Get answers to frequently asked questions

Connecticut’s new state-sponsored retirement savings program is open right now. It was created to help the 600,000 private-sector employees without access to employer-sponsored retirement plans. We understand you’ll have questions. Here are the answers to some frequently asked questions. If you have additional questions, we’re here to help.

How do I know if my employer facilitates the State's program?

If you haven’t received your automatic notification and enrollment, you should ask your employer, or call 1-833-811-7435, Monday – Friday, 9 a.m. – 6 p.m. ET.

Is my employer required to offer MyCTSavings?

Qualified employers with five or more employees in Connecticut — at least five of whom has been paid more than $5,000 in the calendar year — are required by law to offer MyCTSavings.* The only exception is if your employer already offers a qualified, employer-sponsored retirement plan to employees in Connecticut.

*A qualified employer is any employer, whether for profit or not for profit, that had five or more employees in Connecticut on October 1, 2021, at least five of whom were paid $5000 or more in taxable wages in 2021. Qualified employers do not include those who were not in existence at all times during the current and preceding calendar years, and they do not include any employer employing only individuals whose services are excluded under the unemployment compensation law.