Pension

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Md. Senate Advances $39B Maryland Budget

The Maryland Senate advanced the state’s $39 billion budget on Wednesday, finding a quick solution to fill a drop in projected revenues by using money in a long-term plan to strengthen the state’s pension system.

03/12/2014

money, money generic, cash

Md. Senate Panel Makes Budget Decisions

Maryland senators on a key state spending panel voted Friday to plug a budget hole by using more money initially planned to strengthen the finances of the state pension system.

03/07/2014

state house, budget cuts, sequester

Md. Fiscal Officials Oppose Tapping Pension Funds To Close Budget

Two Maryland fiscal officials are urging state lawmakers to reject Gov. Martin O’Malley’s proposal to use some money intended to shore up pension liabilities to fill a budget hole.

02/26/2014

MONEY GENERIC

Anne Arundel Co. Settles Pension Benefits Dispute

Anne Arundel County has settled a pension dispute with three part-time state’s attorneys.

08/10/2013

stephanie rawlings-blake

Rawlings-Blake To Introduce Pension Reform Bill

Baltimore city employees will contribute to their pension plans under a reform bill proposed by the mayor.

04/29/2013

(Credit: AP)

2 Sentenced In Plot To Steal From Pension Plan

Two Maryland men have been sentenced in a conspiracy to steal $9 million from a Vienna-based company’s employee pension plan through a series of bad mortgage loans.

03/08/2013

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Baltimore To Appeal Ruling On Pension Reform

Baltimore officials will appeal a federal judge’s ruling that part of their package of pension reforms to for police officers and firefighters is unconstitutional.

01/02/2013

sparrows point rg steel

Federal Agency Takes Over 2 RG Steel Pension Plans

The federal Pension Benefit Guaranty Corporation says it is taking control of two RG Steel pension plans.

11/29/2012

police car

Court Rules Baltimore City’s Pension Cuts To Firefighters And Police Unconstitutional

Unconstitutional pension cuts. A federal court strikes down Baltimore City’s pension cuts for firefighters and police. It’s a ruling that could cost the city tens of millions of dollars in an already tight budget.

09/20/2012

money, money generic, cash

D.C. Quietly Takes From Workers’ Retirement Plan

The District of Columbia government is taking a portion of workers’ retirement contributions for “administrative expenses” without telling them, and part of the cut goes to the accounting firm of embattled businessman Jeffrey Thompson.

09/19/2012

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Potomac Farms Workers Strike In Md., Va., W.Va.

A strike by Potomac Farms Dairy workers in Maryland, Virginia and West Virginia is in its third day.

09/14/2012

budget money

Pension Board Votes To Keep Assumed Rate Of Return

The State Retirement and Pension System’s 14-member board of trustees has voted to keep the assumed rate of return on investments at 7.75 percent.

07/17/2012

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