Bill Text: CT SB00079 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning A Defined Contribution Retirement Plan For Certain Newly-hired State And Municipal Employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-15 - Referred to Joint Committee on Appropriations [SB00079 Detail]

Download: Connecticut-2015-SB00079-Introduced.html

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General Assembly		Proposed Bill No. 79
January Session, 2015		LCO No. 871
		*00871*
Referred to Committee on APPROPRIATIONS
Introduced by:
SEN. MARTIN, 31st Dist.

AN ACT CONCERNING A DEFINED CONTRIBUTION RETIREMENT PLAN FOR CERTAIN NEWLY-HIRED STATE AND MUNICIPAL EMPLOYEES.

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

That the general statutes be amended to require all newly-hired state and municipal employees who will participate in a state-administered pension plan to be enrolled in a defined contribution benefit plan rather than the current defined benefit system.

Statement of Purpose:

To achieve financial relief on pension burdens by requiring certain newly-hired state and municipal employees to participate in a defined contribution pension plan.