This just in via a bWise News Alert (www.403bWise.com): The Montgomery County Board of Education approved changes to the structure of the district’s defined contribution retirement plans—403(b) and 457(b)—that are designed to save money and improve oversight and transparency for this key employee benefit.The changes will move MCPS from its current nine vendors to one recordkeeper, effective January 1, 2016, and will offer independent education and advice to employees. The changes will also create a Defined Contribution Investment Committee that will select and oversee a menu of investment options for the plans. The results of these changes will be—