Connecticut 2013 Regular Session

Connecticut House Bill HB06148 Compare Versions

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11 General Assembly Committee Bill No. 6148
22 January Session, 2013 LCO No. 4530
3- *_____HB06148INS___041013____*
3+ *_____HB06148LAB___031513____*
44 Referred to Committee on LABOR AND PUBLIC EMPLOYEES
55 Introduced by:
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88 General Assembly
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1010 Committee Bill No. 6148
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1212 January Session, 2013
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1414 LCO No. 4530
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16-*_____HB06148INS___041013____*
16+*_____HB06148LAB___031513____*
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1818 Referred to Committee on LABOR AND PUBLIC EMPLOYEES
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2020 Introduced by:
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2222 (LAB)
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2424 AN ACT CONCERNING PENSION DERISKING.
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2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
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2828 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.
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3333 This act shall take effect as follows and shall amend the following sections:
3434 Section 1 October 1, 2013 New section
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3636 This act shall take effect as follows and shall amend the following sections:
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3838 Section 1
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4040 October 1, 2013
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4242 New section
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4646 LAB Joint Favorable
47-INS Joint Favorable
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4948 LAB
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51-Joint Favorable
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5550 Joint Favorable