
Connecticut Tightens Enforcement of MyCTSavings Retirement Program
Connecticut employers, take note: Public Act No. 25-30/S.B. No. 1221 (“An Act Making Changes to the Connecticut Retirement Security Program”), effective July 1, 2025, has introduced a new enforcement framework for the MyCTSavings retirement program and with it, financial consequences for noncompliance.
On March 24, 2022, Connecticut launched the MyCTSavings state-run retirement program. Employers with five or more employees must register with the state comptroller’s office to either enroll in the program or certify that their employer-sponsored plan meets the required standards.
On March 24, 2022, Connecticut launched the MyCTSavings state-run retirement program. Employers with five or more employees must register with the state comptroller’s office to either enroll in the program or certify that their employer-sponsored plan meets the required standards.