CT SB01221

Expands the Connecticut Retirement Security Program to include personal care attendants as covered employees beginning July 1, 2026, with a reduced eligibility period of 30 days of employment instead of 120 days

Aligns default contribution levels for new participants enrolled on or after July 1, 2025 with federal Internal Revenue Code Section 414A(b)(3)(A) provisions, replacing the previous flat 3% default rate

Adds consumers who receive services from personal care attendants under state-funded programs to the definition of "qualified employer" starting July 1, 2026

Requires the Comptroller to provide retirement savings vehicles capable of receiving federal Saver's Match contributions under 26 USC 6433

Establishes civil penalties for employer noncompliance with enrollment or contribution requirements: up to $500 for employers with 5-24 employees, up to $1,000 for 25-99 employees, and up to $1,500 for 100+ employees, assessed after 90 days following a final notice of noncompliance