Pension system sees 14.3% return on investments

January 25, 2011 at 7:00 am

The state’s pension system portfolio has increased in value by more than $4 billion, according to a news release from the Maryland State Retirement and Pension System.

The fund returned 14.3% on investments as of Dec. 13, 2010, the midpoint of the current fiscal year. The earnings raised the system’s assets to $36 billion, $4.2 billion more than at the close of fiscal year 2010 on June 30.

Maryland’s pension system performed better than 65% of public funds of similar size in other states, according to the news release.

The Standard & Poor’s 500 stock index, one of the broadest indicators of market performance, rose 15.03% last year.

—Abby Rogers
Abby@MarylandReporter.com

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