Connecticut Seal

General Assembly

File No. 276

    February Session, 2014

Senate Bill No. 249

Senate, April 2, 2014

The Committee on Labor and Public Employees reported through SEN. HOLDER-WINFIELD of the 10th Dist., Chairperson of the Committee on the part of the Senate, that the bill ought to pass.

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

Section 1

July 1, 2014

New section

Sec. 2

July 1, 2014

New section

Sec. 3

July 1, 2014

New section

Sec. 4

July 1, 2014

New section

Sec. 5

July 1, 2014

New section

Sec. 6

July 1, 2014

New section

Sec. 7

July 1, 2014

New section

Sec. 8

July 1, 2014

New section

Sec. 9

July 1, 2014

New section

Sec. 10

July 1, 2014

New section

Sec. 11

July 1, 2014

New section

Sec. 12

July 1, 2014

New section

Sec. 13

July 1, 2014

New section

Sec. 14

July 1, 2014

New section

Sec. 15

July 1, 2014

New section

Sec. 16

July 1, 2014

New section

Sec. 17

July 1, 2014

New section

Sec. 18

from passage

3-13c

LAB

Joint Favorable

 

Agency Affected

Fund-Effect

FY 15 $

FY 16 $

Revenue Serv., Dept.

GF - Potential Revenue Loss

66.1 million to 165.2 million

66.1 million to 165.2 million

Labor Dept.

GF - Potential Cost

Zero to 75,000

Zero to 75,000

State Comptroller - Fringe Benefits1

GF - Potential Cost

Zero to 27,495

Zero to 27,495

Comptroller

GF - Potential Cost

Up to 2.4 million

Up to 8 million

Treasurer

Connecticut Retirement Security Trust Fund - Revenue Gain

None

See Below

Yea

7

Nay

3

(03/18/2014)

TOP

1 The fringe benefit costs for most state employees are budgeted centrally in accounts administered by the Comptroller. The estimated active employee fringe benefit cost associated with most personnel changes is 36.66% of payroll in FY 15 and FY 16.

2 The lower estimate assumes the minimum 2.0% default contribution rate and the higher estimate assumes the maximum 5.0% default contribution rate.