Connecticut 2011 Regular Session

Connecticut Senate Bill SB00569 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 569
22 January Session, 2011 LCO No. 959
33 Referred to Committee on Appropriations
44 Introduced by:
55 SEN. BOUCHER, 26th Dist.
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77 General Assembly
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99 Proposed Bill No. 569
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1111 January Session, 2011
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1313 LCO No. 959
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1515 Referred to Committee on Appropriations
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1717 Introduced by:
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1919 SEN. BOUCHER, 26th Dist.
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2121 AN ACT PROHIBITING COST-OF-LIVING ALLOWANCES FOR RETIRED STATE EMPLOYEES.
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2323 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2525 That the general statutes be amended to prohibit cost-of-living allowances for retired state employees in any year in which the State Employees Retirement Fund has negative investment earnings.
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2727 Statement of Purpose:
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2929 To require state pension investments to realize an increase in order to give cost-of-living increases to retired state employees.