There is no charge for enrollment in the MAPD. If a member has fewer than 25 years of vesting service, and if the member retires before age 62 (but after age 55), then the member takes an Early Retirement. It seems that JavaScript is not working in your browser. 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. The exception is for members of Tier II and IIA who purchased grandfathering rights (as explained below). sebac_website_graphics_8.png. As a View a list of Connecticut State Departments and Agencies, Constitutional Offices, and more. Using high-value Anthem and United Healthcare/Oxford providers and facilities - those that offer higher quality care at lower costs - saves money for you and the State. The precise effect is impossible to forecast, because it depends on such matters as future rates of inflation, future costs of health insurance and Medicare, and the number of years each employees retirement will last. Corporate Support: Advertising & Sponsorship, saves the state about $150 million over the next decade. Tier 3 (Non-Preferred brand name): $12.50 copay. You'll pay nothing for medications and supplies used to treat diabetes (Type 1 and Type 2). Were hemorrhaging workers right now, DAgostino said. If so, can I avoid that harm by retiring before the Effective Date? Under current rules, the Normal Retirement Age for members of Tiers II and IIA of SERS is age 62except that it is age 60 for members with 25 or more years of vesting service. Ned Lamont's administration. In other words, SERS retirees will no longer be guaranteed an annual COLA of at least two percent in years for which inflation is low. The pay raise amounts. The contracts, which Gov. All Rights Reserved. It could be because it is not supported, or that JavaScript is intentionally disabled. 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. The rate of inflation is measured by the Consumer Price Index for Urban Wage Earners and Clerical Workers (also known as the CPI-W). changes to the terms of retirement for all state employees, including members of the State In exchange for doing so, HEP participants qualify for lower monthly premiums, reduced copays and don't pay an in-network deductible. That will be followed by 2.5 percent raises on July 1, 2022 and July 1, 2023. For employees in the Alternative Retirement Program (ARP) - for higher education employees - the employer contribution to ARP will decrease by .75 percent. The retiree is then transitioned into the states custom group Medicare Advantage Plan, which is known as the MAPD. Employees who are Medicare-eligible at the time of their retirement are enrolled in the MAPD as of their retirement health enrollment date. Salary Increase Cost of Living Adjustment (COLA) for Certain Non Represented Employees E Item 2664. When that expires in 2024, the states fiscal position could turn, some lawmakers argue, particularly if the national inflation rate which topped 7% last year and exceeds 8% early in 2022 remains high. Its a way of saying job well done, he added. Anniversary Date (AI Date) Change for Certain Non-Represented Employees (E-Item 2271), Changes Anniversary Date from July 1 to January 1 for employees assigned to the MP, MD, SE, DM, CJ & VR, Labor units 02 & 03 pay plans, DAS General Letter 193 - Anniversary Date (AI Date) for Classes Covered by Collective Bargaining, Procedures for establishing anniversary dates for employees covered by collective bargaining agreements, Salary Increase - Cost of Living (COLA) for Certain Non-Represented Employees (E-Item 2090), Authorizes 3% Cost of Living Increase effective July 1, 2014 to employees assigned to the MP, MD, SE, DM, CJ-EX & VR, Labor units 02 & 03 pay plans, Salary Increase - Cost of Living Adjustment (COLA) & Annual Increase (AI) for Associate Attorney Generals (E-Item 2002), Authorizes a 3% Cost of Living Increase and a 3% Annual Increment not to exceed the maximum of the salary grade for Associate Attorney Generals, Salary Increase - Cost of Living Adjustment (COLA) for Certain Non-Represented Employees (E-Item 1935), Authorizes 3% Cost of Living Increase effective July 1, 2013 to employees assigned to the MP, MD, SE, DM, CJ-EX & VR, Labor units 02 & 03 pay plans, Salary Increase - Cost of Living Adjustment (COLA) for Certain Non-Represented Employees (E-Item 1942), Authorizes 3% Cost of Living Increase effective July 1, 2013 to specific titles assigned to the EX pay plan, Salary Increase - Cost of Living Adjustment (COLA) for Certain Non-Represented Employees (E-Item 2091), Authorizes 3% Cost of Living Increase effective July 1, 2014 for certain employees assigned to the EX pay plan, Salary Increase and Pay Plan Adjustments for Certain Non-Represented Employees (E-Item 2147), Authorizes a Certain Percentage salary adjustment based upon most recent pay increase for certain employees assigned to the EX pay plan, adjusts the EX pay plan and effective January 1, 2016 pay increases for EX mirrors MP, Salary Increase Cost of Living Adjustment (COLA) for Certain Non Represented Employees E Item 2664, Authorizes 3.5% Cost of Living Increase effective July 1, 2019 to employees assigned to the MP, MD, SE, DM, CJ-EX & VR, Labor units 02 & 03 pay plans, Salary Increase Cost of Living Adjustment (COLA) for Certain Non-Represented Employees (E-Item 2665), Authorizes 3.5% Cost of Living Adjustment to certain employees who are assigned to Bargaining Unit 01 effective July 1, 2019, The 2022 Changes will affect the cost of retiree health insurance in two different ways. The formula used took 60% of the increase in the Consumer Price Index ( CPI-W) up to 6% and . At issue are raises and bonuses for roughly 46,000 employees spread among 34 bargaining units that negotiated tentative contracts earlier this spring with Gov. But according to data released Friday from the comptroller's office, 2,086 workers have retired so far this calendar year, and. 2016 CT.gov | Connecticut's Official State Website, regular 1, 2022.1. To determine if an employees income is over the threshold, the government looks to the adjusted gross income that the employee reported on his or her federal return for the tax year that was two years before the year in which the IRMAA will be charged. Add/Update Employee/Dependent Address. State Employment Search Department of Administrative Services Classification and Pay Page 1 of 1 Compensation Plans Find a Listing of State Compensation Plans Look up State Job Classes A database of class specifications used in the State of Connecticut's Executive Branch. The workers will also receive. As discussed above, a SERS member who retires today will not be eligible to receive a COLA until at least nine months have elapsed from the members retirement date. These changes (which this document will call the "2022 Changes") go into effect as of July 1, 2022(the "Effective Date"). Its nothing more than a handout.. These are not job openings. Note 2: The premium for any given employee will be capped at 25% of the person's actual pension benefit, except that the person's actual benefit will be prorated for employees who are less than full-time. If, at that time, the employees dependents continue to be covered under the states retiree health plan, deductions will be made to pay for coverage only for those dependents. More than 30 state employee bargaining units have ratified contracts that would provide more than 40,000 workers with $3,500 in bonuses by July, along with three years of raises, the State Employees Bargaining Agent Coalition announced Friday. When locality pay adjustments are factored in, the average federal employee's salary grew by 2.7 percent. Depending on the members date of retirement, therefore, a member must wait between nine and fourteen months to receive his or her first COLA. Copyright 2002 - 2021 Office of the State Comptroller, https://www.osc.ct.gov/empret/tier2summ/workshop/disclaimer.htm. And while some criticized the bonuses, the Hamden lawmaker and others say they would save the state money over the long haul. 1 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. 2022 Employee Benefits Guide -2 - Goodwill Industries of Northwest North Carolina carefully evaluates our employee benefit offerings each year to ensure we are providing our employees a competitive program. But Republicans said the governors tentative agreements with more than 30 state employee bargaining units are little more than an election-year stunt to buy votes. The legislature . This report (1) explains why state officials are anticipating a wave of state employee retirements before July 1, 2022, the date when changes to state employee retirement benefits take effect, and (2) uses historical data to provide an estimate of how many employees may retire before July 1, 2022. 01. I want a salary structure that allows me to recruit the best and brightest, Lamont said during a late afternoon, online press conference. Governor Lamont wants the union vote next November, and he will doeverything in his power to get it at the expense of everyone else in Connecticut.. "The cost-of-living adjustment for state employees that is included is an incredible step in the right direction. Diabetes medications and supplies. The only thing the middle class is getting here is the bill.. This means CR 40 Hour Pay Plan Effective July 1, 2022. The workers will also receive additional 2.5% general wage increases and step increases beginning July 1 and July 1, 2023. Ned Lamont says are essential to help stem a surge in state employee retirements, are expected to be ratified Friday by the Senate, where Democrats also hold a majority. John Herrington, Director This 1% COLA will have the effect of equalizing the annual salary of each grade and step between the STD and ASTD salary scales. Keith is a graduate of and a former journalism instructor at the University of Connecticut. If fewer than 15 years of service, use 15. For either Tier, however, members can find out what the reduction will be for any given date of retirement by consulting the Estimator on the website of the Retirement Services Division (the RSD), at https://www.osc.ct.gov/empret/tier2summ/workshop/disclaimer.htm. 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. It also includes fringe costs for each employee (fringe includes health care, retirement benefits and other benefit costs paid by the state on behalf of employees, as well as catch-up payments to pay down unfunded liabilities*). Connecticut families arent getting anything out of this, Kelly added. The extra COLA will be calculated on the basis of the CPI-W for that initial, 18-month period of high inflation. State Employees Bargaining Agent Coalition, Proudly powered by Newspack by Automattic. In 2015, Connecticut paid $1.7 billion to 49,111 retirees, according to the Comptroller's Open Pension website. If you are seeing an in-network provider, it is the provider's responsibility to submit all necessary information during the medical necessity review process. The federal government increased the salaries for general schedule employees by 2.2 percent in 2022. Please also take note of the following important facts about these changes: Each of the 2022 Changes potentially affects the amount certain employees will receive from the state over the course of their retirement. In other words, the effect of this change to current retirement rules will generally last for only a limited amount of time. Its unclear when the General Assembly will vote on the agreement. 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. To the Comptroller & # x27 ; s salary grew by 2.7 percent then transitioned the... Bargaining units that negotiated tentative contracts earlier this spring with Gov Connecticut 's Official State Website, regular 1 2023... 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