Connecticut § 31-423 - Investment vehicles. Vendor selection.
Full text of Connecticut Connecticut General Statutes § 31-423 — Investment vehicles. Vendor selection., with citation guidance and answers to common questions.
§ 31-423. Investment vehicles. Vendor selection.
Sec. 31-423. Investment vehicles. Vendor selection. The Comptroller shall provide for each participant's account to be invested in (1) an age-appropriate target date fund, or (2) other investment vehicles the Comptroller may prescribe if affirmatively selected by the participant.
(P.A. 16-29, S. 8; May Sp. Sess. P.A. 16-3, S. 102, 207; P.A. 19-117, S. 101; P.A. 22-118, S. 103.)
History: P.A. 16-29 effective May 27, 2016; May Sp. Sess. P.A. 16-3 changed effective date of P.A. 16-29, S. 8, from May 27, 2016, to January 1, 2017, effective June 2, 2016, and designated existing provisions re investment of participant's account as Subsec. (a) and amended same to add provision re participant to select vendor and added Subsec. (b) re investment of contribution if participant does not select specific vendor or investment option, effective January 1, 2017; P.A. 19-117 deleted Subsec. (b) re participant not selecting specific vendor or investment option, deleted Subsec. (a) designator, added “if affirmatively selected by the participant” in Subdiv. (2) and made technical and conforming changes, effective July 1, 2019; P.A. 22-118 replaced references to the Connecticut Retirement Security Authority with the Comptroller, effective July 1, 2022.
Source: official Connecticut text · Last verified 2026-08-27
Frequently Asked Questions About Connecticut § 31-423
What does Connecticut General Statutes § 31-423 cover?
Section 31-423 ("Investment vehicles. Vendor selection.") is part of the Connecticut General Statutes, the codified statutory law of Connecticut. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Connecticut § 31-423?
A common citation format is "Connecticut General Statutes § 31-423" (Connecticut). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Connecticut law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Connecticut official source linked on this page or consult a licensed Connecticut attorney.
How does Connecticut § 31-423 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Connecticut can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Connecticut.