With MyCTSavings your employees can save for retirement one paycheck at a time – at no cost to your business! 

Make 2025 the year you offer a retirement savings option to your employees. If your business has received a notice from MyCTSavings program, now or in the past, go to myctsavings.com to register, or certify that your business is exempt, if you already offer a qualified retirement option. MyCTSavings is free to businesses and easy to implement through payroll. The program is sponsored by the Office of the State Comptroller. 

Visit myctsavings.com for program details and enrollment resources. When business owners participate, 82% of employees start saving! Give your employees that opportunity today.  

New in 2025 – Auto-enrollment is in!  

Employer-sponsored retirement plans (like a SEP, 401(k) or 403(b)) established after December 29, 2024, must automatically enroll eligible employees, as part of the Secure 2.0 Act. Many Connecticut companies have already adopted auto-enrollment as a best practice, including MyCTSavings. Now, the law requires that employees opt-out if they do not want to participate. There are some exceptions: businesses less than three years old or with fewer than 10 employees may be exempt from this Secure 2.0 provision. For more information on the Secure 2.0 Act, go to: https://www.irs.gov

New from the State Comptroller’s Office   

Sign up for a monthly report from the Comptroller Scanlon here! 

The Economic Pulse highlights key economic indicators impacting the state, and each month, spotlights a specific issue of interest. 

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.