HARTFORD, Conn. (AP) — Connecticut's private sector workers would have access to state-run retirement plans under legislation moving through the General Assembly with the support of majority Democrats, but questioned by skeptical Republicans who say the state should stay out of private investment decisions.
Two committees have approved a measure establishing a trust fund to administer retirement plans for workers who would automatically be enrolled unless they opt out.
Democratic Rep. Peter Tercyak, the House chairman of the legislature's Labor and Public Employees Committee, said the legislation is intended to provide workers with access toretirement plans even if their employers don't.
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