2023 News
Investing Education Program Registration Deadline Extended to September 22, 2023
Baltimore, MD (September 12, 2023) — The Maryland State Retirement Agency has partnered with DIME, a program that seeks to build the next generation of young investors, both inside and outside the investment industry.
Maryland State Retirement Agency Partners With Investing Education Program
Registration Deadline Is September 8
Baltimore, MD (August 31, 2023) — The Maryland State Retirement Agency has partnered with DIME, a program that seeks to build the next generation of young investors, both inside and outside the investment industry.
DIME, a 501(c)3 foundation established in 2020, manages a two-year investment program that gives diverse and other high school students the opportunity to compete for scholarships while learning about the underpinnings of the U.S. capital market system. The acronym, DIME conveys the program’s values through Diversity Investment Management Engagement.
Board of Trustees of the Maryland State Retirement and Pension System
Position Statement Regarding Fair Treatment of Hotel Employees
Baltimore, MD (August 15, 2023) — Recently, it has come to the Board’s attention, through information provided by Unite Here, that certain human capital management practices regarding hotel employees may be inconsistent with the Board’s policies and values. As a responsible asset owner and steward of public pension funds, the Board of Trustees is committed to promoting strong labor policies among its partners to maximize the long-term value of its investments.
State Retirement and Pension System ends volatile fiscal year with 3.14% return
Baltimore, MD (August 15, 2023) — The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) confirmed today that the System generated a return of 3.14%, net of fees, for the fiscal year ending June 30, 2023, beating its policy benchmark of 2.20%. The fund’s performance raised the System’s assets to $65.2 billion, an increase of nearly $600 million over the prior fiscal year. The System’s diversified and risk-balanced asset allocation is designed to reduce the probability of large market losses while producing the targeted long-term returns.
Cost-of-living adjustment (COLA) payable to eligible payees in July 2023
Baltimore, MD (April 18, 2023)—Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice an increase in their monthly allowance beginning in July as the 2023 cost-of-living adjustment (COLA) takes effect.
Maryland State Retirement and Pension System Seeks Nominees to Serve as a Public Member of the Investment Committee
January 5, 2023
The Board of Trustees of the Maryland State Retirement and Pension System is seeking nominations for a public member to serve as an unpaid advisor to the retirement system’s Investment Committee for a three-year term beginning July 1, 2023. The term of the incumbent public member is due to expire on June 30, 2023. The committee meets four times each year on the third Tuesdays of February, May, September, and November, typically in the System’s offices in Baltimore.