The proposed Bill No. 5492 seeks to amend chapter 66 of the general statutes by introducing a cap on annual pension payments for state employees, limiting them to a maximum of one hundred thousand dollars per year. This legislative change aims to enhance the stability and sustainable solvency of the state employees' retirement system.

The bill does not include any deletions from the current law but focuses solely on the insertion of the new limit on pension payments. By implementing this cap, the bill intends to address financial concerns related to the state’s pension obligations and ensure a more sustainable retirement system for state employees.