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CT HB05015

Bill

Official Source

Status

Introduced

1/9/2013

Primary Sponsor

Jeffrey Berger

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Creates a Public Employee Benefit Solvency Authority as a quasi-public entity to address state pension obligations
  • Authority will contract with a state-licensed insurance company to provide individual universal life insurance policies for state employees
  • Pension fund moneys may be used to purchase insurance premiums, with policy benefits returning to the pension fund
  • Establishes a mechanism designed to help fund and improve the solvency of the state's pension obligations

Legislative Description

An Act Concerning Public Employees' Pensions Solvency.

Last Action

Change of Reference, Senate to Committee on Insurance and Real Estate

1/25/2013

Committee Referrals

Insurance and Real Estate1/24/2013
Commerce1/9/2013

Full Bill Text

No bill text available