Prepare For and Live in Retirement with Help from Nationwide

Nationwide Retirement Solutions will host a session on tools to help you prepare for retirement at MACo’s Summer Conference as part of MACo’s Solutions Showcase. MACo’s 2019 Summer Conference, “Winds of Change,” will take place on August 14-17 at the Roland Powell Convention Center in Ocean City, MD. Nearly 3,000 individuals from across Maryland will gather to discuss advancements and changes being seen at all levels of government, from cybersecurity to Phase III WIP to…

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MACo Endorsed Member Services with American Fidelity

American Fidelity will host a session on member services at this year's Summer Conference as part of MACo's Solution Showcase. MACo’s 2019 Summer Conference, “Winds of Change,” will take place on August 14-17 at the Roland Powell Convention Center in Ocean City, MD. Nearly 3,000 individuals from across Maryland will gather to discuss advancements and changes being seen at all levels of government, from cybersecurity to Phase III WIP to school funding. American Fidelity -…

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Governor Hogan Appoints Labor Secretary

Governor Larry Hogan today appointed Tiffany Robinson as Secretary of the Maryland Department of Labor. Robinson currently serves as deputy chief of staff in the Office of the Governor, where she advises on labor, housing, education, human services, and health matters. Robinson, who served as administrator of the Harford County Department of Housing and Community Development from 2010 to 2015, succeeds Acting Secretary James E. Rzepkowski, who will continue to serve as assistant secretary for…

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CBO Evaluates Federal Minimum Wage Effects on Families, Job Levels

The Congressional Budget Office has released an analysis- on jobs and family incomes - from altering the federal minimum wage to various higher levels by 2025. The Congressional Budget Office, the fiscal professionals serving the US Congress, prepare the oft-watched "scores" for fiscal proposals, as well as various policy reports throughout the year. This week, they released a report on the economic impacts of changing the federal minimum wage. The full report, "The Effects on…

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Coming Soon: The “Real” Pension Investment Fees Report

As spotlighted by The Baltimore Sun, a law passed by the General Assembly requires enhanced transparency regarding the investment fees paid by the Maryland State Pension System. The first report is due this December. Coverage by The Baltimore Sun describes changes in Maryland law that require more fine-tuned reporting on fees paid by the Maryland State Pension System. In addition to disclosing the fees paid annually, the system must now also report on carried interest fees,…

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“Live Where You Work” As a Public Sector Recruiting Option

Governments are considering housing incentives and policy as a tool to recruit and retain public sector workers. Governing magazine highlights several local governments across the US who are offering incentives, and even housing assistance, to their employees. From their coverage: Cities, counties and school districts are starting to offer housing incentives to attract -- rather than force -- their employees to live where they work. These new benefits are particularly prevalent in expensive areas where…

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Maryland Sheds Jobs, But Unemployment Rate Stable

The latest jobs report from the Bureau of Labor Statistics of the US Department of Labor shows Maryland with a month-over-month loss of 1,200 jobs. The state's overall unemployment rate remained steady at 3.8%. Maryland has gained some 15,000 jobs over one year ago - so the short term downturn may not reflect a larger overall trend. However, most government revenues are substantially economy-dependent. The state personal income tax and sales tax are by far…

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MACo OPEB Trust – Gains of $5.8m, and Counting…

MACo's OPEB Investment Trust has yielded its local government members over $5.8 million in investment gains since its inception - contact MACo today to see if this service is right for your county. MACo offers its member counties, along with their libraries, colleges, and supported units, an investment tool to help gaining long term assets toward their retiree health care liabilities. These costs, referenced by accountants as "Other Post Employment Benefits" or OPEB, present a…

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Maryland’s Minimum Wage Law, Explained

The Maryland General Assembly this year passed House Bill 166/Senate Bill 280 (Chs. 10 and 11), legislation to phase in an increase in the State minimum wage to $15.00 per hour by January 1, 2025, with a longer phase-in for employers with 14 or fewer employees. Unless the federal minimum wage is set at a higher rate, the State minimum wage for employers with 15 or more employees is as follows: • $11.00 per hour…

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LGIT’s Newest Offering: Pass-Through Post-Employment Health Coverage

Looking for a workable solution for retiree and post-65 health care? LGIT now partners with AmWins to help you deliver a flexible offering at no cost to your county. You know the Local Government Insurance Trust already - built for and owned by its local government members, they offer insurance and loss control services to Maryland local governments. Great rates, great service, and the members retain the excesses that would otherwise be sent back to…

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