General Assembly Committee Bill No. 6148
January Session, 2013 LCO No. 4530
*04530HB06148LAB*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
(LAB)
General Assembly
Committee Bill No. 6148
January Session, 2013
LCO No. 4530
*04530HB06148LAB*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
(LAB)
AN ACT CONCERNING PENSION DERISKING.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective October 1, 2013) The Labor Commissioner shall conduct a study on the effects of pension derisking transactions which occur when a retiree's pension benefits are transferred from a pension plan protected under the Employee Retirement Income Security Act of 1974 to a substitute pension benefit provider such as an insurance company licensed in the state. On or before October 1, 2014, the commissioner shall report, in accordance with section 11-4a of the general statutes, his or her findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to labor and public employees.
This act shall take effect as follows and shall amend the following sections:
Section 1 October 1, 2013 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
October 1, 2013
New section
Statement of Purpose:
To study the effects of pension derisking.
[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined.]
Co-Sponsors: REP. FOX, 146th Dist.
Co-Sponsors:
REP. FOX, 146th Dist.
H.B. 6148