Get answers to frequently asked questions
Colorado’s new state-facilitated retirement savings program was created to help the nearly 940,000 workers in Colorado without access to employer-sponsored retirement plans. We understand you’ll have questions. Here are the answers to some frequently asked questions. If you have additional questions, we’re here to help.
- Account Access
- Contributions
- Eligibility
- Employer Registration
- Fees and Costs
- General
- Investments
- Linking Bank Accounts
- Saver's Credit
- Security
- Tax Forms
- Withdrawals
- Will my money be pooled with money from other city, state, or federal programs?
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It will not. Your money is yours and does not belong to anyone else. During the time you participate in the Colorado SecureSavings retirement savings program, your money will be pooled with other Colorado SecureSavings participants and invested only in the Investment Options for this program. You have complete control of your account, which is tracked individually so that you always know how much is in your account.
- Does Colorado SecureSavings have an investment consultant?
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The program has a private investment consultant that provides input, monitoring, and feedback about investments to the Authority.
- What is auto escalation?
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Auto escalation is a default feature of the Colorado SecureSavings retirement savings program. Your contribution amount will increase by 1% in January of each year until a maximum of 8% is reached. You can opt out of auto escalation at any time.
- How will I know when my contributions will auto escalate?
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Colorado SecureSavings notifies participating savers about auto-escalation prior to any increase.