General Assembly Raised Bill No. 328, introduced in the February Session, 2024, addresses the issue of permanent partial disability benefits and pension offsets. The bill proposes to amend Section 7-450c of the general statutes, effective October 1, 2024. The amendment ensures that no municipality or special taxing district that provides a pension and retirement system for its officers, employees, and their beneficiaries as of July 11, 2007, shall reduce or eliminate any retiree's rights or benefits that were in place at the time of their retirement. It clarifies that changes in the administration of retirement benefits are permissible as long as the rights and benefits remain at least equivalent to those provided before the change.
Furthermore, the bill stipulates that no municipality or special taxing district can diminish or eliminate any rights or benefits granted to a retiree under their retirement or pension system due to permanent partial disability benefits received on or after October 1, 2024. This provision is in accordance with sections 31-308 or 31-308a of the general statutes. The bill also ensures that the new provisions do not impair or alter the terms of any collective bargaining agreement in effect before October 1, 2024. The bill has received favorable recommendations from both the LAB and APP committees.
Statutes affected: Raised Bill: 7-450c
LAB Joint Favorable: 7-450c
File No. 298: 7-450c
APP Joint Favorable: 7-450c