Contact Governor Malloy to sign HB 5591 for Retirement Security
The legislature passed a proposal that would guarantee private IRA payroll deduction to the over 600,000 people with no pension or 401k plan at work. People are 15 times more likely to save for retirement if they can do it at work.
Please tell the Governor to sign HB 5591, AAC The CT Retirement Security Program. Ask him to get the facts and support a bill that will help people save for retirement and reduce the reliance taxpayer funded social safety net programs.
To send an email click start writing, you can send the message as is or edit and send.
Or Call the Governor the switchboard closes at 5PM:
Phone: 860-566-4840
Toll-Free: 800-406-1527
TDD: 860-524-7397
In Connecticut, nearly 600,000 private-sector workers have no access to workplace-based retirement savings. With the average retirement account balance at just $27,000, thousands of our citizens won’t have enough money to retire comfortably.
These hard-working women and men work for small businesses and don’t have a retirement savings plan available to them through their employer. Most fear that whatever they’ve saved on their own, if anything, is not enough for their retirement.
House Bill 5591, An Act Creating the Connecticut Retirement Security Program is based on the work of the Connecticut Retirement Security Board, and would create a private sector retirement savings program in the state for small business employees. These programs would give employees who don’t currently have a workplace savings plan a simple option to save for their future.
Click here for a fact sheet pdfThank you!