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.: 4193

File Copy No.: 603

Senate Calendar No.: 399

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 09 $

FY 10 $

Department of Economic & Community Development

GF - Cost

Potential

Potential

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment requires the Department of Economic and Community Development to conduct a study of tax qualified defined contribution retirement programs. The agency may require outside expertise to conduct this study which could require additional resources. The extent of the potential is unknown at this time.

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.