OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
SB-1420
AN ACT CONCERNING THE CONNECTICUT PARTNERSHIP FOR
LONG-TERM CARE.
Primary Analyst: JP 3/27/25
Contributing Analyst(s): AB
Reviewer: RW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 26 $ FY 27 $
Policy & Mgmt., Off. GF - Cost 430,000 125,000
State Comptroller - Fringe
Benefits
1
GF - Cost 50,888 50,888
Note: GF=General Fund
Municipal Impact: None
Explanation
The bill results in a cost of $430,000 in FY 26 and $125,000 in FY 27 to
the Office of Policy and Management (OPM) to cover consulting costs
and support one full-time position.
OPM requires an insurance actuary to produce the annual reports
regarding long-term care insurance policies, as the agency does not
possess staff with relevant expertise or collect data related to these
policies. This position will cost $130,000 in salary and related expenses
in FY 26, and $125,000 in FY 27. There will be a corresponding cost to
the State Comptroller of $50,888 in FY 26 and FY 27 for fringe benefits.
OPM will also require $300,000 in FY 26 to cover consulting costs
related to a different one-time report regarding long-term insurance
1
The fringe benefit costs for most state employees are budgeted centrally in accounts
administered by the Comptroller. The estimated active employee fringe benefit cost
associated with most personnel changes is 40.71% of payroll in FY 26. 2025SB-01420-R000381-FN.DOCX Page 2 of 2
policies.
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.