Bill Text: CT SB00054 | 2013 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: An Act Establishing A Retirement Savings Plan For Low-income Private Sector Workers.

Spectrum: Strong Partisan Bill (Democrat 10-1)

Status: (Introduced - Dead) 2013-05-08 - Favorable Report, Tabled for the Calendar, Senate [SB00054 Detail]

Download: Connecticut-2013-SB00054-Introduced.html

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General Assembly		Proposed Bill No. 54
January Session, 2013		LCO No. 226
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
SEN. LOONEY, 11th Dist.

AN ACT ESTABLISHING A RETIREMENT SAVINGS PLAN FOR LOW-INCOME PRIVATE SECTOR WORKERS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to create a defined benefit plan for low-income private sector workers who do not currently have access to an employer-sponsored retirement plan allowing such workers to contribute a certain percentage of their annual salary to a state-administered retirement savings trust.

Statement of Purpose:

To create a retirement plan for low-income workers.