Governors Appoint ASPPA Members to Retirement Security Commissions
New Jersey Gov. Chris Christie (R) and Maryland Gov. Martin O’Malley (D) have named members to the commissions they have established to make retirement savings secure. ASPPA members are among those they have named to the groups.
Christie on Aug. 8 appointed nine members to a non-partisan commission to make recommendations regarding how to reform New Jersey’s public pension and health benefit systems. The group is charged with evaluating how New Jersey can create retirement and health care systems for public employees that are cost-effective and permanently affordable and sustainable. Among the commission members is ASPPA member Dr. Ethan Kra of Ethan E. Kra Actuarial Services, which specializes in analyzing the economic and accounting implications of financing strategies and vehicles for employee and executive benefits.
O’Malley on Aug. 5 appointed 10 members to the Governor’s Task Force to Ensure Retirement Security for All Marylanders. ASPPA and NAPA member Gary Kleinschmidt, Director of Retirement Sales for Legg Mason Global Investment Management, is among them. Unlike the New Jersey commission, the Maryland task force is to examine ways to improve retirement security for private-sector employees in Maryland.
Established by executive order in May, and chaired by former Lt. Governor Kathleen Kennedy Townsend, the Task Force brings together representatives from key sectors across the State to find ways to better secure retirement savings for private sector employees in Maryland.