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.: 5855

File Copy No.: 603

House Calendar No.: 459

Senate Calendar No.: 399

OFA Fiscal Note

See Below

There could be significant cost to the state associated with obtaining performance bond or general liability insurance. The program is to be administered by a third party so the state would not be liable for claims relating to mismanagement.

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.