The Connecticut state agency that was set up to manage retirement savings for private sector workers is getting a makeover, according to Governor Ned Lamont.
Lamont says the Connecticut Retirement Security Authority was one of the troubled quasi-state agencies he found when he took office last year. He says he’s since created a new board for the agency with the help of state Comptroller Kevin Lembo.
“Working with Kevin, working with this team that already handles retirement for some of our state employees, we got the right people leading this operation. And you know he just told me that we might be able to get the first test going on this before the end of this year.”
That’s because the agency has yet to manage any savings accounts since it was created by the General Assembly in 2016.
There are about 600,000 workers in Connecticut with no access to work-based retirement savings who'd be eligible to take part in the voluntary state program.
