(a) Not later than July 1, 2023, and annually thereafter, the State Treasurer, in consultation with the Connecticut State Firefighters Association, shall submit a report to the advisory committee established pursuant to section 7-313q on the status of the firefighters cancer relief account established pursuant to section 7-313h and the firefighters cancer relief program established pursuant to section 7-313j. Such report shall include (1) the balance of the account, (2) the projected and actual participation in the program, and (3) the demographic information of each firefighter who receives benefits pursuant to such program, including gender, age, town of residence and income level.

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(b) If the State Treasurer determines that the firefighters cancer relief account is approaching insolvency, the State Treasurer shall provide notice to (1) all municipalities currently providing compensation pursuant to section 7-313p, (2) the Governor’s office, (3) the Workers’ Compensation Commission, and (4) the joint standing committee of the General Assembly having cognizance of matters relating to labor and public employees.