(a) Any municipality or subdivision thereof may, by ordinance, or with respect to a municipality not having the authority to make ordinances, by resolution adopted by a two-thirds vote of the members of its legislative body, establish pension, retirement, or other postemployment health and life benefit systems for its officers and employees and their beneficiaries, or amend any special act concerning its pension, retirement, or other postemployment health and life benefit systems, toward the maintenance in sound condition of a pension, retirement, or other postemployment health and life benefit fund or funds, provided the rights or benefits granted to any individual under any municipal pension or retirement system shall not be diminished or eliminated. The legislative body of any such municipality, by resolution adopted by a two-thirds vote of its members, may provide for pensions to persons, including survivors' benefits for widows of such persons, not included in such pension or retirement system.
(b) Notwithstanding the provisions of the general statutes or of any special act, charter, special act charter, home-rule ordinance, local ordinance or other local law, any municipality or subdivision thereof may, by ordinance and amendment thereto, or with respect to a municipality not having the authority to make ordinances, by resolution adopted by a two-thirds vote of the members of its legislative body, (1) establish one or more trusts, or determine to participate in a multiemployer trust, to hold and invest the assets of such pension, retirement or other postemployment health and life benefit system; (2) provide for the management and investment of such system and any such trust, including the establishment of a board or commission or the designation of an existing board or commission for such purposes; or (3) provide for the organization of and the manner of election or appointment of the members of such board or commission. Notwithstanding any limitations on the investment of municipal funds set forth in section 7-400, funds held in any trust described in subdivision (1) of this subsection may be invested (A) in accordance with the terms of the pension, retirement or other postemployment health and life benefit plan, as such terms may be amended from time to time; or (B) in any trust fund administered, held or invested by the Treasurer pursuant to chapter 32 and for which the Treasurer may adopt regulations, in accordance with chapter 54, to allow for the investment of funds held in any trust described in said subdivision. The investment and management of the assets of any trust described in said subdivision shall be in compliance with the prudent investor rule as set forth in sections 45a-541 to 45a-541l, inclusive.
(c) The provisions of subsections (a) and (b) of this section shall not operate to invalidate the establishment by any municipality or subdivision thereof, pursuant to the provisions of any public or special act, charter, special act charter, home-rule ordinance, local ordinance or local law, of any postemployment health and life benefit system duly established prior to October 1, 2005, or of any trust duly established or board or commission duly established or designated prior to July 1, 2006, with respect to a pension, retirement or other postemployment health and life benefit system.
(1949 Rev., S. 903; 1957, P.A. 13, S. 48; February, 1965, P.A. 338, S. 1; 1967, P.A. 568; 642, S. 1; P.A. 05-202, S. 2; P.A. 06-79, S. 6; June Sp. Sess. P.A. 21-2, S. 292.)
History: 1965 act included provisions for survivors' benefits for widows of officials and employees; 1967 acts deleted phrase concerning specific appropriations for pensions to persons not included in retirement system or their widows and protected rights and benefits under system from diminishment or elimination as a result of any amendments to the system; P.A. 05-202 divided section into Subsecs. (a) and (b) and added provisions re postemployment health and life benefit systems; P.A. 06-79 amended Subsec. (a) to add provisions re establishment of pension and retirement systems by municipalities without authority to make ordinances and re adoption of resolution to provide pensions to persons not included in system, amended Subsec. (b) to replace former provisions re pension and retirement systems established before October 1, 2005, with new provisions re authority of municipalities to establish pension and retirement systems and added new Subsec. (c), effective July 1, 2006; June Sp. Sess. P.A. 21-2 amended Subsec. (b) to replace “funds held in any such trust” with “funds held in any trust described in subdivision (1) of this subsection”, designate provision re investment in accordance with plan terms as Subpara. (A) and added Subpara. (B) re trust funds administered, held or invested in by the Treasurer, effective June 23, 2021.
Structure Connecticut General Statutes
Chapter 113 - Municipal Employees
Section 7-407. - Method of adoption.
Section 7-408. - Civil service board; appointment; terms of office; removal.
Section 7-409. - Purpose of part. Rules.
Section 7-410. - Civil service board; president; chief examiner.
Section 7-411. - Classification of officers and employees.
Section 7-412. - Publication of rules.
Section 7-413. - Examination of applicants. Certification.
Section 7-414. - Classified service; eligible list; promotion.
Section 7-415. - Credit allowances to veterans in examinations for original appointment.
Section 7-416. - Appointments.
Section 7-417. - Probation; notice of appointment or of creation or abolition of office.
Section 7-418. - Inmates of institutions excepted.
Section 7-419. - Removal of officers or employees.
Section 7-420. - Interference with or false grading of applicants.
Section 7-421a. - Inconsistent statutory or charter provisions.
Section 7-421b. - Limitation on restrictions of political rights of municipal employees.
Section 7-422. - Personnel appeals board. Appeal to Superior Court.
Section 7-423. - Technical services by Department of Administrative Services.
Section 7-426. - Separate funds. Retirement rate.
Section 7-427. - Participation by municipalities.
Section 7-428. - Retirement on account of length of service and age.
Section 7-429. - Retirement of elective officers.
Section 7-430. - Involuntary retirement; temporary retention.
Section 7-431. - Separation from service before voluntary retirement age.
Section 7-433b. - Survivors' benefits for firemen and policemen. Maximum cumulative payment.
Section 7-433d. - Injury or death of fireman while engaged in fire duties with another company.
Section 7-434. - Continuity of service.
Section 7-434a. - Continuation of membership during service as elected official.
Section 7-435. - Retirement benefits for members of fund A.
Section 7-436b. - Credit for military service for members of fund B.
Section 7-439b. - Cost of living adjustment to retirement allowance.
Section 7-439c. - Discharge of liability for increases of retirement allowance.
Section 7-439d. - Cost of living adjustment not limited by subsection (a) of section 7-436.
Section 7-439e. - Actuarial study by retirement board to determine cost impact of increases.
Section 7-439f. - Study concerning restructuring of fund.
Section 7-439g. - Optional forms of retirement income. Preretirement death benefit.
Section 7-439h. - Erroneous payments; adjustment; waiver of repayment; regulations.
Section 7-440a. - Certain contributions by members treated as employer contributions.
Section 7-441a. - Contributions to remain at level in effect on June 30, 1980.
Section 7-442. - Transfer from fund A to fund B.
Section 7-442a. - Transfer of retirement credit between municipalities.
Section 7-442c. - Credit for prior service with redevelopment agency.
Section 7-442e. - Credit for prior service with Connecticut Housing Authority.
Section 7-443. - Initial rates of contribution by municipality.
Section 7-444. - Withdrawal by a municipality.
Section 7-445. - Liability of municipality.
Section 7-446. - Assignments prohibited.
Section 7-447. - Custody and investment of funds.
Section 7-449. - Effect of amendment or repeal of part.
Section 7-450b. - Cost of living allowance.
Section 7-451. - Retroactive coverage.
Section 7-452. - Participation in federal Old Age and Survivors Insurance System: Definitions.
Section 7-453. - Membership in system. Contributions.
Section 7-454. - Employees not included.
Section 7-456. - Deductions from wages.
Section 7-457. - Agreement between commission and municipality.
Section 7-458. - Refund of amounts recovered from federal government.
Section 7-459. - Retroactivity.
Section 7-459a. - Survivors' benefits authorized.
Section 7-459b. - Deferred retirement option plan. Adoption.
Section 7-460. - Compensation of officials and employees.
Section 7-460a. - Sick leave pay exclusion from Social Security contributions.
Section 7-460b. - Residency requirements.
Section 7-460c. - Compensatory time in lieu of overtime pay.
Section 7-460d. - Additional compensation for certain retired public safety employees.
Section 7-461. - Leave of absence for reserve corps field training.
Section 7-461a. - Leave of absence for specialized disaster relief services.
Section 7-462. - Reinstatement of employees after military leave.
Section 7-463. - Interest of state in employees' bonds.
Section 7-466. - Collective bargaining authorized.
Section 7-467. - Collective bargaining. Definitions.
Section 7-467a. - Qualification of employee organization.
Section 7-468. - Rights of employees and representatives. Duty of fair representation.
Section 7-469. - Duty to bargain collectively.
Section 7-470. - Prohibited acts of employers and employee organizations.
Section 7-471. - Powers of State Board of Labor Relations.
Section 7-471a. - Supervisory employees not required to form employees association.
Section 7-472. - Mediation by State Board of Mediation and Arbitration.
Section 7-473b. - Mandatory timetable for negotiations. Appointment of mediator.
Section 7-475. - Strikes prohibited.
Section 7-476. - Existing bargaining unit not altered during term of agreement.
Section 7-477. - Payroll deductions of union dues authorized.
Section 7-478d. - Duties of State Board of Mediation and Arbitration if no resolution.
Section 7-478f. - Rejection of award by legislative body. Second arbitration format.