Connecticut Seal

General Assembly

File No. 192

    January Session, 2009

Substitute Senate Bill No. 925

Senate, March 25, 2009

The Committee on General Law reported through SEN. COLAPIETRO of the 31st Dist., Chairperson of the Committee on the part of the Senate, that the substitute bill ought to pass.

This act shall take effect as follows and shall amend the following sections:

Section 1

October 1, 2009

New section

Sec. 2

October 1, 2009

New section

Sec. 3

July 1, 2009

3-56a(5)

Sec. 4

July 1, 2009

42-460

GL

Joint Favorable Subst.

 

Agency Affected

Fund-Effect

FY 10 $

FY 11 $

Consumer Protection, Dept.

GF - Cost

285,000

285,000

Consumer Protection, Dept.

GF - Revenue Gain

Potential

Potential

Consumer Protection, Dept.

RMOF - Revenue Gain

up to 500,000

up to 500,000

State Comptroller - Fringe Benefits1

GF - Cost

165,000

165,000

Yea

10

Nay

9

(03/10/2009)

TOP

1 The fringe benefit costs for state employees are budgeted centrally in the Miscellaneous Accounts administered by the Comptroller on an actual cost basis. The following is provided for estimated costs associated with additional personnel. The estimated non-pension fringe benefit rate as a percentage of payroll is 25.43%. Fringe benefit costs for new positions do not initially include pension costs as the state's pension contribution is based upon the 6/30/08 actuarial valuation for the State Employees Retirement System (SERS) which certifies the contribution for FY 10 and FY 11. Therefore, new positions will not impact the state's pension contribution until FY 12 after the next scheduled certification on 6/30/2010.