Title 31, Title 31: Labor

Sec. 31-418a. Request for advance. Section 31-418a is repealed, effective May 7, 2022. (P.A. 18-169, S. 6; P.A. 22-118, S. 513.)

Sec. 31-419. Informational materials. Individual retirement account statement. Notification of fees. (a) The Comptroller shall prepare informational materials regarding the Connecticut Retirement Security Program for distribution by qualified employers to plan participants and pr…

Sec. 31-420. Establishment and maintenance of individual retirement accounts. Unclaimed funds. Total annual fees. (a) The Comptroller shall provide for the establishment and maintenance of an individual retirement account for each program participant. Such individual retirement a…

Sec. 31-421. Comptroller standard of care. (a) The Comptroller, in conducting the business of the program shall act: (1) With the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such mat…

Sec. 31-422. Qualified employers to provide informational materials to covered employees. Enrollment of participants. Fund rollover. Withholding of compensation. (a)(1) Not later than January 1, 2018, and annually thereafter, each qualified employer shall provide each of its cove…

Sec. 31-423. Investment vehicles. Vendor selection. The Comptroller shall provide for each participant's account to be invested in (1) an age-appropriate target date fund, or (2) other investment vehicles the Comptroller may prescribe if affirmatively selected by the participant.…

Sec. 31-424. Establishment of rules and procedures. Design features. (a) The Comptroller shall adopt regulations, in accordance with the provisions of chapter 54 governing the distribution of funds from the program. Such regulations shall allow for such distributions as may be pe…

Sec. 31-425. Violations. Permissible civil actions. (a) The Attorney General may investigate any violation of section 31-421. If the Attorney General finds that any member of the Connecticut Retirement Security Advisory Board, or any agent engaged or appointed by the Comptroller …

Sec. 31-426. Annual report. Audit. Memoranda of understanding. (a) The Comptroller shall keep an accurate account of all its activities, receipts and expenditures of the Connecticut Retirement Security Program and shall submit, in accordance with the provisions of section 11-4a, …

Sec. 31-427. Internet web site for qualified employers and vendors. Vendor participation procedures. (a) The Comptroller shall: (1) Establish and maintain a secure Internet web site to (A) provide qualified employers with information regarding employer-sponsored retirement plans …

Sec. 31-428. Comptroller to establish and maintain Internet web site for participants. The Comptroller shall establish and maintain a secure Internet web site to provide Connecticut Retirement Security Program participants with information regarding the various investment options…

Sec. 31-429. Prohibition against contributions to exploratory, candidate, political or party committees. (a) No member of the Connecticut Retirement Security Advisory Board, except the State Comptroller or State Treasurer, or any executive director, assistant executive director o…