CT SB00360

State Comptroller shall transfer savings from the Employers Social Security Tax account resulting from employee flexible spending account participation to a restrictive grant fund, effective July 1, 2010.

Forfeitures from flexible spending account programs shall be transferred to the restrictive grant fund for payment of administrative and program costs.

State Comptroller may temporarily transfer amounts equal to employee yearly contributions from the Employers Social Security Tax account to the restrictive grant fund, with reimbursement required within 18 months.

The flexible spending account programs are established under sections 5-264b to 5-264e of the general statutes.