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.
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.
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.
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.
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.