Connecticut legislation · 2025 General Assembly
Connecticut SB1557: AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION
Status: Introduced, April 9, 2025
AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.
What the bill says
An act establishing the investment board and concerning independent review of the investment performance of the state's pension funds. assembly convened.
From the introduced text:
AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS. Assembly convened: Section 1. Section 3-12a of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2027): In addition to the appointments [authorized] by the Investment Board under section 3-13a, as amended by this act, the Treasurer may appoint, as the Treasurer determines is necessary, officers and other investment-related personnel in [other] divisions of the office of the Treasurer other than the investment department, with the approval of the Commissioner of Administrative Services and the Secretary of the Office of Policy and Management. [Such officers and investment-related personnel shall serve at the pleasure of the Treasurer.] Sec. 2. Section 3-13a of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2027): LCO No. 7064 1 of Raised Bill No. 1557 (a) (1) The [Treasurer, with the advice and consent of the Investment Advisory Council] Investment Board established pursuant to subsection (b) of section 3-13b, as amended by this act, shall appoint a chief investment officer and may appoint a deputy chief investment officer, principal investment officers, investment officers and other personnel to assist the chief investment officer, for the Connecticut retirement pension and trust funds, who shall …
Sponsors
- Ryan Fazio (R, 36) · primary sponsor
Latest actions
- : Motion Failed JF
- : Public Hearing 04/14
- : Referred to Joint Committee on Finance, Revenue and Bonding
Common questions
- What is SB1557?
- SB1557 is a bill in the Connecticut Legislature (2025 General Assembly): AN ACT ESTABLISHING THE INVESTMENT BOARD AND CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION .
- What does SB1557 do?
- In its own words: An act establishing the investment board and concerning independent review of the investment performance of the state's pension funds. assembly convened.
- What is the status of SB1557?
- Introduced as of April 9, 2025. Latest action: Motion Failed JF (April 24, 2025).
- Who sponsored SB1557?
- Ryan Fazio (R, 36).
- Where is the official record for SB1557?
- On the Connecticut Legislature website: https://www.cga.ct.gov/asp/cgabillstatus/cgabillstatus.asp?selBillType=Bill&bill_num=SB01557&which_year=2025
Source: official Connecticut record. Tracked by Delilah, AI for legislation across all 50 states and Congress.