"In an effort to significantly boost retirement security for private sector workers who are at risk -- while making the state's small businesses more competitive -- Maryland should create a public-private partnership to offer an affordable, low-cost, easily administered retirement savings program to private sector employers ... Testifying before the Maryland Joint Committee on Pensions, Hank Kim, Esq., Executive Director and Counsel of [NCPERS] urged legislators to establish a defined benefit plan rather than a defined contribution plan -- not only to allow professional management of assets and investments and to keep costs low, but to make covered workers immune to stock market fluctuations and sudden economic downturn."  MORE >>