State Employee Retirement System (SERS)

Agreement Reached to Shore Up State Employees' Retirement Security

Representatives of the 15 unions in the State Employees Bargaining Agent Coalition (SEBAC) yesterday reached agreement with the administration of Governor Dannel P. Malloy to restructure state employee pension fund payments. The agreement does not impact members' retirement benefits or require increased employee contributions; it does, however, stabilize pensions by ensuring obligations to current and future retirees are fully funded.
 
Click here for the signed memorandum of understanding (MOU).
 
Syndicate content