Supply Chain Issues & Rising Costs Impact Public Works 

Nationally, supply chain squeezes and rising inflation create delays and higher expenses on public works projects.   Across the country, public works departments are experiencing supply chain delays and significant rising costs. Basic infrastructure items, like the hooks to hang traffic lights, have in some cases more than tripled in cost, while the cost of oil in asphalt mix has risen by 42 percent.   This jump in prices has caused concerns over the $1 trillion…

Comments Off on Supply Chain Issues & Rising Costs Impact Public Works 
MACo OPEB Trust Offers Plug-and-Play Solution for Healthcare Liabilities

The MACo OPEB Investment Trust - designed to help counties put current assets to work toward long-term health care liabilities - is performing well, delivering healthy returns, and serving member needs. Trustees convened this week for a quarterly remote meeting to review its performance and management. The Board of Trustees of the MACo OPEB Investment Trust convened a quarterly meeting via WebEx on September 10. In addition to reviewing investment strategy and performance, and discussing…

Comments Off on MACo OPEB Trust Offers Plug-and-Play Solution for Healthcare Liabilities
State Pension System Reports Record-Setting Earnings

Fund grows more than $13 billion to nearly $68 billion. The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) announced that its portfolio returned a record-setting 26.7%, net of fees, on investments for the fiscal year that ended June 30, 2021. The fiscal year earnings far exceeded the System’s 7.40% assumed actuarial return rate and surpassed its policy benchmark of 24.41 by 230 basis points. In addition, the fund’s performance raised…

Comments Off on State Pension System Reports Record-Setting Earnings
MD General Assembly Posts Pre-Filed Bill List

The Maryland General Assembly Senate and House pre-filed bill lists are now available on the General Assembly website. Although the list of pre-file bills are available, there is no bill text at this time. Currently, readers are able to view the bill title, sponsor, and committee assignment. As of today, there are 780 total House and Senate pre-filed bills and resolutions listed on the website. This will be updated to reflect updates on the General…

Comments Off on MD General Assembly Posts Pre-Filed Bill List
Preview the 2021 Session “Big Picture”

A compilation of Issue Papers previews major fiscal and policy issues facing the General Assembly in the year ahead. This year’s report also includes a special section devoted to issues resulting from the COVID-19 pandemic. This resource is a handy guide to the top issues that your legislators will be tackling in 2021 – a great preparation document for county officials in advance of meetings with their local Delegations. Developed by the Department of Legislative…

Comments Off on Preview the 2021 Session “Big Picture”
Maryland’s Pension System Earns 3.6%, Falls Short of Annual Goal
Source: Maryland State Retirement and Pension System
Maryland’s Pension System Earns 3.6%, Falls Short of Annual Goal

Fund grows $563 million to nearly $55 billion, falls short of assumed actuarial rate. The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) last week announced that its portfolio returned 3.57%, net of fees, on investments for the fiscal year that ended June 30, 2020. The fiscal year returns reflect the ongoing impact of the COVID-19 pandemic on global markets. Although the fiscal year earnings fell short of the System’s 7.40%…

Comments Off on Maryland’s Pension System Earns 3.6%, Falls Short of Annual Goal
2020 End of Session Wrap-Up: Pensions

An overview of MACo’s advocacy on pensions issues in the 2020General Assembly.  Half of Maryland’s counties participate in the State’s pension system, and the other half support their employees through local pension systems. MACo’s pension advocacy includes defending local authority to define the elements of county-run pension systems, and protecting the interests of county governments participating in the State’s pension system. This year, for the first time in since the Civil War, the General Assembly…

Comments Off on 2020 End of Session Wrap-Up: Pensions
Counties Support “Local Option” Amendment for Pension Enhancements

MACo Executive Director Michael Sanderson testified to the House Appropriations Committee, in support with amendments to HB 659 - Law Enforcement Officers' Pension System - Benefits. This bill presents a significant unfunded mandate on county governments by increasing the normal service retirement benefit multiplier for members of the Law Enforcement Officers’ Pension System from 2.0% to 2.5%. The bill also raises – for the second time in three years – the cap on normal service…

Comments Off on Counties Support “Local Option” Amendment for Pension Enhancements
Preview the 2020 Session “Big Picture”

A compilation of Issue Papers previews major fiscal and policy issues facing the General Assembly in the year ahead. This resource is a handy guide to the top issues that your legislators will be tackling in 2020 – a great preparation document for county officials in advance of meetings with their local Delegations. Developed by the Department of Legislative Services (DLS), the 2020 Issue Papers are an annual staple for the Annapolis policy-inclined population. They are also…

Comments Off on Preview the 2020 Session “Big Picture”
Close Menu