Mar 25, 2026BoardMeeting
BoardMaryland Transit Administration Pension Plan Board Of Trustees Special Meeting
The Board conducted a review and vote regarding the Pension Plan Restatement. Key discussion topics included the alignment of plan sections with tax compliance requirements, the authority of plan documents over collective bargaining agreements in case of conflict, and the legal implications of proposed changes. The Board deliberated on the relevance of ongoing contract negotiations and arbitrations to their fiduciary duties before ultimately voting to approve the Restatement.