Baltimore City Public Schools (BCPS) has announced the selection of Corebridge Financial as its sole provider of retirement plans, a move aimed at streamlining access for employees while also reducing costs.
This decision is expected to simplify the retirement planning process for BCPS staff, allowing for more efficient management of their retirement savings.
By consolidating their retirement services under one provider, the school system aims to enhance the overall experience for employees, making it easier for them to navigate their retirement options.
Corebridge Financial will take over the responsibility of managing the retirement plans, which is anticipated to lead to lower fees and improved services for employees.
Reported by HarborBeat based on Business Wire (source).
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