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School Stats-2

School Stats-2

Proposed bill would place 30 percent “forwarding fee” on out-of-state pension payments

One in five pension checks for retired Connecticut state employees are mailed out of state, according to October figures provided by the state comptroller’s office. Every month more than $25 million in pension payments goes out of state but a proposed bill in the General Assembly would impose a 30 percent “forwarding fee” on those funds.

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Testimony on House Bill 7142

Submitted by Isabel Blank February 25, 2019.

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Marc E. Fitch

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