Bill Text: CT HB06148 | 2013 | General Assembly | Comm Sub

Connecticut House Bill 6148 (Prior Session Legislation)

Bill Title: An Act Concerning Pension Derisking.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2013-04-10 - Tabled for the Calendar, House [HB06148 Detail]

Download: Connecticut-2013-HB06148-Comm_Sub.html


General Assembly		*Committee Bill No. 6148*
*January Session, 2013*		LCO No. 4530
		_____HB06148INS___041013____
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
(LAB)

AN ACT CONCERNING PENSION DERISKING.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (Effective October 1, 2013) The Labor Commissioner shall conduct a study on the effects of pension derisking transactions which occur when a retiree's pension benefits are transferred from a pension plan protected under the Employee Retirement Income Security Act of 1974 to a substitute pension benefit provider such as an insurance company licensed in the state. On or before October 1, 2014, the commissioner shall report, in accordance with section 11-4a of the general statutes, his or her findings and recommendations to the joint standing committee of the General Assembly having cognizance of matters relating to labor and public employees.