O’Malley Creates Task Force On Retirement Security

ANNAPOLIS, Md. (AP) — Gov. Martin O’Malley has created a task force to study how Maryland can improve retirement security for private-sector employees.

O’Malley on Monday announced that former Lt. Gov. Kathleen Kennedy Townsend will chair the task force. Townsend is the managing director at Rock Creek Group, an investment firm, and founder of the Center for Retirement Initiatives at Georgetown University.

The task force will make recommendations on steps the state can take to secure retirement for employees in the private sector.

The O’Malley administration says the task force will meet this year to consider ideas that could result in legislation, regulations or other initiatives.

The task force will be charged with issuing a report by Dec. 4.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it

Listen Live