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Maryland Launches Private-Sector Retirement Program
Pensions & Investments 
May 10, 2016 "The Maryland Small Business Retirement Savings Program and Trust, scheduled to take effect July 1, creates mandated payroll deduction individual retirement accounts for employees of small businesses and an 11-member board to implement and administer the program.... [Employees] who work at least 30 hours per week for private-sector employers with 10 or more employees will contribute 3% of wages, but employees can opt out of the program." MORE >> |
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