Skip to main content

You are here

Advertisement

Maryland Gov. O’Malley Creates Retirement Security Task Force

Maryland Gov. Martin O’Malley (D) has created a task force to explore how his state can improve retirement security for private sector employees, with an eye toward recommending further action.

According to a press release, the task force will meet this year “to conduct a comprehensive examination of ideas that the State could implement through legislation, regulation, or other methods … It will also review the approaches of other states and countries that offer state-sponsored retirement savings plans for private-sector employees and review desirable plan design features.” Following that review, the task force will develop and issue recommendations, including specific steps addressing how such policies would be implemented.

The task force will be led by former Lt. Gov. Kathleen Kennedy Townsend (D), and consists of members of the state’s House of Delegates and Senate, Gov. O’Malley’s cabinet, State Treasurer Nancy Kopp (D), labor unions, the financial service industry, the small business community and the retiree community. It will issue a report by Dec. 4, 2014, and will terminate on Feb. 15, 2015, unless O’Malley extends it.

John Ortman is ASPPA's Communications Director.