General Assembly Proposed Bill No. 6910
January Session, 2017 LCO No. 2443
*02443*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. STAFSTROM, 129th Dist. REP. HENNESSY, 127th Dist. REP. ROSARIO, 128th Dist. REP. STALLWORTH, 126th Dist. REP. SANTIAGO, 130th Dist. REP. BAKER, 124th Dist. SEN. MOORE, 22nd Dist. SEN. GOMES, 23rd Dist.
General Assembly
Proposed Bill No. 6910
January Session, 2017
LCO No. 2443
*02443*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
REP. STAFSTROM, 129th Dist.
REP. HENNESSY, 127th Dist.
REP. ROSARIO, 128th Dist.
REP. STALLWORTH, 126th Dist.
REP. SANTIAGO, 130th Dist.
REP. BAKER, 124th Dist.
SEN. MOORE, 22nd Dist.
SEN. GOMES, 23rd Dist.
AN ACT AUTHORIZING THE FUNDING OF UNFUNDED ACCRUED MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM LIABILITIES BY MUNICIPALITIES.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That section 7-441 of the general statutes be amended to permit municipalities to authorize and issue municipal employees' retirement system pension funding bonds to fund (1) all or a portion of such municipality's unfunded accrued liability to the municipal employees' retirement system, and (2) the payment of costs related to the issuance of such bonds.
Statement of Purpose:
To permit municipalities to authorize and issue municipal employees' retirement system pension funding bonds.