CT SB00280

Secretary of the Office of Policy and Management shall request proposals from independent valuation service providers to valuate the Connecticut Lottery Corporation for a possible 30-year contribution to a state retirement systems trust fund.

Valuation report must assume no material changes to the corporation's operations and review its cash flows, operating history, legal structure, and projections, with submission to relevant General Assembly committees by November 1, 2019.

Secretary shall request actuarial services within 30 days of receiving the valuation report to assess the impact of contributing the corporation to the retirement trust fund on state retirement system funding and actuarially required contributions.

Actuarial impact report must be submitted to relevant General Assembly committees by February 1, 2020.