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CT HB06910

Bill

Official Source

Status

Introduced

1/25/2017

Primary Sponsor

Steven Stafstrom

Click for details

Origin

House of Representatives

2017 General Assembly

AI Summary

  • Amends section 7-441 of the general statutes to allow municipalities to issue municipal employees' retirement system pension funding bonds.
  • Permits municipalities to use bond proceeds to fund all or a portion of their unfunded accrued liability to the municipal employees' retirement system.
  • Allows bond proceeds to cover costs related to the issuance of the bonds themselves.
  • Referred to the Committee on Labor and Public Employees during the January 2017 session.

Legislative Description

An Act Authorizing The Funding Of Unfunded Accrued Municipal Employees' Retirement System Liabilities By Municipalities.

Last Action

Change of Reference, Senate to Committee on Planning and Development

2/8/2017

Committee Referrals

Planning and Development2/8/2017
Labor and Public Employees1/25/2017

Full Bill Text

No bill text available