HARTFORD, Conn. (AP) _ State officials are seeking public comment on a proposed state-run retirement savings plan for private sector workers in Connecticut.
Created earlier this year by the General Assembly, the new Connecticut Retirement Security Board is required to conduct a market feasibility study for the new retirement plan. The group must report its findings by Jan. 1, 2016 and then develop a proposal for implementing a retirement plan by April 1, 2016.
State Comptroller Kevin Lembo said the concept of establishing such a program “can only be successful if everyone has a voice in this research and planning process.”
Written public comments are due Nov. 3. A public hearing is planned for Nov. 19. A location has not yet been announced.
Advocates claim 600,000 Connecticut workers can’t save for retirement through work.