Connecticut to Launch Pilot of Auto-IRA Program : vimarsana.

Connecticut to Launch Pilot of Auto-IRA Program


Government Affairs
The Connecticut Retirement Security Authority (CRSA) has announced the launch of a pilot of MyCTSavings, the state-run retirement savings program intended to provide coverage for private-sector employees whose employers do not offer them a plan. The pilot is slated to begin in September. 
The CRSA, a quasi-public agency headed by co-chairs State Comptroller Kevin Lembo and State Treasurer Denise Nappier, is the body that is responsible for implementing MyCTSavings. It was created by Public Act 16-29, codified in Conn. Gen. Stat. Chapter 574. 
The Pilot
Before the full MyCTSavings program is rolled out across the state, the CRSA is looking for interested employers to take part in an exclusive pilot of the program. The CRSA bills it as a chance to be one of the first to offer the program to employees and help influence the program for other business owners. 

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