Multi-year Estimates for Pension Shift Available

Members of the General Assembly, seeking to better understand the proposals in the Governor’s proposed fiscal plan, have requested information on the projected cost of the proposed teacher pension shift. A recent estimate, from the Department of Legislative Services indicates the county costs escalating rapidly — jumping by nearly $70 million immediately in FY 2014, and rising in each subsequent year thereafter, reaching over $358 million by the end of the projection, FY 2017.

Click here to see the county-by-county estimates for FY 2013 – FY 2017

Michael Sanderson

Executive Director Maryland Association of Counties

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