Old | New | Differences | |
---|---|---|---|
1 | 1 | General Assembly Proposed Bill No. 6466 | |
2 | 2 | January Session, 2017 LCO No. 1954 | |
3 | 3 | *01954* | |
4 | 4 | Referred to Committee on PLANNING AND DEVELOPMENT | |
5 | 5 | Introduced by: | |
6 | 6 | REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. O'DEA, 125th Dist. REP. O'NEILL, 69th Dist. | |
7 | 7 | ||
8 | 8 | General Assembly | |
9 | 9 | ||
10 | 10 | Proposed Bill No. 6466 | |
11 | 11 | ||
12 | 12 | January Session, 2017 | |
13 | 13 | ||
14 | 14 | LCO No. 1954 | |
15 | 15 | ||
16 | 16 | *01954* | |
17 | 17 | ||
18 | 18 | Referred to Committee on PLANNING AND DEVELOPMENT | |
19 | 19 | ||
20 | 20 | Introduced by: | |
21 | 21 | ||
22 | 22 | REP. KLARIDES, 114th Dist. | |
23 | 23 | ||
24 | 24 | REP. CANDELORA, 86th Dist. | |
25 | 25 | ||
26 | 26 | REP. HOYDICK, 120th Dist. | |
27 | 27 | ||
28 | 28 | REP. O'DEA, 125th Dist. | |
29 | 29 | ||
30 | 30 | REP. O'NEILL, 69th Dist. | |
31 | 31 | ||
32 | 32 | AN ACT CONCERNING THE MUNICIPAL EMPLOYEE RETIREMENT SYSTEM. | |
33 | 33 | ||
34 | 34 | Be it enacted by the Senate and House of Representatives in General Assembly convened: | |
35 | 35 | ||
36 | 36 | That the general statutes be amended to require that (1) any municipal employee who is a member of the municipal employees' retirement system and was hired on or after July 1, 2016, participate in a municipal employee defined contribution plan for which the State Comptroller shall establish a contribution schedule, in lieu of any defined benefit retirement program, and (2) the State Comptroller establish a voluntary process for municipal employees hired prior to or on June 30, 2016, to convert from a defined benefit retirement program to the municipal employee defined contribution plan. | |
37 | 37 | ||
38 | 38 | Statement of Purpose: | |
39 | 39 | ||
40 | 40 | To provide relief to municipalities. |