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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
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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