2017 News

Article

Nominees Sought for State Police Representative on Board of Trustees

One election will be conducted in Spring 2018 for a seat on the Board of Trustees of the Maryland State Retirement and Pension System to choose a State Police Retirement System representative. The seat is open to active and retired members of the State Police Retirement System. Both active members and retirees of the State Police Retirement System will be eligible to vote.

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News Release

Maryland State Retirement & Pension System Earns 10.02% on Investments in FY 2017
Exceeds 7.55% assumed rate of return

The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 10.02 percent on investments for the fiscal year that ended June 30, 2017—exceeding the 7.55 percent assumed actuarial return rate and the plan’s policy benchmark of 9.90 percent. The fund’s performance raised the assets of the system to $49.1 billion, an increase of $3.6 billion over last year.

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News Release

State Retirement Board Reduces Actuarial Assumed Rate of Return
Rate to be reduced from current 7.55% to 7.45% by Fiscal 2020

The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) has voted to reduce incrementally the System’s actuarial assumed rate of return on its investments over the next two years from 7.55% to 7.45%. The Board approved the change at its Tuesday meeting and decided to reevaluate the rate in two years to
determine if additional reductions will be necessary.

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