Tag: pension system

Legislation seeks to lower projected returns for pension system investments

Republican lawmakers are pushing a bill to cut the expected rate of return on Maryland $38 billion pension investment portfolio — a move that would effectively add billions of dollars to the state’s pension liabilities. The move to reduce what the GOP considers an unrealistic 7.75% rate to something like the corporate rate several points below that drew strong opposition from the State Retirement Agency at a hearing Tuesday.

Read More
Loading

Support Our Work!

We depend on your support. A generous gift in any amount helps us continue to bring you this service.

Poll

How would you rate Gov. Larry Hogan's job performance?

Facebook