Researcher: MGS Page 1 4/7/21
OLR Bill Analysis
sHB 6375
AN ACT CONCERNING THE UNFUNDED PENSION LIABILITY
PORTION OF THE FRINGE BENEFIT COST FOR EMPLOYEES OF
THE CONSTITUENT UNITS OF THE STATE SYSTEM OF HIGHER
EDUCATION.
SUMMARY
This bill requires the state comptroller to fund the unfunded
pension liability portion of UConn’s, the Connecticut State
Universities’, the community colleges’, and Charter Oak State
Colleges’ fringe benefit costs beginning in FY 21. It limits this funding
to costs related to employees who are compensated through resources
outside of the General Fund.
The bill also specifies that it does not change the comptroller’s
funding of these institutions’ fringe benefits costs for employees who
are compensated through the General Fund using appropriations for
the State Comptroller-Fringe Benefits in the state budget.
EFFECTIVE DATE: Upon passage
COMMITTEE ACTION
Higher Education and Employment Advancement Committee
Joint Favorable Substitute
Yea 22 Nay 0 (03/22/2021)