The proposed bill, General Assembly Proposed Bill No. 25, aims to amend chapter 66 of the general statutes by excluding payments of overtime from the calculation of base salary for purposes of determining state employees' retirement income. This change is intended to prevent overtime payments from being factored into the pension calculations for state employees, thereby potentially reducing the overall retirement benefits that are based on salary.
The bill reflects a significant policy shift regarding how retirement income for state employees is calculated, specifically by removing overtime pay from the base salary calculation. The primary goal of this legislation is to ensure that state employees' pensions are determined solely on their regular salary, without the influence of additional earnings from overtime work.