SEBAC Retirement Settlement for Certain Employees with 25 Years of Service Who Are Not Yet Age 55
In mid-August of 2011, just before 4C's members and other state employee union members approved concession agreements, about 80 people (about half managers and half union employees) were offered the option of retiring even though they were under age 55.
The decision to make these offers was not negotiated with SEBAC. The union coalition objected to the terms of the agreement and to their being implemented without coalition agreement. SEBAC filed a "failure to bargain" charge with the State Labor Board. An agreement has been reached between the Malloy Administration and SEBAC on this early retirement grievance.
Who is affected by the settlement? Any employee who was on the payroll as of 12/1/12 and who had as of Sept. 1, 2011, 25 years of service but had not yet reached age 55. These employees may elect to retire under the settlement, which includes a reduced pension. This decision must me made before May 1, 2013.