Connecticut's Office of the State Comptroller and members of the State Employees Retirement Commission have chosen Prudential Retirement to serve as third-party administrator for the state's three defined contribution plans.
The plans total $4.5 billion in assets under management.
The state's 457 Deferred Compensation Plan and the 403(b) plan are both voluntary supplemental plans. The third, called the Alternate Retirement Plan, is a core retirement plan that is offered to some employees in higher education as an alternative to the State Employee Retirement System plan.
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