The failures of two U.S. banks this month meant losses for U.S. public-sector pension systems that invested in them.Read More »
Maryland lawmakers to seek pension divestment from Russia
Maryland lawmakers will introduce legislation to direct the state’s $70 billion pension system to divest its relatively small and rapidly declining assets in Russia in response to the war in Ukraine.
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As state lawsuit draws to close, city pensioners’ federal case may resume
A federal judge reopened a case last week challenging aspects of Baltimore’s pension system for police and firefighters that had been stayed for more than two years while state litigation was pending. The plaintiffs, active and retired Baltimore first responders ...
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Judge rules Baltimore pension changes breached contract with police, fire retirees
Changes Baltimore city made to the retirement plan for police and fire employees “retrospectively diminished” their benefits and constitute a breach of contract, a city judge has ruled. The 2010 revisions to the Fire and Police Employees’ Retirement System of ...
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Supreme Court rejects NJ employees’ appeal over pension fund
WASHINGTON — The Supreme Court is refusing to disturb a ruling from New Jersey’s top court that sided with Gov. Chris Christie in a legal fight with public worker unions over pension funds. The justices did not comment Monday in ...
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Md. task force calls for action on retirement savings
Maryland legislators should create a mandatory pension system for private-sector employees, says a report issued by a task force created to study the issue.
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Lockheed pension dispute on hold
Workers accuse the Bethesda-based defense contractor's investment manager of subjecting them to excessive fees and under-delivering on performance.
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Hogan won’t extend pension task force
The incoming governor said he will not extend the life of a task force created to recommend whether to set up a pension system for private-sector employees.
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Deficit shoots up for pension insurer
(AP) The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer pension plans mainly caused the increased deficit. At about ...
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Gabriel J. Michael: How Marylanders can save
Americans are bad at saving. Our saving rates fall well below the majority of other OECD countries, despite the fact that we also lack a nationwide pension system.
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