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…
Costly, Unbalanced Pension Enhancement Bill Dies in Committee
A costly, unbalanced pension enhancement bill did not receive a vote in the House Appropriations Committee, and therefore died when the General Assembly adjourned sine die. For county governments that…
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…
Printing Money Proposed to Save Public Pensions
An article in Barron's proposes using modern monetary theory to solve the issue of underfunded state public pensions. An article by Randall W. Forsyth in Barron's describes how public sector…
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…
Article Suggests Certain Investments for Public, Church Pensions
As described in an article in Chief Investment Officer, public pensions and church pensions face similar difficulties and might benefit from similar investment models. A white paper written by Rivera…
Coming Soon: The “Real” Pension Investment Fees Report
As spotlighted by The Baltimore Sun, a law passed by the General Assembly requires enhanced transparency regarding the investment fees paid by the Maryland State Pension System. The first report…
Phoenix Voters Nix Plan to Cap Spending, Divert Savings Toward Pensions
Voters in Phoenix, Arizona last week rejected Proposition 106, a ballot measure that would have imposed strict limits on city spending and earmarked revenue over the budget limit to paying down…
