Bill Text: CT SB00731 | 2013 | General Assembly | Introduced

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Bill Title: An Act Adjusting The Contribution Rate For Members Of The Municipal Employee Retirement System.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2013-01-28 - Referred to Joint Committee on Labor and Public Employees [SB00731 Detail]

Download: Connecticut-2013-SB00731-Introduced.html

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General Assembly		Proposed Bill No. 731
January Session, 2013		LCO No. 2435
Referred to Committee on LABOR AND PUBLIC EMPLOYEES
Introduced by:
SEN. STILLMAN, 20th Dist. REP. RITTER E., 38th Dist.

AN ACT ADJUSTING THE CONTRIBUTION RATE FOR MEMBERS OF THE MUNICIPAL EMPLOYEE RETIREMENT SYSTEM.

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

That section 7-440 of the general statutes be amended to require an annual incremental increase in the contribution rate for members of the Municipal Employees' Retirement Fund until the annual contribution percentage of such members is equivalent to the rate of contribution assumed by the municipality under section 7-441 of the general statutes.

Statement of Purpose:

To increase the contribution rate for members of the municipal employee retirement system to be more commensurate with rates in the private sector.