A joint statement from the Governor and SEBAC (the state employees bargaining unit) was released this afternoon:
Governor Rell and State Employees Union Leaders today announced that they had worked out the framework for an agreement intended to help reduce costs and protect public services in the current fiscal year and the upcoming biennium. When finalized, the agreement will provide for labor cost savings of over $637 million in the upcoming biennium, in addition to savings in the current fiscal year. The framework also provides job security for permanent employees during the upcoming biennnium, as well as the flexibility needed to make organizational changes. Details of the agreement are still being discussed, including translating its job security provisions to the particular circumstances of the Judicial Branch and higher education institutions.
No more details will be released prior to their presentation to the unions, “[h]owever, the Governor and union spokesperson have confirmed that the proposed agreement includes a Retirement Incentive Program, in addition to changes in health insurance and wages.”
Any agreement must ultimately be approved by the unions’ memberships and the General Assembly.