After a year-long search, a fledgling state entity in charge of offering IRA retirement savings accounts to private-sector workers in Connecticut is set to approve the hire of its first executive director on Friday.
The Connecticut Retirement Security Authority (CRSA) said its board of directors will vote Friday morning on the appointment of Mary Fay.
Fay, a West Hartford town council member and Republican who ran for state representative this past November, ultimately losing to Democrat Jillian Gilchrest, didn’t immediately respond to a request for comment Friday afternoon.
According to Fay’s LinkedIn profile, she has worked in management positions involving annuities, retirement products and and employee benefits at companies including AIG, Hartford HealthCare, ING U.S. (now Voya Financial) and General Electric.
CRSA has faced delays in launching, but hiring an executive director is a key step. It’s working toward hiring a financial services company to administer its programs.
CRSA Chairman Scott Jackson said recently that he expects the CRSA to enroll some companies this year.
