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News from State Senate President Pro Tempore Martin Looney
     

May 11, 2016

Capitol address
Legislative Office Building
Room 3300
Hartford, CT 06106-1591

E-mail me here

On the Web
www.SenatorLooney.cga.ct.gov

Phone
Capitol: 860-240-0375
Toll-free: 1-800-842-1420
 

A Secure Retirement for Connecticut's Workers

Last week, I helped lead Senate passage of legislation creating a retirement savings program for the estimated 600,000 Connecticut residents who do not have a retirement savings plan available to them through their employer.

Far too many Connecticut residents are approaching retirement without adequate savings. While Social Security has lifted many senior citizens out of abject poverty, it does not in fact provide a decent living for those with no other source of retirement income. This problem will become one of extraordinary urgency as more and more children of the baby boom reach retirement age.

The legislation creates a program in which employees would make voluntary contributions which will be deposited into a professionally-managed retirement fund. All workers will be provided the chance to enroll in a retirement savings program.

Employers would not bear any fiduciary responsibility or financial burden and would not be required to pay administrative fees. The program is designed to be self-sustaining and low-risk.
 

Fighting Connecticut's Opioid Crisis

pil lbottleHeroin and prescription drug overdoses are claiming more lives in Connecticut every year. Expanding access to Narcan is an important step in this public health crisis. Allowing more first responders to carry Narcan will save lives.

The Connecticut General Assembly acted to pass legislation that will impact the state's opioid crisis. The legislation will improve access to Naloxone, often known as Narcan, a medication that is used to treat opioid overdose; cap first-time painkiller prescriptions to a seven-day supply; strengthen the prescription monitoring program; and release health care professionals and Good Samaritans from liability when they administer an opioid antagonist, such as Narcan, to treat an overdose.
 

Supporting Minority-Owned Businesses

Senator Looney with Fairhaven business
Since the Great Recession, Connecticut began offering programs that provide funding and other assistance to small businesses. Last week, I supported a new law to ensure that small, minority-owned businesses receive funding through these programs so as to maintain their growth and success in Connecticut's underserved communities.

Specifically, this law establishes up to two new loan funds within the Small Business Express program to provide loans to eligible small minority-owned businesses. The Department of Economic and Community Development will be required to provide grants to two eligible minority business development entities. The development entities will administer the funds and review and approve loans to minority-owned businesses.

Our local economies grow thanks to the strength of our small businesses. Now with this new law we will make sure government support reaches all small businesses in all our communities.
 

 
 

You're receiving this newsletter because you either opted in via e-mail or on my website, or you've been in touch with me or my office regarding an issue or issues of importance to you.

My mailing address is:
Senator Martin Looney, Legislative Office Building, Room 3300, Hartford, Connecticut 06106
Capitol telephone: 860-240-0375, or Toll-free: 1-800-842-1420

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