OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sSB-652

AN ACT CONCERNING SMALL BUSINESS RETIREMENT PLANS.

AMENDMENT

LCO No.: 5601

File Copy No.: 603

House Calendar No.: 459

Senate Calendar No.: 399

OFA Fiscal Note

State Impact:

Agency Affected

Fund-Effect

FY 09 $

State Comptroller

GF - Savings

Indeterminate

Note: GF=General Fund

Municipal Impact: None

Explanation

The amendment defines small employer as an employer with not more than ten employees. This will result in an indeterminate savings in the state's administrative costs from limiting participation in 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.