AN ACT IMPOSING A TRANSACTION AND FORWARDING FEE ON STATE PENSION BENEFIT INCOME OF NONRESIDENTS.

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

That the general statutes be amended to impose a thirty per cent transaction and forwarding fee on the state pension benefit income of any individual receiving a state pension who resides in another state.

Statement of Purpose:

To incentivize individuals receiving a state pension to remain in the state.