Tag: investments

Blog: Maryland Pension System makes no effort to keep its investments at home

A new national study found that many state pension systems over-invest in their own states and lose money, but Maryland is not one of them.

The study, published earlier this month by two faculty members at Northwestern University’s Kellogg School of Management, looked at whether state pension systems seemed to be biased toward making investments in their own states. The study found that when states keep their pension investment dollars close to home, they tend to lose more.

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How Maryland compares on pension funding

The gap between the promises states have made for public employees’ retirement benefits and the money set aside to pay for them grew to at least $1.26 trillion in fiscal year 2009—a 26% increase in one year—according to a new report from the Pew Center for the States. Maryland ranks below more than half the states in its level of funding.

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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.

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