The proposed legislation, General Assembly Raised Bill No. 6844, aims to protect the rights and benefits of retirees from municipalities or special taxing districts that provide pension and retirement systems. Specifically, it prohibits these entities from diminishing or eliminating any rights or benefits granted to retirees that were in effect at the time of their retirement. The bill allows for changes in the administration of retirement benefits, provided that the rights and benefits remain at least equivalent to those previously offered.

Additionally, the bill introduces a new provision that ensures retirees will not have their rights or benefits reduced due to the receipt of permanent partial disability benefits starting October 1, 2025. This protection extends to benefits received in accordance with sections 31-308 or 31-308a of the general statutes. Importantly, the bill clarifies that it does not affect any existing collective bargaining agreements that were in place before the specified date. The effective date for these changes is set for October 1, 2025, and the current law under section 7-450c will be amended accordingly.

Statutes affected:
Raised Bill: 7-450c
LAB Joint Favorable: 7-450c
File No. 157: 7-450c
APP Joint Favorable: 7-450c