SEBAC AGREEMENT SAVINGS FOR FY 2018 and FY 2019Sebac Agreement • October 28th, 2020
Contract Type FiledOctober 28th, 2020In 2017 the State Employees Bargaining Agent Coalition (SEBAC) and the state negotiated an agreement to assist in resolving the financial issues of the State of Connecticut while preserving public services. Under the agreement, changes were made to employee pension and health care benefits and agreements on employee compensation. Through these negotiations, the state projected a savings of $700.9 million in Fiscal Year 2018 and $868.6 million in Fiscal Year 2019 or $1.57 billion over the biennium.
SEBAC AGREEMENT SAVINGS FOR FY 2018 and FY 2019Sebac Agreement • December 10th, 2019
Contract Type FiledDecember 10th, 2019In 2017 the State Employees Bargaining Agent Coalition (SEBAC) and the state negotiated an agreement to assist in resolving the financial issues of the State of Connecticut while preserving public services. Under the agreement, changes were made to employee pension and health care benefits and agreements on employee compensation. Through these negotiations, the state projected a savings of $700.9 million in Fiscal Year 2018 and $868.6 million in Fiscal Year 2019 or $1.57 billion over the biennium.