cole scored 25 points to help No. This news story is funded in large part by Connecticut Publics Members Under a Normal Retirement, the monthly pension payable to a SERS member is calculated under a formula that this document will call the , Under an Early Retirement, the members pension is calculated by (i) applying the Normal Retirement Formula, and then (ii). It is different from the federal program w Therefore, every member who retires after the Effective Date will be eligible to receive his or her first COLA after exactly thirty months of retirement.3. He pointed out that under the 2017 deal, state employees gave up a number of concessions and accepted zero raises and zero step increases in six of the last 12 years given the state's financial state. The contracts allow workers to accept the $2,500 extra payment and still retire before July 1. It is important to note, however, that these deductions generally end when the employee and his or her spouse become eligible for Medicare. Each employee should also give consideration to how long he or she wants to continue working; how he or she wants to spend the next few years; where the employee wants to live; what other obligations he or she has; and whether he or she will have additional sources of income in retirement. A copy of that grid is attached to this memorandum as Appendix A. In addition, AFSCME Council 3 has secured a $1000 bonus to be paid upon ratification of the agreement in January 2022. Because those who retire on or after August 1, 2022, will be reimbursed for only 50% of their IRMAAs, any such enrollee who reported income over the 2022 threshold for the relevant tax year would not be reimbursed for payments ranging from $35.85 to $216.75 per month under current rates. the future benefits accruing to . . ** The Family Less Employed Spouse (FLES) rate is available only when both spouses are enrolled in active coverage, eligible for health insurance, and enrolled in the same plan with at least one child. The Democratic-controlled Senate voted 22-13 along party lines to approve the contracts, which cover about 46,000 workers the bulk of the state's workforce. Part-timers would be eligible for prorated bonuses. By Red Jahncke . "Thank you to my colleagues for finishing this in a timely manner," Sen. Lincoln Hough, R-Springfield, said in a statement. Get CT Mirror briefings with enterprise reporting, investigations and more in your inbox daily. Share your form with others Send ct form uc 1np via email, link, or fax. If youre going to get a bonus, youve got to stick around with us for a while, said Rep. Jay Case, R-Winsted. New employers pay 2.8% in 2023. These retirees currently contribute to the cost of their insurance (as well as coverage for enrolled dependents) at the following rates: from 0% to 1.5% for hazardous duty retirees and retirees with 25 or more years of service; from 1.5% to 3% for all others. you or a covered family member takes a maintenance medication, you can only receive one 30-day fill at a Ned Lamont on Wednesday proposes a wage freeze for state employees in 2022 and 2023, that would save the government an estimated $141.75 million a concession the state employee unions say they are not willing to make. font size. 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. Please reload the page and try again. Workers get a $2,500 bonus in mid-May, and another $1,000 in mid-July. The 35 labor contracts, which were ratified by the various unions last month, include 2.5% general wage increases and step increases retroactive to July 1, 2021. The agreement announced Friday also includes special lump sum payments of $2,500 for active employees whove been on the job since March 31 and $1,000 for those employed as of July 15, 2022. Its a way of saying job well done, he added. The Democrat-controlled House voted 96-52 to approve the contracts, after a four-hour debate during which Republicans insisted the compensation far outstrips what private-sector workers are receiving, or what taxpayers can afford. Retired employees must pay a portion of the premium for the health and prescription coverage provided by the states retiree health plan. It is possible to consider them in purely monetary terms: At the end of my retirement, will I have received more money from the state if I choose to retire before the changes go into effect? Changes to state employee retirement benefits will go into effect in July of 2022 The amount of the IRMAA varies, based on an enrollees income over the threshold amount. You cannot be supportive of state workers and the services they provide without being supportive of the necessary funding to ensure that these positions are properly staffed, SEBAC wrote in a statement after the vote. 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. Lamont inherited an Executive Branch workforce in 2019 that already was down 10% from 2010 levels. Union leaders also said their members granted concessions to help close major state budget deficits in 2009, 2011 and 2017. To the extent the rates on Appendix A apply to any member of Tier II or IIA who retires on or after August 1, 2022, the rates will be calculated as if the current Normal Retirement Age still applied.5. For employees who retire under a Normal Retirement on or after August 1, 2022, and who are not yet eligible for Medicare, these rates will be: 3% for hazardous duty retirees and 5% for all others. That will be followed by 2.5 percent raises on July 1, 2022 and July 1, 2023. The changes to Normal Retirement Age will have an impact only on certain members of Tiers II and IIA. All three concession packages also increased health care costs for workers, while two of the three tightened pension and retirement health care benefits. Were hemorrhaging workers right now, DAgostino said. Lamont is correct, though, that the states coffers are unusually flush. Very truly yours, . The 2022 Changes will increase the amount deducted from the retirement benefits of certain employees to pay for state-provided retiree health insurance. For some members of Tiers II and IIA who retire on or after August 1, 2022, the Normal Retirement Age will change: to 65 for most members, and to 63 for members with 25 or more years of vesting service. NV Home Directory of State Agencies. building a betterand more civilConnecticut to live, work, and play. It could be because it is not supported, or that JavaScript is intentionally disabled. 3 Please note that in order to qualify for an annual SERS COLA, a member must complete at least 10 years of actual state service or transition directly into retirement. And when the rate of inflation is greater than two percent, retirees will receive the same COLA that is paid to members who retire on or before the Effective Date. Each of the first three years includes annual general wage increases (GWI) and step increases, so nearly all of the additional pay for the first year will be retroactive. Action Reason Codes. The tentative deals also call for 2.5% general wage hikes this fiscal year and in each of . CA 40 Hour Pay Plan Effective July 1, 2022, CC 36.25 Hour Cadet Pay Plan Effective July 1, 2022, CJ 40 Hour Lump Sum Chart Effective July 1, 2022, CJ 40 Hour Pay Plan Effective July 1, 2022, CL 40 Hour Pay Plan Effective July 1, 2022, CN 40 Hour Pay Plan Effective July 1, 2022, CO 36.25 Hour Pay Plan Effective July 1, 2022, CP 40 Hour Pay Plan Effective July 1, 2022, CR 40 Hour Lump Sum Chart Effective July 1, 2022, CR 40 Hour Pay Plan Effective July 1, 2022, CT 40 Hour 10 month Pay Plan Effective July 1, 2022, DM 40 Hour Pay Plan Effective July, 1 2022, Doctors 40 Hour MD Pay Plan with 3 Additional Steps Effective July 1, 2022, DX 35 Hour Dentist Pay Plan Effective July 1, 2022, DY 37.5 Hour Dentist Pay Plan Effective July 1, 2022, The contracts, which Gov. Because state employees must retire on the first day of a month that occurs after the termination of their employment, all employees who retire on or before July 1, 2022, will have terminated employment before the rules go into effect. Please note, however, that grandfathered employees are not exempt from the changes relating to health insurance and COLAs. Search through millions of guided step-by-step solutions or ask for help from our community of subject experts 24/7 . However, SERS members who retire under the current rules receive a minimum COLA of 2%, even in years for which the formula would produce a smaller COLA. 2016 CT.gov | Connecticut's Official State Website, regular The state and unions have the option of continuing the same level of raises for the fiscal year beginning July 1, 2024, or they can negotiate different compensation levels. Connecticut families arent getting anything out of this, Kelly added. If a member retires on or after August 1, 2022, and if the rate of inflation, as measured by the CPI-W, is higher than 5.5% per year for the first 18 months of the members retirement, then the member will receive two COLAs on the date that is thirty months after retirement. View a list of Connecticut State Departments and Agencies, Constitutional Offices, and more. These employees are exempt from a change to Normal Retirement Age. Part-time employees will receive a pro-rated payment. Rob Baril, the president of SEIU 1199, in July 2021 arguing that state employees deserve raises. When locality pay adjustments are factored in, the average federal employee's salary grew by 2.7 percent. In 2015, Connecticut paid $1.7 billion to 49,111 retirees, according to the Comptroller's Open Pension website. 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