July 17, 2013
Contact: University Relations
A proposal to switch new city employees in Baltimore to a market-driven 401K pension plan could be advantageous to those employees—if the stock market stays strong, Merrick School of Business Associate Professor of Finance Steven Isberg tells Fox 45.
"What this is really doing is aligning the city's compensation plans more in what you see in the private market today," Isberg explained, in a piece that aired on July 16. "...[W]hat it does is it shifts the risk and the upfront cost from the taxpayers over to a lot of the city employees."
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