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Quasi-public retirement savings program bill fate uncertain

Governor Malloy says he will veto a bill creating a quasi-public entity that would offer private sector employees a chance to get into a retirement savings program unless changes are made.  The bill was approved in the Senate only after Lt Governor Nancy Wyman cast a tie-breaking vote in favor of it. 


New Fairfield Representative Richard Smith says businesses can no longer thrive here.


State Comptroller Kevin Lembo doesn't think this would hurt private sector companies that offer these plans.


The House voted 76 to 63 in favor.  Danbury Representative David Arconti, Danbury Representative Bob Godfrey and Kent Representative Roberta Willis voted in favor of the bill. 


Among those opposed were Newtown Representative Mitch Bolinsky, Bethel Representative Dan Carter, Ridgefield Representative John Frey, Danbury Representative Jan Giegler, Brookfield Representative Steve Harding, Redding Representative John Shaban, Smith and Monroe Representative JP Sredzinski. 


New Milford Representative Cecilia Buck-Taylor did not vote.


All Greater Danbury area state Senators voted against the bill.

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