Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Talbot County schools move to consolidate multiple retirement vendors; RFP review underway
Summary
Talbot County Public Schools staff told the board they are working with Bolton Partners to consolidate seven retirement vendors into a smaller set to reduce fees, simplify enrollment and improve customer service; finalists will be interviewed in August and the board will be asked to approve a selection in late summer or early fall.
Sarah Jones, Talbot County Public Schools staff, told the board the district engaged Bolton Partners this spring to review and streamline the retirement plans offered to employees.
Jones said the district currently offers multiple voluntary deferred-compensation options (similar to private-sector 401(k)-style plans) in addition to the Maryland State Retirement System but that the district’s staff face seven different providers offering a wide array of fund choices. Jones said the multiplicity of vendors and proprietary funds makes the selection…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
