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Office of State Comptroller News
Sean Scanlon
165 Capitol Ave.,
Hartford, CT 06106
Tel: (860) 702-3300
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MyCTSavings Deadline August 31
August 6, 2026
Employers that are now eligible for the MyCTSavings program received enrollment notices beginning in mid-July. The deadline to register at myctsavings.com is August 31. State law requires that employers with 5 or more full-time and part-time employees must either enroll in MyCTSavings or adopt another qualified retirement option, such as a 401(k), 403(b) or a SEP.Notices from MyCTSavings via our contracted administrator Vestwell will include a log-in access code to make it easy for employers to register and enroll their employees. MyCTSavings is free to employers and simple to administer. More than 60 payroll providers now integrate with MyCTSavings, making it even easier to offer the program. Visit myctsavings.com to sign up, for more program details, FAQs, how-to videos and webinars.
Once an employer enrolls, MyCTSavings will contact employees about their options so they can begin saving for retirement through payroll contributions. Employees can opt-out of the program and re-enroll at any time.
Employers that previously received enrollment notices and did not respond are still required to register at myctsavings.com to avoid financial penalties in the future. If an employer already offering a qualified retirement plan receives a notice, they can certify their exemption at myctsavings.com, to be removed from the list.
Nearly 40,000 employees are saving for retirement through MyCTSavings, including many part-time workers who save through multiple employers. Giving your employees the opportunity to save is valuable and can help your business hire and retain staff.
Member News is provided as a service of the Midstate Chamber of Commerce and is also featured in the monthly "Chamber News" newsletter mailed to members.
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