payroll savings

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Senate passes retirement security bill, but it might not be the final word

This is a picture of Sen. Ed Gomes

The Senate narrowly gave final passage Saturday to a controversial proposal that would require certain private-sector employers to automatically enroll workers in retirement savings plans overseen by a new quasi-public authority. But while the bill has passed both the House and Senate, it could still undergo changes. Continue Reading →

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A divided CT House passes retirement security legislation

The Democratic majority in the House of Representatives outlasted a Republican filibuster early Tuesday to pass legislation that would create a quasi-public authority to offer private-sector workers a retirement savings program. Gov. Dannel P. Malloy was non-committal on the bill, but says he favors a key provision: a mandated payroll deduction for retirement savings. Continue Reading →

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