Page 132

House Bill No. 5506

Public Act No. 22-118 132 of 739

potential participants and employees may submit grievances, complaints and appeals to the Comptroller and have such grievances, complaints and appeals heard and addressed by the Comptroller. (b) The [board of directors of the Connecticut Retirement Security Authority] Comptroller shall enter into memoranda of understanding with the Labor Department and other state agencies regarding (1) the gathering or dissemination of information necessary for the operations of the program, subject to such obligations of confidentiality as may be agreed or required by law, (2) the sharing of costs incurred pursuant to the gathering and dissemination of such information, and (3) the reimbursement of costs for any enforcement activities conducted pursuant to section 31-425. Each state agency may also enter into such memoranda of understanding. (c) The Comptroller may adopt regulations in accordance with the provisions of chapter 54 to implement the provisions of this chapter, including, but not limited to, regulations concerning the protection of program participants' personal and confidential information. Sec. 99. Section 31-419 of the general statutes is repealed and the following is substituted in lieu thereof (Effective July 1, 2022): (a) The [Connecticut Retirement Security Authority board of directors] Comptroller shall prepare informational materials regarding the Connecticut Retirement Security [Exchange] Program for distribution by qualified employers to plan participants and prospective plan participants pursuant to section 31-422. Such informational materials shall include, but need not be limited to: (1) The benefits and risks associated with making contributions to or making withdrawals from the program; (2) The process for making contributions to the program, including a contribution election form;