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.


money, money generic, cash

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.


budget meeting

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.


classroom, generic school, desk

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.


Stephanie Rawlings-Blake was elected mayor of Baltimore.  She took over the office after former Mayor Sheila Dixon was forced to resign.

Rawlings-Blake Testifies At Union Pension Trial

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.


money, money generic, cash

O’Malley Discusses Shift Of Pension Costs In Md.

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.


court generic

3 Indicted In Theft Scheme From Pension Plan

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.



Md. Pension Panel Makes Final Recommendations

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.


35 billion

Legislature To Vote On New State Retirement Plan

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.


money, money generic, cash

Md. Lawmakers Agree On Pension Reform

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.


money, money generic, cash

Md. Lawmakers Settle Pension Differences

A panel of Maryland lawmakers has settled pension and prescription drug differences between the House of Delegates and Senate.