Page 247

House Bill No. 5506

Public Act No. 22-118 247 of 739

shall be considered by the retirement board as though such member were remaining in such member's latest teaching position. Sec. 175. Section 10-183g of the 2022 supplement to the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022): (a) The normal retirement benefit shall be two per cent times the number of years of full-time credited service and a proportional fraction of two per cent times the number of years of credited service at less than full-time multiplied by average annual salary. In no event, however, shall such benefit exceed seventy-five per cent of such salary or be less than three thousand six hundred dollars. (b) The proratable retirement benefit shall be computed as follows: Average annual salary multiplied by (1) number of years of credited service [, excluding all additional credited service, except service described in subdivisions (3), (8) and (10) of subsection (b) of section 10- 183e,] in the public schools of Connecticut multiplied by the applicable percentage based on age and service as determined from the table below, and (2) number of years of all additional credited service not used in subdivision (1) of this subsection multiplied by one per cent.

TABLE

AGE OF RETIREMENT

Years Of

Connecticut

Service 60 61 62 63 64 65 66 67 68 69 70

10 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0 1.0

11 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1 1.1

12 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2 1.2

13 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3 1.3