Dear Chamber/Industry Executive:

 

Thank you for sharing this information with your members. With your support, MyCTSavings has been able to connect with hundreds of business owners in 2023. As you plan meetings and events for 2024, please keep MyCTSavings in mind. We would appreciate an opportunity to speak (briefly) at an event or host a webinar specifically for your members.   



We are also including a link to share with your members and staff for the State’s new ArrayRx pharmacy discount program that can be used at most pharmacies.  


We appreciate your support,  

Jessica Muirhead, Executive Director 

Lisa Kidder, Strategic Communications Manager 

Lily Smith, Program Assistant  

When you enroll in MyCTSavings your employees can save for retirement 


If your company has 5+ employees and does not offer a retirement plan, state law requires that you register with MyCTSavings or another qualified retirement program and offer the plan to your employees. If your business has received a notification from MyCTSavings and have not registered, you can still sign up today at www.myctsavings.com.    


MyCTSavings is free for businesses and simple to facilitate. Sign up and MyCTSavings will contact your employees and explain their choices. They can opt out, keep the standard Roth IRA or customize their Roth IRA. Studies show that employees who are auto enrolled in a retirement program with payroll contributions, they are far more likely to saveHelp your employees start on the path to a more financially secure future by enrolling for MyCTSavings today.    


MyCTSavings works to pre-exempt employers that already offer retirement plans. However, if your company already offers a retirement plan and has received a notification, please go to www.myctsavings.com, and enter the access code to exempt your business. The program will remove your business from the list.   


With the launch phase of MyCTSavings complete, businesses that become eligible for the program will be notified annually. Click Employer FAQs - MyCTSavings for detailed eligibility criteria. If you believe your business is eligible and you would like to enroll now, you can call 1-833-811-7435 and request enrollment information.   


Can individuals enroll in MyCTSavings?  

If you are self-employed or don’t work for an employer registered for MyCTSavings, you can self-enroll and contribute directly to your own Roth IRA: myctsavings.com/savers 

Visit MyCTSavings

ArrayRx is your new pharmacy discount card 

ArrayRx is a pharmacy discount program Connecticut residents can use to save on medications at most pharmacies and compare prices online. Offered by the Office of the State Comptroller, there are no membership fees, and no age, income, or immigration-status restrictions. It takes just a minute to enroll at ArrayRxCard.com. 

Visit ArrayRX
Employer Registration Checklist
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MyCTSavings is overseen by the Connecticut Office of the State Comptroller (“Comptroller”). Vestwell State Savings, LLC, dba Sumday Administration (“Sumday”), is the program administrator. Sumday and its affiliates are responsible for day-to-day program operations. Participants’ who use MyCTSavings beneficially own and have control over their Roth Individual Retirement Accounts (“IRA”), as provided in the program offering set out at myctsavings.com.