State Of Ct Sebac Agreement 2017
In 2017, Governor Dannel Malloy`s administration and the State Employees Bargaining Agent Coalition (SEBAC) entered into two agreements to honor the state`s long-term commitments to GAINS and its members, in response to the increase in unsused debts and the increase in state contributions. Both agreements were approved by the Connecticut General Assembly in February 2017 and July 2017 respectively. In addition to preventing the significant increase in GAINS contributions through a new distribution of government payments over time, the February 2017 SEBAC agreement reduced the assumed annual return of GAINS from 8.0% to 6.9%. However, the rate of 6.9 per cent is still higher than the average real return of GAINS since FY2001 (5.4 per cent) and the rate of 3 or 4 per cent that many consider more realistic in science and the financial sector since the Great Recession. Therefore, if the real returns of GAINS were lower than the assumed interest rate, the projected annual contribution of the State to GAINS could increase in order to compensate for the difference between the two rates and to avoid a greater increase in uncovered LIABILITIES of GAINS. The Deputy Unit of Attorneys General, which was only created in 2016, had a specific separation in the SEBAC agreement and found that the unit „will negotiate and arbitrate the provisions of its collective agreement“ and „will be governed by the other parts of the SEBAC 2017 agreement“. The arbitrator gradually granted 3% increases to assistant supervisors in 2019 and 2020. The State had forecast only one increase of 2.5% for 2019. The July 2017 SEBAC agreement also creates a new hybrid performance level (Tier IV) for new employees, combining the traditional GAINS retirement benefit and a defined contribution 401(k) style. Under the new stage, civil servants would have to pay at least 1 per cent of their salary into their pension account, with the State corresponding to 1 per cent. In addition, under the new phase, only 60% of an employee`s overtime income can be used to calculate the employee`s retirement. For all other levels, the calculation of their pension benefits applies to workers` total overtime pay. The Correction Supervisors Council signed the 2017 SEBAC agreement, to guarantee bonuses, salary increases, level increases and protection against dismissals, but the contract also included a 3 per cent salary increase for probation and community service officers retroactive to 2015.
Click here for a copy of the State Employees Bargaining Agent Coalition (SEBAC) agreement, which runs from July 1, 2017 to June 30, 2027. State of Connecticut, Department of Administrative Services, Office of Labor Relations, State Personnel Division. (1992). Agreement between the State of Connecticut and the State Employees Bargaining Agent Coalition. Hartford, CT: Author. Consulted by ctstatefinance.org/assets/uploads/files/SEBAC-2-1992.pdf. . . . . .