In compliance with Connecticut Public Act 23-182, the Connecticut Comptroller’s Office has initiated a survey to collect information on retirement plans from municipalities across the state. The Act necessitates municipalities sponsoring these retirement plans to submit relevant data and documents to the Comptroller’s Office by September 1, 2023.
As reported by Pullman & Comley, LLC, the course of action was taken after an alert to the clients on July 14, 2023, about the impending requirement. Subsequently, on August 1, 2023, the office reached out to the 169 local governments in Connecticut with a letter, aiming to solicit the necessary retirement plan information through their responses.
Such information-gathering techniques are crucial for maintaining thorough oversight and ensuring that municipalities adhere to the legislation in place. It underscores the importance for local governments to keep comprehensive records and be prepared for such summons for data disclosure, particularly for matters that relate to financial tabulations.
As legal professionals, it’s essential to guide your corporation or firm regarding regulations such as the Public Act 23-182. It stands imperative to heed these regulations and employ due diligence in preparing for, and responding to, such requests for information.