LCO No. 2165 1 of 1
General Assembly Proposed Bill No. 671
January Session, 2021
LCO No. 2165
Referred to Committee on PLANNING AND DEVELOPMENT
Introduced by:
SEN. CABRERA, 17th Dist.
SEN. HARTLEY, 15th Dist.
REP. REBIMBAS, 70th Dist.
REP. LABRIOLA, 131st Dist.
(By Request)
AN ACT AUTHORIZING THE BOROUGH OF NAUGATUCK TO ISSUE
PENSION DEFICIT FUNDING BONDS.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:
That the general statutes be amended to authorize the borough of 1
Naugatuck to issue an additional series of pension deficit funding bonds 2
to fund the unfunded past benefit obligations of its pension fund for fire 3
employees and pension fund for borough employees, in an amount not 4
to exceed its unfunded past benefit obligations as determined by an 5
actuarial valuation and the payment of costs related to the issuance of 6
such bonds. 7
Statement of Purpose:
To authorize the borough of Naugatuck to issue an additional series of
pension deficit funding bonds.