How will I know when I have to register and enroll my employees?
All eligible Connecticut employers are required by law to facilitate MyCTSavings if they don't offer a retirement plan for their employees. Initial registration deadlines have passed for previously notified businesses, but you can still take action to avoid enforcement penalties in 2024.
Each year, MyCTSavings will review state data to identify newly eligible employers for the program. Newly eligible businesses will receive a notification that they are required to sign up for MyCTSavings or certify exemption from the program. The next deadline will be in 2024.