Register Today for MyCTSavings!

MyCTSavings is a tool for small businesses to provide a retirement savings plan to employees.



Nearly half of Connecticut companies do not offer a retirement savings plan for employees. According to AARP, that’s about 600,000 workers who may not be saving for retirement. To fill that gap, the Office of the State Comptroller is offering MyCTSavings, a retirement savings program for employees, with no cost for employers to sign up.   

If you are a business with five or more employees and do not offer a qualified retirement savings plan, you must register for MyCTSavings by March 30. If you own a business, here are the basics you need to know: 

Your Role in MyCTSavings:

• Businesses with five or more employees and who do not offer a retirement savings plan must register for the program. There is no cost for employers to participate. 
• MyCTSavings was designed to be easy through a simple three-step process:

1. Employers register through a secure online portal with a unique access code. 
2. They will then be prompted to upload payroll and employee information in the system.
3. After the employee’s 30-day opt-out period, the employer simply submits their employees’ contributions each pay cycle and keeps the staff lists up to date. 

This video tutorial will walk you through the registration process.

Fact sheets for employers (in English and Spanish) to share with members. 

Your Employee’s Role

• When an employer registers, MyCTSavings will set up a Roth IRA for all employees through the payroll process.
• For employees, the program is optional. Employees can opt out or change their contribution rate at any time. The Roth IRA is “portable,” so if your employee changes jobs, the account goes with them. If your small business already offers a retirement savings plan, you will only need to fill out an exemption waiver https://myctsavings.vestwell.com/register/exempt if contacted by the program.  

For more information, visit Program Details - MyCTSavings or call 1-833-811-7435 to speak with a representative.  

Meet Our New Allied Member Partner!

Skips has been the leader in Connecticut’s wastewater service industry for over 60 years. Skips provides services to residential and commercial customers East of the Connecticut River and beyond. Skips Wastewater Services has two office locations – Ellington, CT and Waterford, CT.

Skips Wastewater Services offers:

Septic Tank Pumping • Grease Trap Pumping • Septic System Inspections • Septic System Repairs • Septic System Installations • Pump Chamber Installation and Repair • Leachfield Installations • Septic Tank Replacement • Excavating • Septic Snaking • Water Treatment Discharge Systems • Line Jetting 

Skips Wastewater Services contact Michael McLaughlin

mm@skipswastewater.com 

917-750-3704 | skipswastewater.com

New England Food Show 2023

The region’s largest restaurant and food service event serving both the foodservice and retail sectors. The latest products, services, and technologies will be showcased along with a leading-edge program of education and demonstrations that provides restaurants, retail, and food service establishments from New England with the best tools to grow and improve their business. 

Registration is now open for the New England Food Show 2023. All CLA members are eligible for a unique promo code to receive free registration. Please contact us at info@ctlodging.org for further details.

April 2-4, 2023

Boston Convention & Exhibition Center | Boston, MA

Paolino Public Affairs Consulting, Inc. Legislative Report - 03/24/23

Attached is your weekly bill tracking report. Another week in the books and closer to June 7th constitutional adjournment. There is still no solidified date on when either of the legislative chambers will convene for session. Committees are wrapping up with their meetings, for example the Labor and Public Employees committee have completed their final meeting. This part of the legislative process is coming to an end, and there are dozens of bills ready for action on the floors of the Senate and House of Representatives. One piece of legislation that died this week was allowing wine in grocery stores. The bill gathered a whirlwind of controversy, as package stores from all over the state were opposed, claiming that the bill would force small businesses to close. This bill comes up every year, and Chairman of the committee Representative D'Agostino said next year he might be open to allowing a vote, but as of right now, he and other committee members were not convinced.

STR: U.S. hotel results for week ending 18 March

Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR‘s latest data through 18 March.

12-18 March 2023 (percentage change from comparable weeks in 2022, 2019):

• Occupancy: 67.6% (+1.3%, -2.5%)
• Average daily rate (ADR): US$167.04 (+8.9%, +23.9%)
• Revenue per available room (RevPAR): US$112.89 (+10.4%, +20.8%) 

Among the Top 25 Markets, Boston saw the highest year-over-year increase in occupancy (+17.8% to 71.8%), while Houston saw the highest occupancy lift over 2019 (+9.6% to 72.5%).