• About Us

    MyCTSavings – Connecticut’s Retirement Savings Program MyCTSavings is an exciting and new retirement savings program, sponsored by the state of Connecticut’s Retirement Security Authority. It’s a simple and seamless way to help Connecticut employees save and plan for the future.  More than 600,000...

  • Account Maintenance Form

  • Am I eligible for the Saver's Credit from the IRS?

    You may be able to take advantage of the Saver's Credit if you meet the eligibility requirements. The Saver's Credit is a federal tax credit you can get for making contributions to your retirement plan. For more information, visit here. You may also want to consult with a tax expert or financial...

  • Are H-2A visa holders eligible for MyCTSavings?

    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.

  • Are H-2A visa holders eligible for the program?

    Yes, however, they can be enrolled and have an account created for them only if they work for more than 120 days and if enough verifiable information is available to create an account in their name. If the program is unable to verify their information, an account will not be established for them.

  • Are my employees who live in other states eligible for Connecticut’s program?

    Yes, if their employment is based in Connecticut.

  • Are my investments guaranteed to earn?

    All investing involves some risk, and there is no guarantee of earnings. The MyCTSavings program offers a range of investment types to help you choose options that balance different levels of risk. Usually, a Cash Preservation Portfolio will have lower risk and potentially lower rates of return....

  • Are seasonal employees eligible?

    Yes, if they work for you for at least 120 days, which is the window for you to enroll new hires. If they work for fewer than 120 days, you will not need to enroll them.

  • Are there additional withdrawal restrictions beyond normal Roth IRA restrictions?

    The only withdrawal restrictions for MyCTSavings IRAs are those set by the federal government for any Roth or Traditional IRA. Please consult a tax expert or financial advisor about your circumstances.

  • Are there any fees for employers to participate?

    There are no employer fees. Also, employers are not required nor permitted to contribute to the program.