AN ACT CONCERNING A STUDY OF A PENSION BUYOUT PLAN FOR STATE EMPLOYEES.

SB 380 requires Connecticut's Office of Policy and Management to study whether offering state employees a pension buyout - a lump-sum cash payment based on their estimated lifetime pension benefits - would be feasible and beneficial to taxpayers. The bill directly affects state employees who might qualify for such a buyout and examines potential cost savings for the state. Key provisions mandate the study to assess implementation logistics, financial impact, and taxpayer benefits without committing to any specific policy changes. This is purely a feasibility study, not a proposal to implement a buyout plan. The bill focuses on gathering data to inform future decisions, with no immediate legislative action.