State budget plans include salary increases and new employee positions for fiscal year 2026

In a recent meeting of the Connecticut Paid Leave Authority's Finance & Audit Committee, key budgetary decisions were made that will impact the agency's operations and its employees. The committee discussed the addition of new positions, bringing the total number of full-time equivalent employees to 49 by the end of the fiscal year 2026. This move aims to enhance the agency's capacity to manage its growing responsibilities.

A significant aspect of the budget includes a 2.5% cost-of-living salary adjustment scheduled for July, along with step increases that will take effect in January. These adjustments are in line with the existing contract with the State Employees Bargaining Agent Coalition (CBAC), which is currently under renegotiation as it is set to expire on June 30, 2025. The committee expressed confidence that the historical trend of salary increases will continue, allowing for appropriate budgeting in the upcoming fiscal year.

Fringe benefits, which encompass health care and pension obligations, were also a focal point of the discussion. The committee has budgeted a total fringe benefit rate of 76%, with 24% allocated for health care and 52% for pension obligations. This represents a cautious approach, as the current rate is approximately 47%, and guidance from the Office of the State Comptroller indicates that this rate is expected to rise. The committee opted for a conservative estimate of 52% to ensure financial stability in the face of potential increases.

These budgetary decisions reflect the agency's commitment to supporting its workforce while preparing for future financial obligations. As the Connecticut Paid Leave Authority continues to evolve, these measures are crucial for maintaining effective operations and ensuring that employees are adequately compensated for their contributions.