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.

Tagged with: 2022 General Assembly session pensions

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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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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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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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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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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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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(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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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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Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s agreement to provide consumer relief via such things as mortgage forgiveness, community reinvestment and affordable rental housing.

Tagged with: Bank of America Banking consumer protection doug gansler mortgage-backed securities pensions Verdicts and Settlements