Connecticut § 1-351n General authority with respect to retirement plans.

Connecticut Statutes

§ 1-351n — General authority with respect to retirement plans.

Connecticut § 1-351n

Title 1Provisions of General Application

Ch. 15cConnecticut Uniform Power of Attorney Act and Connecticut Uniform Recognition of Substitute Decision-Making Documents Act

This text of Connecticut § 1-351n (General authority with respect to retirement plans.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 1-351n (2026).

Text

(a)For purposes of this section, “retirement plan” means a plan or account created by an employer, the principal or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary or owner, including a plan or account under the following sections of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time:

(1)An individual retirement account under 26 USC 408, as amended from time to time;

(2)A Roth individual retirement account under 26 USC 408A, as amended from time to time;

(3)A deemed individual retirement account under 26 USC 408(q), as amended from time to time;

(4)An annuity or mutual fund custodial account under 26 USC 403(b), as ame

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(a) For purposes of this section, “retirement plan” means a plan or account created by an employer, the principal or another individual to provide retirement benefits or deferred compensation of which the principal is a participant, beneficiary or owner, including a plan or account under the following sections of the Internal Revenue Code of 1986, or any subsequent corresponding internal revenue code of the United States, as amended from time to time: (1) An individual retirement account under 26 USC 408, as amended from time to time; (2) A Roth individual retirement account under 26 USC 408A, as amended from time to time; (3) A deemed individual retirement account under 26 USC 408(q), as amended from time to time; (4) An annuity or mutual fund custodial account under 26 USC 403(b), as amended from time to time; (5) A pension, profit sharing, stock bonus or other retirement plan qualified under 26 USC 401(a), as amended from time to time; (6) A plan under 26 USC 457(b), as amended from time to time; and (7) A nonqualified deferred compensation plan under 26 USC 409A, as amended from time to time. (b) Unless the power of attorney otherwise provides, language in a power of attorney granting general authority with respect to retirement plans authorizes the agent to: (1) Select the form and timing of payments under a retirement plan and withdraw benefits from a plan; (2) Make a rollover, including a direct trustee to trustee rollover, of benefits from one retirement plan to another; (3) Establish a retirement plan in the principal's name; (4) Make contributions to a retirement plan; (5) Exercise investment powers available under a retirement plan; and (6) Borrow from, sell assets to or purchase assets from a retirement plan.

Legislative History

(P.A. 15-240, S. 38; P.A. 16-40, S. 9.) History: P.A. 15-240 effective July 1, 2016; P.A. 16-40 changed effective date of P.A. 15-240, S. 38, from July 1, 2016, to October 1, 2016, effective May 27, 2016.