CT HB05418

Amends Section 3-13b of the general statutes to require the Investment Advisory Council to establish the anticipated rate of return for investments in state retirement plans, including the state employees retirement system, municipal employees' retirement system, teachers' retirement system, and all other state retirement and pension plans.

The established rate of return shall be used for conducting actuarial analyses and valuations of retirement systems and plans, including analyses required under Section 5-156a.

Maintains the existing Investment Advisory Council structure consisting of the Secretary of the Office of Policy and Management, State Treasurer, five public members appointed by state officials, and representatives from teachers' unions and state employees' unions.

Effective upon passage of the legislation.