Tag: teacher pension

State pension gap grows to $17.5 billion

Maryland will likely have to increase payments to its teacher and employee pension funds by $189 million next year, lawmakers learned Tuesday as officials with the State Retirement Agency broke down its results from fiscal 2009.

Pension officials said the state’s pension funds have promised to pay out $17.5 billion more than Maryland has put aside. The State Retirement and Pension System of has about $28.6 billion.

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