Bill Text: CT HB05598 | 2017 | General Assembly | Introduced


Bill Title: An Act Concerning Defined Contribution Retirement Plans For Newly Hired State Employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2017-03-17 - Public Hearing 03/24 [HB05598 Detail]

Download: Connecticut-2017-HB05598-Introduced.html

General Assembly

 

Proposed Bill No. 5598

 

January Session, 2017

 

LCO No. 1225

 

*01225*

Referred to Committee on APPROPRIATIONS

 

Introduced by:

 

REP. CARNEY, 23rd Dist.

 

AN ACT CONCERNING DEFINED CONTRIBUTION RETIREMENT PLANS FOR NEWLY HIRED STATE EMPLOYEES.

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

That the general statutes be amended to require all state employees and officials hired on and after the effective date of this act to participate in defined contribution retirement plans rather than the current defined benefit system.

Statement of Purpose:

To reduce state pension costs.

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