Connecticut SB 380: AN ACT CONCERNING A STUDY OF A PENSION BUYOUT PLAN FOR STATE EMPLOYEES.
Status: REF. TO JOINT COMM. ON Appropriations (as of 2025-01-09)
State: Connecticut · Session: 2025 · Bill: SB 380
Subjects: Pensions, Policy and Management, Office of, State employee retirement
Bill Text
LCO 1 of 6 General Assembly Substitute Bill No. 380 February Session, 2026 AN ACT IMPLEMENTING THE RECOMMENDATIONS OF THE TASK FORCE TO SUPPORT PROMISE PROGRAMS IN THE STATE. Be it enacted by the Senate and House of Representatives in General Assembly convened: Section 1. (NEW) (Effective July 1, 2026) (a) As used in this section, 1 "promise program" means a scholarship program that provides a 2 scholarship in conjunction with services and resources, including, but 3 not limited to, mentoring, peer support networks and internships, to 4 scholarship recipients to ensure the postsecondary academic success of 5 such recipients. 6 (b) (1) Not later than September 1, 2026, and annually thereafter, the 7 Office of Higher Education shall provide a grant to each promise 8 program in the state that was established during or prior to the previous 9 fiscal year. Such grant shall be in an amount equal to three thousand 10 dollars per student enrolled in such promise program. 11 (2) Not later than July 1, 2027, and annually thereafter, each promise 12 program that receives a grant pursuant to subdivision (1) of this 13 subsection shall report to the Office of Higher Education the rate of 14 graduation, postsecondary program enrollment and job placement 15 achieved by the students enrolled in such promise program during the 16 fiscal year in which such grant was received. 17 Substitute Bill No. 380 LCO 2 of 6 (c) The Office of Higher Education shall establish a program to 18 support the establishment of new promise programs throughout the 19 state, with a goal of establishing eight new promise programs not later 20 than January 1, 2031, prioritizing the establishment of promise 21 programs that serve students in alliance districts, as defined in section 22 10-262u of the general statutes. The office shall coordinate with 23 municipalities and regional coalitions interested in establishing new 24 promise programs. The office shall support each new promise program 25 through the provision of (1) funding, in an amount designated by the 26 commissioner of said office, for the start-up expenses of such promise 27 program, and (2) technical assistance to start such promise program, 28 including, but not limited to, (A) initial funding strategies, (B) 29 stakeholder engagement, including, but not limited to, with each local 30 or regional board of education, legislative body and local nonprofit 31 organization and business of the municipality or region in which such 32 new promise program is located, (C) program design based on the local 33 environment, (D) development of evaluation metrics, and (E) 34 sustainability planning. The office shall hire a consultant with expertise 35 in the development and operation of promise programs to implement 36 the provisions of this subsection. 37 (d) Not later than January 1, 2027, and annually thereafter until 38 January 1, 2031, or until the establishment of eight new promise 39 programs, whichever is earlier, the Office of Higher Education shall 40 submit, in accordance with the provisions of section 11-4a of the general 41 statutes, to the joint standing committee of the General Assembly 42 having cognizance of matters relating to higher education and 43 employment advancement a progress report from the consultant hired 44 pursuant to subsection (c) of this section on the establishment of new 45 promise programs in the state. 46 Sec. 2. (NEW) (Effective July 1, 2026) (a) As used in this section: 47 (1) "Net cost of attendance" means the rate of tuition and required 48 fees that are established by an institution of higher education for the 49 academic year commencing with the fall semester of 2026, minus an 50 Substitute Bill No. 380 LCO 3 of 6 average amount of financial aid received by a student in such student's 51 income bracket; 52 (2) "Financial aid" means the sum of all scholarships, grants and 53 federal, state and institutional aid received each academic year by a 54 qualifying student. "Financial aid" does not include any federal, state or 55 private student loans received by a qualifying student; 56 (3) "Qualifying student" means any person who (A) is a resident of 57 the state, (B) attended from grades nine to twelve, inclusive, and 58 graduated from a public or nonpublic high school in the state, with a 59 cumulative attendance rate of not less than ninety per cent, (C) enrolls, 60 not more than one year after graduating from such high school, as a full-61 time student for the academic year commencing with the fall semester 62 of 2026, or any academic year thereafter, at an institution of higher 63 education in a program leading to a bachelor's degree, (D) is making 64 satisfactory academic progress while enrolled at such institution, (E) 65 maintains good academic standing, as determined by such institution, 66 while enrolled at such institution, (F) has completed the Free 67 Application for Federal Student Aid, and (G) has accepted all available 68 financial aid;
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