Connecticut · 2025 Regular Session · Bill

SB 620: AN ACT MAKING THE CONNECTICUT RETIREMENT SECURITY PROGRAM AN OPT-IN PROGRAM, ESTABLISHING THE DEFAULT CONTRIBUTION RATE AS ZERO, REQUIRING THE COMPTROLLER TO BE A LICENSED SECURITY BROKER AND PROHIBITING THE COMPTROLLER FROM SCREENING OR CHOOSING INVESTMENT VEHICLES BASED ON ANY CRITERIA OTHER THAN THE NET RETURNS TO PARTICIPANTS.

In committee Last action January 15, 2025: REF. TO JOINT COMM. ON Labor and Public Employees

Plain-language summary

SB 620 is a bill introduced in the Connecticut Senate on January 15, 2025. According to its official title, it concerns: AN ACT MAKING THE CONNECTICUT RETIREMENT SECURITY PROGRAM AN OPT-IN PROGRAM, ESTABLISHING THE DEFAULT CONTRIBUTION RATE AS ZERO, REQUIRING THE COMPTROLLER TO BE A LICENSED SECURITY BROKER AND PROHIBITING THE COMPTROLLER FROM SCREENING OR CHOOSING INVESTMENT VEHICLES BASED ON ANY CRITERIA OTHER THAN THE NET RETURNS TO PARTICIPANTS. Most recent recorded action (January 15, 2025): REF. TO JOINT COMM. ON Labor and Public Employees.

Sponsors

No sponsor recorded in the official data.