Pension
Rawlings-Blake To Introduce Pension Reform Bill
Baltimore city employees will contribute to their pension plans under a reform bill proposed by the mayor.
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.
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.
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.
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.
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.
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.
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.
Budget Panel Talks About Teacher Pension Sharing
Stuck on how to raise income taxes, Maryland lawmakers on Thursday began wrestling with how they will split the cost of teacher pensions with local governments.
Maryland Budget Puzzle Still Murky
Senate President Thomas V. Mike Miller is warning lawmakers this will be one of the most contentious sessions ever in terms of dealing with the budget.
Counties Warn Of Cuts If They Pay Md. Pensions
Montgomery County school officials say they would have to cut 600 teachers and increase class sizes if lawmakers in Annapolis approve Gov. Martin O’Malley’s proposal to shift teacher pension costs to the counties.
Budget Frustrates Residents & Local Officials
Local Maryland officials and state residents on Wednesday expressed strong disapproval with provisions of a difficult budget-balancing measure, which includes a controversial shift of teacher pension costs to counties as well as increases in taxes and fees.
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