- Account Access
- Contributions
- Eligibility
- Employer Registration
- Enrollment Process
- Fees and Costs
- General
- Investments
- Investments and Contributions
- Linking Bank Accounts
- Saver's Credit
- Security
- Self-enrollment
- Tax Forms
- Timing
- Withdrawals
- I’m a seasonal employee, am I eligible?
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Yes, if you work for an employer for more than 120 days, which is the window for employers to enroll new hires, you are eligible. If you work for fewer than 120 days, your employer cannot enroll you.
- Could joining MyCTSavings impact my eligibility for college financial aid?
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Withdrawals from IRAs can jeopardize financial aid for the year following the withdrawal. But, in general, qualified retirement accounts are not counted towards federal financial aid. To be safe though, we suggest you carefully review your own circumstances with a tax expert, financial advisor, or your financial aid office.
- Could joining MyCTSavings impact my eligibility for federal programs like SNAP or TANF?
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In general, qualified retirement accounts are not counted as assets against a person's eligibility. For more information, check with your benefits office.
- Is there a minimum age to participate in the program?
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Yes, the minimum age to enroll in MyCTSavings is 19.
- Are H-2A visa holders eligible for MyCTSavings?
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Yes, however, you can be enrolled and have an account created only if you work for more than 120 days and if enough verifiable information is available to create an account in your name. If the program is unable to verify your information, an account will not be established for you.