Eberhardt noted a majority of municipalities in Maryland are covered through LGIT, which is a nonprofit entity founded by the Maryland Association of Counties and the Maryland Municipal League.
There are 178 LGIT members, including 17 counties, overall.
New retirement plan
The commissioners introduced an ordinance Tuesday to amend the town's personnel manual to show the change in retirement plans approved by the commissioners during their October meeting, when they voted to change the town employee retirement plan from a SIMPLE IRA to a 457(b) plan.
Eberhardt said the 457(b) plan, which is often used by state and local governments, would give employees more "flexibility" in their investment options.
The town will match employee contributions up to 3 percent, as officials did under the previous plan.
Breder wrote in an e-mail Wednesday that employees can contribute more than 3 percent to their retirement, or up to $17,500 each year.
Employees who are three years from the retirement age can make an even greater contribution, Breder stated.
Richmond Hills agreement
The commissioners also unanimously approved a pilot agreement between the town and the Richmond Hill Manor Senior Apartments Limited Partnership.
Officials with the partnership had a building at 100 Carter Court renovated with 40 rental units for senior citizens; that apartment complex has since opened.
The partnership obtained financial support from the state in the form of a loan, and from the town in the form of real property tax reductions.
The agreement approved Tuesday called for a 10-year property tax reduction of $26,400, or $2,640 per year.
The commissioners unanimously approved placing a stop sign near Marion Tapp Parkway to signal truck drivers leaving the Perry Point VA Medical Center, as well as signs in the area to alert the public to trucks traveling to and from the medical center.