Bill Text: CT HB05461 | 2014 | General Assembly | Comm Sub
Bill Title: An Act Concerning Retirement And Group Welfare Benefits For Certain Unclassified Employees Of The Connecticut Airport Authority.
Spectrum: Committee Bill
Status: (Introduced - Dead) 2014-04-01 - File Number 253 [HB05461 Detail]
Download: Connecticut-2014-HB05461-Comm_Sub.html
General Assembly |
||
February Session, 2014 |
*_____HB05461TRA___031814____* |
AN ACT CONCERNING RETIREMENT AND GROUP WELFARE BENEFITS FOR CERTAIN UNCLASSIFIED EMPLOYEES OF THE CONNECTICUT AIRPORT AUTHORITY.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. Section 15-120mm of the 2014 supplement to the general statutes is amended by adding subsection (h) as follows (Effective from passage):
(NEW) (h) The executive director, as described in subsection (d) of section 15-120bb, and those unclassified employees who, under the authority's organizational chart report directly to the executive director, may, at the discretion of the authority and at the one-time irrevocable option of the employee, be exempted from the provision of subsection (g) of this section for the purposes of retirement under chapter 66 or group welfare benefits under sections 5-257 and 5-259. If the employee elects such option, as approved by the authority, the employee's participation in the retirement or group benefits plan shall be suspended during the period of such election while the employee is an employee of the authority. The authority may develop and implement retirement plans and group welfare benefits for the executive director and those employees who report directly to the executive director who are exempted from the provisions of subsection (g) of this section. Such plans shall not be subject to supervision, oversight or approval by the State Employees Retirement Commission under chapter 66 or the Comptroller, Attorney General or Insurance Commissioner under chapter 67, provided any such retirement plan shall be considered a Connecticut retirement plan for purposes of subsection (d) of section 5-160.
This act shall take effect as follows and shall amend the following sections: | ||
Section 1 |
from passage |
15-120mm |
Statement of Legislative Commissioners:
In the first sentence of section 1, "define" was changed to "described" for accuracy and clarity.
TRA |
Joint Favorable Subst. |