OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
AN ACT CONCERNING SMALL BUSINESS RETIREMENT PLANS.
LCO No.: 5773
File Copy No.: 603
House Calendar No.: 459
Senate Calendar No.: 399
OFA Fiscal Note
The amendment makes employers with up to 1, 000 employees eligible for the program. This will significantly increase the state's administrative costs associated with the program in an amount that cannot be determined at this time. The amendment also requires that the administrator of the program provide specified customer services at no cost to the employer or employee. It is unclear how this provision will impact 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.