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CT HB05420

Bill

Official Source

Status

Vetoed

6/3/2016

Primary Sponsor

Appropriations Committee

Click for details

Origin

House of Representatives

2016 General Assembly

AI Summary

  • Authorizes the Treasurer, with Investment Advisory Council advice and consent, to appoint a chief investment officer, deputy chief investment officer, and principal investment officers to manage Connecticut retirement pension and trust funds
  • Principal investment officers serve at the pleasure of the Treasurer with compensation determined by the Treasurer in consultation with the Investment Advisory Council
  • Exempts these officers' compensation from section 4-40 salary provisions
  • Permits the Treasurer to additionally appoint investment officers and other personnel to assist the chief investment officer as needed

Legislative Description

An Act Concerning Principal Investment Officers.

Last Action

In Concurrence

6/20/2016

Committee Referrals

Appropriations2/25/2016

Full Bill Text

No bill text available