• How do I join MyCTSavings?

    Actually, you don’t have to do anything once your employer facilitates MyCTSavings. You’ll be enrolled automatically and start saving right away, with the money going into a default investment selection based on your date of retirement. Participation in MyCTSavings is completely voluntary for you....

  • 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, 11 a.m. – 6 p.m. ET.

  • How do I set up my MyCTSavings account online after I’m enrolled?

    If you choose to participate, set up your account here and follow the on-screen instructions. If you need help, just give us a call at 1-833-811-7436, Monday – Friday, 11 a.m. – 6 p.m. ET.

  • How does enrollment work?

    First, you’ll be asked to provide certain information about your business and employees. We ask only for the basic information necessary to set you up as an employer and to set up your employees' accounts. You’ll get information to share with your employees that will include instructions for them....

  • How does the MyCTSavings program work?

    MyCTSavings lets you contribute a portion of your pay before taxes and other deductions are made (also known as “gross pay”), into your Roth Individual Retirement Account (IRA). The program is facilitated by your employer but is totally under your control.

  • How is MyCTSavings different from plans like a 401(k) or an IRA?

    The program is designed to pull together some of the best features of popular employer plans and IRAs. We’re helping to lower barriers like complex administration and high costs that may keep employers from offering a successful retirement savings plan to their employees. With MyCTSavings,...

  • How is the MyCTSavings program different from plans like a 401(k) or an IRA?

    Many plans involve complex administration requirements, fiduciary liability, and high costs, all of which can keep employers like you from offering employees retirement savings plans. But MyCTSavings is different. It offers some of the best features of popular employer plans and IRAs, but without...

  • How long does it take to complete enrollment online?

    That depends on how many employees you have and whether you enter their information manually or use the batch upload feature or payroll system integration for multiple employees. Once employees are entered into the system, just update your payroll processing to include employee contributions, which...

  • How long will it take to receive my money?

    Please allow up to 3-5 business days. Distributions will generally be processed within 3 business days of your request. During periods of market volatility and at year-end, distribution requests may take up to 5 business days. For security purposes, there will be a hold of 15 calendar days when...

  • How will I know when I have to register and enroll my employees?

    You’ll get a series of reminders and enrollment communications from MyCTSavings when it’s time for you to participate. This will also be your chance to certify your exemption from the program.