AN ACT CONCERNING FLEXIBLE SPENDING ACCOUNTS.
AN ACT CONCERNING FLEXIBLE SPENDING ACCOUNTS.
1 of document(s) retrieved

General Assembly

Raised Bill No.

February Session, 2010

LCO No. 1298

*01298_______APP*

Referred to Committee on

Introduced by:

(APP)

AN ACT CONCERNING FLEXIBLE SPENDING ACCOUNTS.

Be it enacted by the Senate and House of Representatives in General Assembly convened:

Section 1. (NEW) (Effective July 1, 2010) The State Comptroller shall, from time to time, transfer from the Employers Social Security Tax account (1) an amount equal to any savings in said account resulting from employee participation in the flexible spending account programs established in sections 5-264b to 5-264e, inclusive, of the general statutes, and (2) the amount of any forfeitures in said flexible spending account programs to an account in a restrictive grant fund, for payment of the administrative costs of the flexible spending account programs.

This act shall take effect as follows and shall amend the following sections:

Section 1

July 1, 2010

New section

Statement of Purpose:

To allow the costs of state employee flexible spending account programs to be paid from program forfeitures and savings the state achieves in Social Security taxes.

[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not underlined. ]