SIFMA provided comments to the Connecticut Retirement Security Board (CRSB) in response to CRSB’s request for public comment on a state-run retirement plan for private sector workers.

SIFMA does not believe a state-run plan for private sector workers is the right approach and, in its comments, outlined issues of concern.

Before moving forward, SIFMA believes the CRSB should consider, among other things, the substantial cost and liability of such a plan, the potential impact on the private market, and what factors other than access may be preventing workers from saving.