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Comptroller Sean Scanlon highlights retirement expansion, drug discount card and MERS pension reforms
Summary
Comptroller Sean Scanlon told the Paid Leave podcast his office expanded MyCD Savings retirement enrollments, runs a free ArrayRx drug discount card with reported average savings of about $200, and enacted MERS pension reforms projected to save municipalities roughly $800 million over 30 years.
Connecticut Comptroller Sean Scanlon used the Paid Leave podcast to lay out several of his office’s initiatives, including growth in a state-run small-employer retirement program, a statewide drug discount card and municipal pension reforms he said will ease local budgets.
On the retirement program: Scanlon said the MyCD Savings plan (a retirement option the comptroller’s office runs for small businesses) grew from about 700 enrolled companies before he took office to roughly 7,500 in the following years and that more than 40,000 people are now saving through the program. "We now have 7,500 enrolled," he said,…
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