Bill Text: CT SB00109 | 2015 | General Assembly | Introduced

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Bill Title: An Act Concerning State Employees And An Optional Defined Contribution Retirement System.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-16 - Referred to Joint Committee on Labor and Public Employees [SB00109 Detail]

Download: Connecticut-2015-SB00109-Introduced.html

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General Assembly		Proposed Bill No. 109
January Session, 2015		LCO No. 1369
		*01369*
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
SEN. LINARES, 33rd Dist.

AN ACT CONCERNING STATE EMPLOYEES AND AN OPTIONAL DEFINED CONTRIBUTION RETIREMENT SYSTEM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That the general statutes be amended to allow all state employees the option of participating in a privately administered defined contribution benefit retirement plan in lieu of the current defined benefit system.

Statement of Purpose:

To allow state employees the option to choose private retirement plan over the current pension system.