Maryland Pension System Tops Target With 13.19% Return

Maryland’s pension system posted a 13.19% net investment return in fiscal 2026, well above its actuarial target and adding another year of positive long-term performance for the $82.1 billion fund. The Maryland State Retirement and Pension System announced the results this week. The 13.19% return for the fiscal year ending June 30 exceeded the System’s 6.80% actuarial target by 6.39 percentage points. The fund tracked its investment benchmark much more closely, outperforming it by 3…

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From Pipeline to Paycheck: Aligning Workforce and Economic Growth at #MACoCon

As industries change, counties are adapting workforce strategies to better meet the needs of both residents and employers. A strong workforce is one of a county's greatest economic assets, but building it requires more than attracting new employers. It depends on ensuring residents have clear, accessible pathways to quality careers while employers have access to the skilled talent they need to grow. As industries evolve and labor market demands shift, counties are increasingly working with…

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Research Finds AI Is Changing Jobs More Than Eliminating Them

Artificial intelligence has become an easy target as hiring slows and job seekers face a more competitive market, but new research suggests the technology is not the primary reason for today's employment challenges. As covered in a Baltimore Banner article, a collaborative study led by researchers at the University of Maryland Robert H. Smith School of Business analyzed 155 million US job postings between 2018 and 2025 and found no evidence that AI is reducing…

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Research Examines Data Center Job Creation

Data centers can bring significant investment to a community, but permanent job creation may depend on the type of facility being built. A Governing article encourages local governments to take a close look at projected employment benefits before approving projects or negotiating incentive agreements. From the article: The large facilities most often pitched to communities under financial pressure are colocation centers — essentially landlord operations that rent space, power and cooling to multiple tenants who bring…

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Beyond the Original Grand Bargain: Maryland’s Evolving Workers’ Comp System

Workers’ compensation systems were designed around the idea that employees injured on the job would receive guaranteed benefits without having to prove employer fault, while employers would receive protection from unpredictable lawsuits and liability. This framework is often referred to as the “grand bargain” concept and has shaped workers’ compensation law across the country for more than a century. Workers’ compensation emerged as a compromise between labor and industry during the late nineteenth and early…

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MD Sets Payment Limits on Ozempic Amid Rising Prescription Costs

Maryland’s Prescription Drug Affordability Board has taken another step to rein in prescription costs. The Board voted to cap payments for Ozempic in state and local government health plans, a move projected to save public employers millions each year. Maryland’s Prescription Drug Affordability Board (PDAB) determined Ozempic is unaffordable for people living in the state. The Board voted to place upper payment limits on the diabetes and weight-loss drug for state and local government health…

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County HR Professionals Convene for MACo’s 2026 HR Affiliate Conference

County human resources professionals came together this week at MACo's 2026 Human Resources Affiliate Conference, held at the Claggett Center in Frederick County. The two-day event blended networking and timely policy discussions, equipping local HR leaders with tools and insights to navigate an increasingly complex workforce landscape. The conference opened on May 6 with a welcoming reception and dinner, offering attendees the opportunity to connect with peers from across jurisdictions before a full day of…

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2026 Session: Recap and Wrap-Ups

Catch up on all of the latest outcomes of the 2026 Maryland General Assembly session with wrap-ups on important county-related bills in each policy area. Maryland’s 448th legislative session unfolded under significant fiscal pressure. Lawmakers closed the fiscal 2027 gap, preserved reserves, and fully funded principal commitments, such as the Blueprint, but did not resolve the larger structural deficits projected for the years ahead. That budget pressure shaped debates across nearly every policy area, from…

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2026 End of Session Wrap-Up: Employee Benefits & Relations

The segments below provide a brief overview of MACo’s work on employee benefits and relations policy in the 2026 General Assembly session. County governments are major public employers, responsible for managing a diverse workforce that delivers critical public services. To this extent, MACo advocates to ensure that state employment laws are fair, balanced, and workable for public sector employers, particularly when proposals uniquely or disproportionately affect government operations or essential personnel. During Maryland's 448th legislative…

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FAMLI Regulations Finalized, Marking Major Step Toward Launch

Maryland’s Family and Medical Leave Insurance (FAMLI) program continues to take shape with final regulations that include several key updates for employers and stakeholders. Chapters 1–5 of FAMLI’s regulations are now officially in effect and published in the Code of Maryland Regulations. Click here to read the regulations. The application window for public and private employers interested in offering a private plan will run from September 1 through November 15, 2026. Employers choosing this option…

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