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SB 325 Connecticut Senate · 2025 Regular Session

AN ACT CONCERNING INDEPENDENT REVIEW OF THE INVESTMENT PERFORMANCE OF THE STATE'S PENSION FUNDS.

SB 325 requires the state to hire a private advisory firm annually to independently review how well the state's pension funds are performing. This review must compare the state's investment results against those of pension funds in other states. The bill directly affects the state's pension funds by mandating this external performance analysis. The key mechanism is the annual request for proposals to select a firm for this comparative review, with no changes to pension fund operations or benefits.
Issues: ✓ Budget & TaxesSupports Budget & TaxesMandates annual independent review of pension fund performance against peer states, promoting fiscal responsibility in state investment management per topic indicators.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2025 Last action Jan 9, 2025
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Total actions
1
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Committee
1
Jan 9, 2025
Committee
REF. TO JOINT COMM. ON Finance, Revenue and Bonding
upper
0 primary · 0 co-sponsors

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