(a) Whenever a monetary settlement is awarded pursuant to an interest arbitration proceeding conducted pursuant to section 5-276a, and such award is not rejected by the legislature pursuant to section 5-278, and payment is not made in accordance with the terms of such settlement within sixty days of the date such award was issued, the party liable for such payment shall be required to pay interest, at the rate of five per cent per annum, on such overdue payment, calculated from the date the award was issued.
(b) Whenever a monetary settlement is awarded pursuant to a state employee grievance arbitration proceeding, and payment is not made in accordance with the terms of such settlement within thirty days of the date such award was issued, the party liable for such payment shall be required to pay interest, at the rate of five per cent per annum, on such overdue payment, calculated from the date the award was issued.
(P.A. 87-335.)
Subsec. (b):
Constitutes statutory exception to power of Claims Commissioner and is legislative waiver of sovereign immunity with respect to interest. 20 CA 676.
Structure Connecticut General Statutes
Chapter 68 - Collective Bargaining for State Employees
Section 5-270. - Collective bargaining. Definitions.
Section 5-271. - Rights of employees and representatives. Duty of fair representation.
Section 5-272. - Prohibited acts of employers and employee organizations.
Section 5-273. - Powers of State Board of Labor Relations.
Section 5-274. - Prohibited practice questions determined by State Board of Labor Relations.
Section 5-276. - Mediation and arbitration services by State Board of Mediation and Arbitration.
Section 5-276b. - Interest charges on overdue arbitration settlement payments.
Section 5-277. - Petition to State Board of Mediation and Arbitration for fact finding.
Section 5-278a. - Certain provisions of collective bargaining agreement to remain in effect.
Section 5-278b. - Limitation on terms of collective bargaining agreements.
Section 5-279. - Strikes by state employees prohibited.
Section 5-280. - Payment of dues to exclusive representative required.