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CONNECTICUT STATE EMPLOYEES RETIREMENT SYSTEM
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RETIREMENT...IT'S NOT SO FAR AWAY
Regardless of your age, you should start thinking about retirement now. You need money to enjoy your retirement years, and that takes careful planning.
Maintaining your pre-retirement living standard usually requires an income from various sources. The State of Connecticut understands this and provides you with retirement benefits through the Connecticut State Employees Retirement System.
The State Employees Retirement System is based on a Connecticut state law enacted in 1939. Since that time, the law has been changed by legislation and collective bargaining. There are currently three plans - Tier I, Tier II and Tier IIA. In this booklet, we describe the System's Tier II retirement plan, which is non-contributory for all members except hazardous duty members.
The Tier II Plan is administered by the State Employees Retirement Commission whose members are representatives selected by state employees or their unions, management members appointed by the Governor, and actuaries. The Chair of the Commission is nominated by Commission members and must be authorized to serve as a neutral arbitrator in labor relations cases.
We've described the Tier II Plan in summary form in this booklet. Although retirement plans are by necessity complicated, we have taken care to eliminate legal terms whenever possible and to use everyday language. Also, you'll find a number of examples throughout this booklet to help you understand how the Plan works.
Please read this Tier II description carefully. If you have any questions about the Plan that the booklet does not answer, contact:
The Retirement Services Division
Office of the State Comptroller
55 Elm Street
Hartford, Connecticut 06106
Kevin Lembo
Comptroller
State of Connecticut