Pension system sees 14.3% return on investments

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

About The Author

Len Lazarick

Len Lazarick was the founding editor and publisher of MarylandReporter.com and is currently the president of its nonprofit corporation and chairman of its board He was formerly the State House bureau chief of the daily Baltimore Examiner from its start in April 2006 to its demise in February 2009. He was a copy editor on the national desk of the Washington Post for eight years before that, and has spent decades covering Maryland politics and government.

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