General Assembly Substitute Bill No. 6611
January Session, 2013 *_____HB06611INS___032013____*
General Assembly
Substitute Bill No. 6611
January Session, 2013
*_____HB06611INS___032013____*
AN ACT CONCERNING A REQUEST FOR INFORMATION REGARDING FUNDING FOR STATE RETIREMENT AND PENSION BENEFITS.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (Effective from passage) (a) Not later than October 1, 2013, the Treasurer shall, in cooperation with the Insurance Department, develop and issue a request for information to solicit ways the state can improve the level of funding for state retirement and pension benefits.
(b) Not later than January 1, 2014, the Treasurer shall submit to the General Assembly recommendations for legislative action to implement the response to the request for information evaluated to be the most likely to be effective in reducing the unfunded state liabilities for pensions and for other retirement benefits.
This act shall take effect as follows and shall amend the following sections:
Section 1 from passage New section
This act shall take effect as follows and shall amend the following sections:
Section 1
from passage
New section
INS Joint Favorable Subst.
INS
Joint Favorable Subst.