Connecticut 2015 Regular Session

Connecticut Senate Bill SB00079 Compare Versions

Only one version of the bill is available at this time.
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11 General Assembly Proposed Bill No. 79
22 January Session, 2015 LCO No. 871
33 *00871*
44 Referred to Committee on APPROPRIATIONS
55 Introduced by:
66 SEN. MARTIN, 31st Dist.
77
88 General Assembly
99
1010 Proposed Bill No. 79
1111
1212 January Session, 2015
1313
1414 LCO No. 871
1515
1616 *00871*
1717
1818 Referred to Committee on APPROPRIATIONS
1919
2020 Introduced by:
2121
2222 SEN. MARTIN, 31st Dist.
2323
2424 AN ACT CONCERNING A DEFINED CONTRIBUTION RETIREMENT PLAN FOR CERTAIN NEWLY-HIRED STATE AND MUNICIPAL EMPLOYEES.
2525
2626 Be it enacted by the Senate and House of Representatives in General Assembly convened:
2727
2828 That the general statutes be amended to require all newly-hired state and municipal employees who will participate in a state-administered pension plan to be enrolled in a defined contribution benefit plan rather than the current defined benefit system.
2929
3030 Statement of Purpose:
3131
3232 To achieve financial relief on pension burdens by requiring certain newly-hired state and municipal employees to participate in a defined contribution pension plan.