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Connecticut Pushes Back Implementation Date for State-Run Auto-IRA Program
National Association of Plan Advisors [NAPA]
Nov. 14, 2017
"The [Connecticut Retirement Security Authority (CRSA)] is responsible for the design and implementation of a Connecticut Retirement Security Exchange for the state's private sector employers and their employees. The CRSA Board of Directors voted to defer the statutory Jan. 1, 2018 implementation date of the Exchange.... 'There appears to be misinformation that employers must purchase retirement savings products for their employees by Jan. 1, 2018,' [Labor Commissioner Scott D. Jackson] said. 'However, we want employers to be aware that this is inaccurate information.' "
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