Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate expands MyCT Savings to personal care attendants and tightens automatic‑enrollment rules amid heated debate
Summary
The Senate passed changes to the MyCT Savings retirement program to include personal care attendants, set default contribution rules tied to federal guidance, and increase enforcement measures; opponents criticized automatic opt‑out enrollment, fiduciary oversight, and state competition with private financial services.
The Connecticut Senate passed a substitute bill amending the Connecticut Retirement Security Program (MyCT Savings) to add personal care attendants (PCAs) in state‑funded programs to the pool of eligible participants and to align default contribution requirements with federal SECURE 2 automatic‑enrollment guidance.
Senator Kushner, the bill’s proponent, said the change will extend retirement access to PCAs who previously…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
