NFIB Connecticut recently conducted a virtual discussion on November 14 regarding the MyCTSavings program, a state-mandated retirement initiative. The event, aimed at small business owners, was recorded and is available for viewing.
MyCTSavings is designed to assist small businesses in facilitating retirement savings for their employees by contributing a portion of their paycheck into a ROTH IRA account. This program is managed by the state Comptroller’s Office. Participation is mandatory for small businesses that do not offer any retirement savings plan and have five or more employees earning over $5,000 annually.
The session was hosted by NFIB State Director Andy Markowski and featured insights from Jessica Muirhead, executive director of MyCTSavings, and Lisa Kidder, strategic communications manager for MyCTSavings. The presentation covered updates to the program, upcoming deadlines, employer responsibilities, changes expected in 2024, enrollment options for individuals, and compliance guidelines.
For further information about MyCTSavings or specific inquiries about the program, individuals are encouraged to visit the official website or contact the dedicated support line at 1-833-811-7435. The webinar recording can be accessed through NFIB Connecticut’s platform.
Questions related to this initiative can also be directed to NFIB Grassroots Manager Julianna Rauf.
