On Friday morning Maryland’s shore counties spoke before the Eastern Shore Legislative Delegation to express their collective concerns over the proposed teacher pension shift. The panel, consisting of Caroline, Cecil, Dorchester, Kent, Queen Anne’s, Somerset, Talbot, Wicomico, and Worcester counties, argued that shore counties are tapped out. Officials highlighted:
- The decline in revenues has not stopped
- The decline in the Real Property Base has not stopped
- Counties are still adjusting recurring operating cost to the “new normal.”
Additionally, the group outlined common concerns with the proposed shift:
- The current system is dysfunctional. Three independent organizations share responsibility without centralized accountability
- Pension Fund Administered by State Retirement Agency under direction of Board of Trustees
- State Legislature
- Defines benefits and contributions
- Raises revenue to pay the employer share
- Local Boards of Education set salaries tha drive pension benefits and future liability
- Shifting cost to the County government just make it worse-we have NO SEAT AT THE TABLE, yet must pay the bill.
To view the full presentation click here.