General Assembly Proposed Bill No. 6908
January Session, 2017 LCO No. 2234
*02234*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. KLARIDES, 114th Dist. REP. CANDELORA, 86th Dist. REP. HOYDICK, 120th Dist. REP. O'DEA, 125th Dist. REP. O'NEILL, 69th Dist.
General Assembly
Proposed Bill No. 6908
January Session, 2017
LCO No. 2234
*02234*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. KLARIDES, 114th Dist.
REP. CANDELORA, 86th Dist.
REP. HOYDICK, 120th Dist.
REP. O'DEA, 125th Dist.
REP. O'NEILL, 69th Dist.
AN ACT CONCERNING A CONNECTICUT SMALL BUSINESS RETIREMENT MARKETPLACE.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That the general statutes be amended to repeal the state-administered retirement plan enacted under public act 16-29 and create, through federal and private funding, a Connecticut Small Business Retirement Marketplace for certain eligible employers that will be financially self-sustaining through assessments or user fees for financial firms that offer products through the marketplace.
Statement of Purpose:
To replace the current state-administered retirement system with a market-based opportunity for enhanced retirement savings based on the Washington state model.