Connecticut businesses have until August 31, 2023 to offer a retirement savings plan to employees. In 2016, the Connecticut General Assembly enacted Public Act 16-29, which created the.
We had originally written about employment-related legislation from the 2022 Regular Session of the Connecticut General Assembly in the aftermath of the conclusion of the session. The.
The 2022 Regular Session of the Connecticut General Assembly concluded on May 4, 2022. While not as groundbreaking as the two last full legislative sessions, and while many.
In response to what many financial experts consider a retirement savings crisis, the state of Connecticut enacted legislation in 2016 creating the Connecticut Retirement Security Authority (CRSA).
The CRSA was tasked with designing and implementing a state-sponsored retirement savings program through which private-sector employees can participate if their employer does not offer a retirement savings plan.
While multiple states have adopted similar legislation, only three other states have implemented similar state-sponsored retirement programs thus far.