State Retirement Agency Provides Pension Update to Senate Budget and Taxation Committee

On January 23, the Executive Director and Chief Investment Officer of the State Retirement Agency briefed the Senate Budget and Taxation Committee.  The Executive Director presented a summary of the most recent actuarial valuation, cost-sharing of the Teacher Pensions, and Governmental Accounting Standards Board No. 67 and 68, and Maryland’s recent pension reforms. The Chief Investment Officer discussed the system’s investment returns over the past 25 years, and shared data on the fund’s asset allocations.

The complete presentation of the Agency is available here.

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