Bill Text: CT SB00569 | 2011 | General Assembly | Introduced

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Bill Title: An Act Prohibiting Cost-of-living Allowances For Retired State Employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2011-01-21 - Referred to Joint Committee on Appropriations [SB00569 Detail]

Download: Connecticut-2011-SB00569-Introduced.html

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General Assembly		Proposed Bill No. 569
January Session, 2011		LCO No. 959
Referred to Committee on Appropriations
Introduced by:
SEN. BOUCHER, 26th Dist.

AN ACT PROHIBITING COST-OF-LIVING ALLOWANCES FOR RETIRED STATE EMPLOYEES.

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

That the general statutes be amended to prohibit cost-of-living allowances for retired state employees in any year in which the State Employees Retirement Fund has negative investment earnings.

Statement of Purpose:

To require state pension investments to realize an increase in order to give cost-of-living increases to retired state employees.