CT HB06148

Labor Commissioner shall conduct a study on pension derisking transactions, which occur when retiree pension benefits are transferred from an Employee Retirement Income Security Act (ERISA)-protected pension plan to an alternative pension benefit provider such as an insurance company licensed in the state.

Study shall examine the effects of these pension derisking transactions on retirees and pension plans.

Labor Commissioner shall submit findings and recommendations to the joint standing committee on labor and public employees on or before October 1, 2014.

Legislation takes effect October 1, 2013.