The Maryland Public Policy Institute (MPPI) recently published a
report criticizing the level of management fees, transparency and
asset allocation of the Maryland State Retirement and Pension
System (System), as well as other state pension plans.
Unfortunately, and consistent with past analyses, the report is
poorly constructed, using inaccurate data, flawed methodologies
and erroneous assumptions, leading to conclusions that have no
practical application to the management of the System’s assets.