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Category: Retirement

College Park to Join State Pension Plan in July

Last summer, the City Council voted allowing the City employees joining the Maryland State retirement plan (5-3, Catlin, Wojahn and Kabir opposed) Currently, the City employees contribute to a plan called 401A plan, which is a defined contribution plan. In this plan, the City makes a 6.5% contribution to all employees towards their retirement. The […]

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Friday March 7th, 2014 in Retirement | 2 Comments »