General Assembly Proposed Bill No. 115
January Session, 2011 LCO No. 521
Referred to Committee on Appropriations
Introduced by:
SEN. WITKOS, 8th Dist.
General Assembly
Proposed Bill No. 115
January Session, 2011
LCO No. 521
Referred to Committee on Appropriations
Introduced by:
SEN. WITKOS, 8th Dist.
AN ACT CONCERNING A DEFINED CONTRIBUTION RETIREMENT PLAN FOR STATE EMPLOYEES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapters 16, 66 and 67 of the general statutes be amended to eliminate the present state employees' defined benefit retirement plan for state employees hired after June 1, 2011, and establish a defined contribution retirement plan for such employees in lieu thereof.
Statement of Purpose:
To change the state employee retirement plan from a defined benefit plan to a defined contribution plan for newly-hired employees.