Sec. 31-51s. Notice to retired employees of sale of employer's business and effect on retirement benefits.
Sec. 31-51s. Notice to retired employees of sale of employer's business and
effect on retirement benefits. At least thirty days prior to the intended date of sale of
any business in this state which (1) employs twenty-five or more employees and (2) has
retirees from such employment who are receiving health or life insurance benefits, or
both, from such former employer, the chief executive of such business shall mail or
deliver to each such retiree written notice stating what the status of the retiree's health
and life insurance benefits will be after such sale. A copy of such notice shall be mailed
or delivered at the same time to the Labor Commissioner.
(P.A. 87-548.)