OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

http: //www.cga.ct.gov/ofa

SB-652

AN ACT CONCERNING SMALL BUSINESS RETIREMENT PLANS.

AMENDMENT

LCO No.: 4192

File Copy No.: 603

Senate Calendar No.: 399

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 09 $

Comptroller

GF - Savings

Indeterminate

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment limits the program to small employers with not more than ten employees. This may result in a saving in some of the startups costs associated with the program.

The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely for the purposes of information, summarization and explanation and does not represent the intent of the General Assembly or either chamber thereof for any purpose.