In July, MyCTSavings sent newly eligible employers sign-up notifications for the state-sponsored retirement savings program. The deadline to register is August 31, 2024. Businesses with five or more employees that have been in business since the beginning of last year must either register for MyCTSavings or provide their own retirement plan. Businesses that previously received notices and have not yet registered can still sign up at www.myctsavings.com. Registering today gives employees the opportunity to save for a more secure financial future. If employers with an existing qualified retirement savings plan receive a notice, they should visit myctsavings.com with their access code and check the exemption box. MyCTSavings is offered at NO COST to businesses and offering a retirement option gives businesses a competitive edge in hiring and retaining talented staff. Employer Resources - MyCTSavings The MyCTSavings website offers resources with step-by-step instructions and how-to videos for registration, employee enrollment, and sending employee payroll contributions. Live webinars on payroll processing are offered twice a month to participating business. Myctsavings.com also offers resources to help your employees learn more about their finances, with topics including budgeting, banking and credit, as well as retirement. The MyCTSavings Registration Deadline is August 31, 2024.
