Connecticut 2021 Regular Session

Connecticut House Bill HB05741 Compare Versions

Only one version of the bill is available at this time.
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33 LCO No. 2355 1 of 1
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55 General Assembly Proposed Bill No. 5741
66 January Session, 2021
77 LCO No. 2355
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1010 Referred to Committee on AGING
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1313 Introduced by:
1414 REP. PHIPPS, 100th Dist.
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1818 AN ACT ESTABLISHING A PROGRAM TO PROVIDE FINANCIAL
1919 SUPPORT TO RETIREMENT-AGE RESIDENTS.
2020 Be it enacted by the Senate and House of Representatives in General
2121 Assembly convened:
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2323 That the general statutes be amended to establish a program 1
2424 pursuant to which three thousand six hundred dollars is invested on 2
2525 behalf of each child born in the state on and after January 1, 2031, and 3
2626 held in trust until the beneficiary's sixty-fourth birthday, at which point 4
2727 such funds may be used by the beneficiary as retirement income or to 5
2828 purchase a primary residence in the state, pay off educational debts or 6
2929 pay the beneficiary's in-state tuition, provided the beneficiary maintains 7
3030 a primary residence in the state. 8
3131 Statement of Purpose:
3232 To establish a program to provide financial support to retirement-age
3333 residents.