An editorial from The Washington Post suggests Maryland could achieve full funding of its pension system through planning and leadership.
The Editorial Board of The Washington Post comments on a recent study on state pension obligations performed by JP Morgan Chase, and describes the political factors that guide pension funding decisions. In the editorial, Maryland could finally stabilize pensions. It just needs foresight — and leadership, the Board shares the history of Maryland’s pension funding, and its continuing struggle to reach full funding.
The study by JP Morgan Private Bank, Eye on the Market, Special Edition, The ARC and the Covenants 4.0 considers pension and retiree healthcare costs.