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Pension Rights Center Offers Reform Principles to Maryland Governor's Task Force to Ensure Retirement Security
Pension Rights Center Link to more items from this source
[Opinion]
Aug. 7, 2014
"We ask that this task force take the following principles into account when studying and designing a new system that works for Maryland.... [A]ll workers should be covered by the plan unless they're participating in other employer-based plans.... [R]etirees should be able to rely on a steady stream of income.... [In] combination with Social Security, retirees should be able to maintain a reasonable standard of living in retirement.... [To]meet these goals, contributions should be made by both employers and employees; contributions should be pooled and professionally managed to minimize costs and financial risks; and benefits should be annuitized and paid out over the lifetime of retirees and surviving spouses."

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