Day: July 21, 2015

Md. pension fund earns 2.68%, missing annual target

Md. pension fund earns 2.68%, missing annual target

Maryland’s $45.8 billion pension fund for state employees and teachers earned 2.68% for the past fiscal year, almost 5 percentage points below its target of 7.65%, but better than benchmark returns for its various asset classes, its Board of Trustees was told Tuesday.

State Roundup, July 21, 2015

Gov. Hogan seeks congressional delegation help in securing federal funds for Purple line; Rocky Gap slots bucks to help fund scholarships for Allegany students; southern Maryland officials worried that toll cuts will imperil Nice Bridge improvements; former provost sues UMES claiming racial bias; when lobbyists donate to some campaigns, win or lose, they’ll likely win; former Pentagon official considers run for Congress; and Arundel exec nixes council message on tax bill.

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