Bill Text: CT SB00186 | 2011 | General Assembly | Introduced

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Bill Title: An Act Implementing A Defined Contribution Plan For New State Employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-19 - Referred to Joint Committee on Appropriations [SB00186 Detail]

Download: Connecticut-2011-SB00186-Introduced.html

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General Assembly		Proposed Bill No. 186
January Session, 2011		LCO No. 2008
Referred to Committee on Appropriations
Introduced by:
SEN. MARKLEY, 16th Dist.

AN ACT IMPLEMENTING A DEFINED CONTRIBUTION PLAN FOR NEW 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 new employees entering state service to participate in a defined contribution benefit plan rather than the current defined benefit system.

Statement of Purpose:

To change the state pension system from a defined benefits plan to a less-costly defined contribution plan.