2015 News
Call for Nominations for Public Member Investment Committee
The Board of Trustees of the Maryland State Retirement and Pension System is calling for 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, 2016. the term of the incumbent public member is due to expire on June 30, 2016.
Maryland State Retirement Agency reports earnings on investments in FY 2015
The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today acknowledged Sheila Hill as its newest member after the results of the 2015 Employees’ Systems Trustee Election were read at its monthly meeting. Hill’s four year term begins August 1, 2015.
Cost of Living Adjustment
The cost of living adjustment referred to as COLA will be reflected in the July check for all retirees who have been retired one full year as of July 1st. For retirees who retired under the Retirement System or retired on or before July 1, 2011, the COLA will be 1.622%.
Andrew C. Palmer named Chief Investment Officer
Following a nationwide search, the Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) today announced that Andrew C. Palmer has been selected as the system’s Chief Investment Officer (CIO).
2015 Employees’ System Trustee Election
Beginning on May 19, 2015, eligible members and retirees of the Employees’ Systems (Correctional Officers’ Retirement System, Employees’ Retirement System, Employees’ Pension System, Judges’ Retirement System, the Legislative Pension Plan, the Local Fire and Police System and the Law Enforcement Officers’ Pension System) will have the opportunity to cast their vote in the 2015 Employees’ Systems Trustee Election. This election will utilize the State Retirement Agency’s electronic voting process.
Pension Actions Taken by the 2015 Maryland General Assembly
Recent news accounts have left many with the mistaken impression that the pension fund had been “raided” by the General assembly during the recently-completed session.