Pennsylvania HB418 establishes a County Employees' Defined Contribution Plan for county employees.
Pennsylvania HB418 creates the County Employees' Defined Contribution Plan, a defined contribution plan for county employees. The plan is administered by a board that establishes individual investment accounts for each participant. Contributions from participants and employers are credited to these accounts, along with interest and investment earnings or losses. The board manages the County Employees' Defined Contribution Trust, which holds the assets of the plan. Fees and administrative costs are paid by the county.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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