Have you heard about MyCTSavings? Staff from the Office of the State Comptroller will provide a 30-minute webinar on Thursday, September 19 at noon, to share information on MyCTSavings and answer your questions.  State law requires that employers with 5 or more employees that do not currently offer a retirement plan, either sign up for MyCTSavings or provide a qualified private retirement plan. 

MyCTSavings provides a retirement program that is free to the business and provides employees with the opportunity to save for retirement through payroll contributions in a Roth IRA. If your business has 5 or more employees, has been in business continuously for more than one year, and does not offer a retirement plan, you may have already received a notice to enroll.  Learn about your responsibilities as a business owner under state law, and how the program can benefit your employees and your business.

Businesses with fewer than 5 employees and have been in business for less than one full year, are not yet eligible.  Enrollment notices are sent annually, so as your business grows, you will be notified when it is time to enroll.

However, individuals who are self-employed or work for a company that does not participate in MyCTSavings can sign up as individuals, making contributions through a personal bank account instead of payroll.  Go to: myctsavings.com for details. 

REGISTER HERE