Bill Summary: Raised Bill No. 1079

• Allows the executive director and unclassified employees of the Connecticut Airport Authority hired before the effective date to opt out of state retirement and group welfare benefits plans and instead participate in authority-developed plans.

• Requires all unclassified employees hired on or after the effective date to participate in authority-developed retirement and group welfare benefits plans rather than state plans.

• Mandates that the Connecticut Airport Authority develop and implement its own retirement and group welfare benefits plans for these employees.

• Exempts the authority's retirement plans from supervision and oversight by the State Employees Retirement Commission, Comptroller, Attorney General, and Insurance Commissioner.

• Makes the authority responsible for paying all costs, fees, contributions, and expenses associated with the retirement and group welfare benefits plans it develops.