A one-time payment of up to $1,000 was offered to vital workers under Connecticut’s $30 million Premium Pay Programbut latest calculations reveal they won’t receive even a fraction of that.
State Comptroller-elect Sean Scanlon and State Comptroller Natalie Braswell made the announcement.
“I think it’s been obvious to everyone for months that there was not enough money and that there was more interest in the program than everyone anticipated,” said Mr. Scanlon.
At first, more than 248,000 workers filed applications, but only 207,000 of them were finished, and only 134,010 of them were accepted.
Of those 108,030 employees made less than $100,000 a year, qualifying them for the $1,000 maximum payout.
Unfortunately, those employees will now only receive $232.67. Scanlon is urging the program’s funding to be increased in order to bring payments back to their original levels.
However, according to current projections, an additional $99 million will be required to support the initial payment scale.
How much money could you get?
The following income-based tiers are used to divide up the payment amounts:
- Employees making less than $100,000 per year who are full-time will receive $232.67 instead of the full $1,000 payout.
- Now of receiving a $800 payment, those who earn between $100,000 and $109,999 will instead be given $186.13.
- Residents will receive a payout of $139.60 rather than $600 if their income is between $110,000 and $119,999.
- Instead of $400employees making between $120,000 and $129,999 will receive a payout of $93.06.
- Workers making between $130.00 and $149,999 per year will receive a payout of $46.53 rather than $200.
There were about 12,000 part-time workers who qualified for $500but it is now only worth $116. The payments, which constitute taxable income, will be made in the first quarter of 2019.
Candidates must have held a job in the private sector between March 2020 and May 2022 that prohibited them from working from home in order to be eligible.
Government employees from the federal, state, and local levels are not eligible for this program.