Pension Sustainability Commission

PA 17-2 June Special Session Sec. 180. (Effective from passage) (a) There is established a Connecticut Pension Sustainability Commission to study the feasibility of placing state capital assets in a trust and maximizing those assets for the sole benefit of the state pension system. Such commission shall (1) perform a preliminary inventory of state capital assets for the purpose of determining the extent and suitability of those assets for inclusion in such a trust; (2) study the potential impact that the inclusion and maximization of such state capital assets in such a trust may have on the unfunded liability of the state pension system; (3) make recommendations on the appropriateness of placing state assets in a trust and maximizing those assets for the sole benefit of the state pension system; (4) examine the state facility plan prepared pursuant to section 4b-23 of the general statutes and the inventories of state real property submitted pursuant to section 4-67g of the general statutes; and (5) if found to be appropriate by the members of the commission, make recommendations for any legislative or administrative action necessary for establishing a process to (A) create and manage such a trust, and (B) identify specific state capital assets for inclusion in such a trust.