Defined Benefit vs Defined Contributions
By Marti Zins TRA Representative on Retired Governing Board
Frequently people ask why it is important to maintain a pension plan for teachers and why worry if it is a defined benefit (DB) plan or a defined contribution (DC) plan. Let’s take the issue apart for understanding.
Maryland Professional Employees Council was front and center at the State Center worksite, engaging members, talking to union activists, and rallying the bargaining unit for upcoming economic negotiations. The union chose the Farmers Market as the day to be on the street talking to members who were out and about.