Connecticut Seal

General Assembly

 

Proposed Bill No. 731

 

January Session, 2013

 

LCO No. 2435

   

Referred to Committee on LABOR AND PUBLIC EMPLOYEES

 

Introduced by:

 

SEN. STILLMAN, 20th Dist.

REP. RITTER E., 38th Dist.

 

AN ACT ADJUSTING THE CONTRIBUTION RATE FOR MEMBERS OF THE MUNICIPAL EMPLOYEE RETIREMENT SYSTEM.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

That section 7-440 of the general statutes be amended to require an annual incremental increase in the contribution rate for members of the Municipal Employees' Retirement Fund until the annual contribution percentage of such members is equivalent to the rate of contribution assumed by the municipality under section 7-441 of the general statutes.

Statement of Purpose:

To increase the contribution rate for members of the municipal employee retirement system to be more commensurate with rates in the private sector.