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Tag Archives: pension

Pension commission hears ‘no’ on changes

ANNAPOLIS — Retirees, current state employees and union representatives told members of the Public Employees’ and Retirees’ Benefits Sustainability Commission Monday that financial problems with the pension system are not their fault, and they should not bear the brunt of ...

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O’Malley: Pension costs shouldn’t be put off

ANNAPOLIS — Gov. Martin O’Malley says tackling Maryland’s ballooning pension liabilities problem should be “front and center” in this upcoming legislative session. O’Malley said Tuesday that taking on the difficult pension issue, as well as transportation funding concerns, should be ...

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State’s pension board to get new overseer

The chief investment officer for Maryland’s $33.7 billion pension fund for the last 2½ years is leaving Oct. 31 to manage a much smaller endowment at a liberal arts college in Minnesota, where his family continued to live after he ...

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Reports push Md. pension changes

The state’s public employee pension system, reeling from recent investment losses, is not well positioned to recover, according to a pair of independent reports released Wednesday. “You’re looking at an enormous cloud over the state and local finances, and everyone ...

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Pension plan won’t come without fight

The newly appointed commission to review the long-term sustainability of the state pension system will hold its first meeting sometime in the next few weeks. But union officials are already warning of dire consequences should the commission recommend cuts. Maryland ...

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