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TASK FORCE TO ENSURE RETIREMENT SECURITY FOR ALL MARYLANDERS

Kathleen Kennedy Townsend, Chair (chosen by Governor)

Appointed by Governor: Edward C. Bernard; Donna S. Edwards; Valerie Ervin; Howard S. Freedlander; Steve Hill; Gary Kleinschmidt; Nailah Gobern Lee; Sarah Mysiewicz; Diane Oakley.

Appointed by Senate President: Joseph M. Getty; James C. Rosapepe.

Appointed by House Speaker: Samuel I. Rosenberg; Dana M. Stein.

Ex officio: Nancy K. Kopp, State Treasurer; Gloria G. Lawlah, Secretary of Aging; T. Eloise Foster, Secretary of Budget & Management; Dominick E. Murray, Secretary of Business & Economic Development; Leonard J. Howie III, Secretary of Labor, Licensing, & Regulation.

Staff: Jay Hutchins; Donni M. Turner.

c/o Dept. of Labor, Licensing, & Regulation
500 North Calvert St., Baltimore, MD 21202 - 3651
(410) 230-6009, (410) 230-6008
e-mail: jay.hutchins@maryland.gov
e-mail: donni.turner@maryland.gov


Report to Governor, Senate President & House Speaker due Dec. 4, 2014.

In May 2014, the Task Force to Ensure Retirement Security for All Marylanders was established by the Governor (Executive Order 01.01.2014.07).

The Task Force is to examine ways to ensure that private-sector employees in Maryland are financially secure in their retirement. The Task Force will review the approaches of other states and countries that offer state-sponsored retirement savings plans for private-sector employees. It will consider features of the plans, such as portability, security, lifetime payments, smoothing of returns to lower volitility, low costs, and low risks. The Task Force also will recommend policies for the State to adopt and a plan to implement them.

Authorization for the Task Force ends February 15, 2015.

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