News

Retiree Healthcare Trust Fund:   State employees who were hired between July 1, 2009 and June 30, 2010 will see the end of the 3% contribution once they hit their 120 month threshold.  The RHTF was established as a 10 year contribution, requiring 120 months of payments into the Retiree Healthcare Trust Fund.  These payments were

   General Wage Increase: All members are getting a long awaited 3.5% raise effective (6/21/19).  This will be slightly offset by an increase of a 0.5% contribution to the pension fund.  Both changes will show up in the July 19th paycheck.    Pension Funding Discussions: The State and SEBAC met on July 8th to discuss

SEBAC and the Lamont administration met yesterday to work on the details of a re-amortization of the state pension fund.  Meetings will continue. This is part of our continuing effort to work with the Lamont Administration on “win-win” solutions for achieving efficiency that will benefit everyone.  Completing the re-amortization of the state pension fund, adjusting the

Pension Funding Discussions: The State has asked SEBAC to discuss the pension funding agreement in place since 2015.  This is an effort to re-amortize the pension debt and re-structure the state’s payment plan.  We want to be clear as to what this represents, and what this does not represent:  This is about impacting the timing

General Wage Increase: All IBPO local members are getting a 3.5% raise effective (6/21/19).  Step movement (Top step) will be given either in July or January depending on hire date. . The GWI will be reflected in the July 19th paycheck.