Connecticut’s New Mandatory Auto-IRA Program

The State of Connecticut enacted legislation in 2016 to address the lack of retirement planning options available to many private sector employees. This legislation created the Connecticut Retirement Security Authority (CRSA), which implemented MyCTSavings, a state-sponsored retirement savings program for private-sector employees whose employers do not offer a retirement savings plan. The program is available to employees who are at least 19 years of age, and it officially opened for employer registration as of April 1, 2022, with registration deadlines dependent upon the size of the employer.

You can find a summary of the law provided by the law firm Robinson+Cole LLP here.

What Do You Need To Do Now?

  • All types of private-sector employers (both for-profit and nonprofit) with at least five (5) employees and in existence for at least one (1) year are required to sponsor a qualified retirement plan or participate in MyCTSavings.
  • According to its website, MyCTSavings is notifying employers when it is time for them to register. To register, employers will need their Federal Employer Identification Number (EIN) and the MyCTSavings Access Code from the notification.
  • Employers must register on MyCTSavings according to the following schedule:
    • For employers with 100 or more employees – by June 30, 2022
    • ​​​​​For employers with 26-99 employees – by October 31, 2022
    • For employers with 5-25 employees – by March 30, 2023
  • Employers that sponsor a qualified retirement plan should certify their exemption on MyCTSavings.
  • The Employee Benefit Services Group at PKF O’Connor Davies (Accountants and Advisors) summarized the details of the program in this Alert.
  • There is a very detailed set of FAQs prepared by MyCTSavings here.


If you have questions, please contact Pro Bono Partnership at 914-328-0674 (Fairfield County) or 860-541-4951 (outside of Fairfield County).​​​​​

​​This document is provided as a general informational service to volunteers, clients, and friends of Pro Bono Partnership. It should not be construed as, and does not constitute, legal advice on any specific matter, nor does distribution of this document create an attorney-client relationship.