General Assembly Proposed Bill No. 245
January Session, 2013 LCO No. 1283
Referred to Committee on APPROPRIATIONS
Introduced by:
SEN. FRANTZ, 36th Dist. SEN. MARKLEY, 16th Dist.
General Assembly
Proposed Bill No. 245
January Session, 2013
LCO No. 1283
Referred to Committee on APPROPRIATIONS
Introduced by:
SEN. FRANTZ, 36th Dist.
SEN. MARKLEY, 16th Dist.
AN ACT CONCERNING PENSION PRESERVATION.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to reduce the assumed rate of return on investments in the State Employees Retirement Fund to the federally-mandated level, require all new state employees to participate in a defined contribution benefit plan and study the current benefit and contribution levels in the state employees retirement system to safeguard the system for future retirees.
Statement of Purpose:
To enact the Pension Preservation Act to safeguard retirement benefits for future state retirees.