2010 News
A. Melissa Moye, Ph.D. Named Interim CIO of Maryland State Retirement and Pension System
Dr. Moye assumes duties upon Mansco Perry, III's departure at the end of October
The Maryland State Retirement and Pension System (MSRPS) today announced that A. Melissa Moye, Ph.D. has been named acting Chief Investment Officer (CIO) by the Board of Trustees—temporarily taking over the position until the search for a permanent replacement can be completed. Dr. Moye will take over the position at the end of the month when Mansco Perry, III leaves MSRPS to start in his new position as CIO of the endowment fund of Macalester College in Saint Paul, Minnesota.
Trustee Election Slated for Summer 2011
The Maryland State Retirement and Pension System’s Board of Trustees will hold an election in the summer of 2011 to elect a retired Teachers’ and retired Employees’ representative.
Chief Investment Officer Mansco Perry, III Leaving Maryland State Retirement and Pension System
Appointed CIO of Macalester College’s $587 million endowment fund
The Maryland State Retirement and Pension System (MSRPS) today announced that Chief Investment Officer (CIO) Mansco Perry, III has accepted the position of CIO of the endowment fund of Macalester College in Saint Paul, Minnesota and will be leaving his Maryland post at the end of the month. The June 30, 2010 market value of the college endowment was $587 million, which supports scholarships for students, academic programs, and salaries for faculty and staff. Mr. Perry has served as the CIO for the state retirement and pension system since April 30, 2008.
Maryland State Retirement Agency Revises FY 2010 Earnings on Investments to 14.03%
Exceeds 7.75% assumed return
The Board of Trustees of the Maryland State Retirement and Pension System has been informed that its portfolio returned 14.03 percent on investments for the fiscal year that just ended June 30, 2010—exceeding the 7.75 percent assumed actuarial return rate. The performance raised the assets of the system to $31.84 billion. Earnings previously had been reported at 14.05%, but one of the System’s investment managers had mistakenly over-reported one of their holdings for the month of June, resulting in the slightly downward revision.
MSRA Earns 14.05% on Investments in FY 2010
Exceeds 7.75% assumed return
The Board of Trustees of the Maryland State Retirement and Pension System has been informed that its portfolio returned 14.05 percent on investments for the fiscal year that just ended June 30, 2010—exceeding the 7.75 percent assumed actuarial return rate. The performance raised the assets of the system to $31.848 billion.
MSRPS Hires New Real Estate Consultant, Rehires Private Equity Consultant
The Maryland State Retirement Agency (SRA) today announced that it has signed two new five-year contracts with a real estate consultant and a private equity consultant to assist the Agency’s Investment Staff in the identification, evaluation, and monitoring the Agency’s alternative investment activities. Both contracts have two, one-year renewal options.
MSRPS Trust Grows More Than 20% in First Three Quarters of FY 2010
The Maryland State Retirement and Pension System today announced that its investment returns have grown 20.4% since the fiscal year began on July 1, 2009. Compared to the same time last year, the System’s returns have grown an impressive 34.6%. The Retirement System ended the third quarter on March 31, 2010 with a value of $33.7 billion—an increase of 3.6% over the previous quarter.
Agency Seeks to Add Four Senior Investment Analysts
Investment Division Will Expand 25% with New Hires
The Maryland State Retirement Agency has begun a search to fill four Senior Investment Analyst positions within its Investment Division. These positions will work as part of a team that ensures prudent investment of the Maryland State Retirement and Pension System’s $35 billion in assets.
Negative COLA for State Retirees Delayed One Year by Legislature
Governor Martin O’Malley has signed into law legislation that precludes an unprecedented negative cost of living adjustment (COLA) for state retirees and beneficiaries in fiscal year 2011, which begins July 1, 2010. Under the law, benefits will remain at their current levels and the negative cost of living adjustment that would have gone into effect, will instead be deducted from the positive COLA expected in fiscal year 2012.
Retirement Estimate and Furlough Information
The Maryland State Retirement Agency is experiencing a significantly increased volume of requests for retirement estimates. You can expect at least an eight week response time. The Agency is handling these in retirement date order. First priority is being given to retirement estimates with a July 1, 2010 or earlier effective date. Second priority is being given to retirement estimates with an August—December 2010 effective date.
New Website Design
We hope you’re enjoying the new design. In addition to the updated look, we’ve made a lot of adjustments in navigation and content in order to provide a more user-centered experience.
Usability
We’ve reorganized our content to be more task-oriented and paid close attention to context and relevance.
You’ll notice the home page is a lot cleaner now. Here you can expect to see content which is relevant to everyone, as more specific information is now much easier to find.