SEBAC Approves Breakpoint Change
Final ratification of the new Breakpoint Agreement is now complete, with all unions eligible to vote voting in the affirmative. The agreement will not be submitted to the General Assembly as it is pursuant to the previously funded provisions of SEBAC 2011. It has been transmitted to the Retirement Division to be implemented as soon as their computers can handle it. It’s effect will be retroactive to all retirements occurring on or after July 1, 2013.
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