"The legislation, which passed on May 7] as part of a larger budget bill, provides $400,000 to start the process of creating a new state-administered retirement savings plan, which would be operated separately from the Connecticut public retirement system. The funding establishes a 14-member Retirement Security Board that is charged with conducting a market feasibility study for a new plan and developing an implementation plan, all to be completed by April 1, 2016."  MORE >>