Baltimore Mayor Stephanie Rawlings-Blake says her administration’s overhaul of the fire and police pension plan in 2010 was done for the good of the city.
Gov. Martin O’Malley has decided to shift some teacher pension costs to Maryland counties, the president of the Maryland Senate said Tuesday, describing it as coupling the state’s second-highest-single-year funding level in school construction with a long-debated change in how the state pays teacher pension costs.
Three Maryland men have been indicted in an alleged conspiracy to steal nearly $10 million from a Vienna-based company’s employee pension plan through a series of bad mortgage loans.
A state commission voted Thursday to seek an attorney general’s opinion on whether Maryland law would allow the state to reduce cost-of-living adjustments for retirees.
Major changes will be coming to 350,000 state workers and retirees. The state doesn’t have enough money to pay what it promised to its retirees.
Maryland lawmakers agreed Monday to state pension and retiree health benefit reforms needed to start addressing huge unfunded liabilities that would pose future financial problems if left unaddressed.
A panel of Maryland lawmakers has settled pension and prescription drug differences between the House of Delegates and Senate.
Maryland’s budget is coming before the House of Delegates.
The Maryland House Appropriations Committee approved an array of budget cuts and fee increases Friday night to restore much of the education money that was targeted under Gov. Martin O’Malley’s budget proposal.
A group of House lawmakers are looking over proposals to reform Maryland’s pension system.
Maryland’s top leaders are crunching the numbers to keep the state moving. Budget talks in Annapolis are heating up again. Thousands of protesters rallied against planned cuts to state worker benefits in Annapolis Monday.
A proposal to increase Maryland state employees’ pension contribution rate from 5 percent to 7 percent is getting a hearing before a House of Delegates committee.
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