Private-sector workers in Maryland who do not have access to an employer-sponsored retirement plans could have access to a state-sponsored plan under new legislation being proposed by lawmakers in the state.
Sen. James Rosapepe, Sen. Richard Madaleno and Del. Tom Hucker will announce the legislation they are sponsoring at a press conference on Thursday, Feb. 27. They will be joined by represenatives of SEIU, AARP and Maryland Business, a small business advocacy organization.
The state-sponsored, nonprofit plan would be available to anyone in the private sector who does not have access to a retirement vehicle at work. A hearing is scheduled for Thursday morning before the Senate Pensions Subcommittee.
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