General Assembly Substitute Bill No. 5603
January Session, 2011 *_____HB05603PD____032811____*
General Assembly
Substitute Bill No. 5603
January Session, 2011
*_____HB05603PD____032811____*
AN ACT CONCERNING THE PREVENTION OF EXCESSIVE PENSIONS FOR ELECTED MUNICIPAL OFFICIALS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective October 1, 2011) Except as otherwise provided by charter, by ordinances or resolutions adopted pursuant to such charter or by home rule ordinance, no town, city, district or borough shall, within one hundred twenty days preceding the date of an election, grant to any elected municipal official any benefit by increasing such official's pension benefits plan. Nothing in this section shall prevent any such official from receiving any scheduled benefit in accordance with such official's pension benefits plan. The provisions of this section shall not apply to elected officials in towns in which the legislative body is the town meeting.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2011 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2011
New section
PD Joint Favorable Subst.
PD
Joint Favorable Subst.