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.
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.
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.
Anne Arundel County has settled a pension dispute with three part-time state’s attorneys.
Baltimore city employees will contribute to their pension plans under a reform bill proposed by the mayor.
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 officials will appeal a federal judge’s ruling that part of their package of pension reforms to for police officers and firefighters is unconstitutional.
The federal Pension Benefit Guaranty Corporation says it is taking control of two RG Steel pension plans.
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.
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.
A strike by Potomac Farms Dairy workers in Maryland, Virginia and West Virginia is in its third day.
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.