The Maryland State Retirement and Pension System Board of Trustees recently asked the Joint Committee on Pensions to introduce legislation that would amend the current statutory funding policy for the System’s…
A widely anticipated letter from the Maryland State Retirement and Pension Systems spelled out procedures for reporting unfunded liabilities among the local governments who participate in the state pension system…
Fitch Ratings has assigned Wicomico County a AA bond rating as the county prepares to sell $19.8 million in general obligation consolidated public improvement and refunding bonds in a competitive…
An editorial in the Washington Post describes the merits of Governor Hogan's decision to withhold $68 million in education funding with a pledge to provide that funding to the State's pension…
Baltimore Mayor Stephanie Rawlings-Blake has instructed all city agencies to propose spending cuts to help close a $75 million budget shortfall for fiscal 2017. As reported by the Baltimore Sun,…
Democratic leaders in the General Assembly held a press conference yesterday to urge Governor Hogan to release $68 million in additional education funding set aside in the fiscal 2016 budget…
During a revenue briefing in Annapolis yesterday, House and Senate budget committee members questioned the State's Budget Secretary about across the board cuts made to state agencies and what actions…
Recently adopted accounting standards required pension systems to allocate their unfunded liabilities for reporting on financial documents. For a pooled system like the state's (which includes many local government employees…
