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CT SB00008
Bill
Status
2/9/2022
Primary Sponsor
Higher Education and Employment Advancement Committee
Click for details
AI Summary
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Comptroller shall fund the unfunded pension liability portion of fringe benefit costs for state system of higher education employees compensated through non-General Fund resources, beginning fiscal year 2023 and thereafter.
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Comptroller shall fund the retiree pension and retiree health care liability portion of fringe benefit costs for all state system of higher education employees, beginning fiscal year 2023 and thereafter.
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Funding for these fringe benefits shall be drawn from resources appropriated for the State Comptroller-Fringe Benefits account.
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Existing funding arrangements for General Fund-compensated employees remain unchanged by this legislation.
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Effective date is July 1, 2022.
Legislative Description
An Act Concerning The Unfunded Pension Liability Portion And The Retiree Pension And The Retiree Health Care Liability Portion Of The Fringe Benefit Cost For Employees Of The Constituent Units Of The State System Of Higher Education.
Last Action
Favorable Change of Reference, House to Committee on Appropriations
3/8/2022