OFFICE OF FISCAL ANALYSIS

Legislative Office Building, Room 5200

Hartford, CT 06106 (860) 240-0200

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

sHB-7161

AN ACT REQUIRING SERVICE PROVIDERS UNDER CERTAIN RETIREMENT PLANS TO DISCLOSE CONFLICTS OF INTEREST.

As Amended by House "A" (LCO 6509)

House Calendar No.: 131


OFA Fiscal Note

State Impact: None

Municipal Impact: None

Explanation

The bill does not result in a fiscal impact to the state or municipalities. State administered retirement plans are expressly excluded from the requirements of the bill. The disclosure requirements can be accommodated in annual plan documents provided by plan administrators.

House “A” eliminates the original bill and its associated fiscal impact and result in the fiscal impact stated above.

The Out Years

State Impact: None

Municipal Impact: None