Nancy Kopp and state pension diversions

Nancy K. Kopp rarely speaks out against Gov. Martin J. O’Malley. So when the Maryland treasurer appeared at two hearings last week to oppose a proposed diversion of $100 million (Subscriber Access) from the pension, it caught the attention of the media.

Kopp and Maryland Comptroller Peter V.R. Franchot, the chair and vice chair respectively of the State Retirement and Pension System say breaking a promise made in 2011 to employee unions will ultimately cost taxpayers $1.756 billion dollars.

State Treasurer Nancy Kopp

State Treasurer Nancy Kopp opposes a proposed $100 million diversion of funds from the state pension system

I discuss the proposal and the opposition on Inside Maryland Politics with  Joel McCord, news director of WYPR 88.1 FM.