Baltimore, MD (July 31, 2019) — The Board of Trustees of the
Maryland State Retirement and Pension System today announced that
its portfolio returned 6.46% percent, net of fees, on investments
for the fiscal year that ended June 30, 2019—falling short of the
System’s 7.45% assumed actuarial return rate. The fund’s
performance raised the system’s assets to $54.2 billion, an
increase of $2.4 billion over last year.
Baltimore, MD (July 26, 2019) —The Board of Trustees of the
Maryland State Retirement and Pension System (MSRPS) today voted
to reduce the System’s actuarial assumed rate of return on its
investments from 7.45% to 7.40%. The System’s lower rate will be
effective beginning in fiscal year 2021.
Retired Maryland teachers, state and municipal employees,
correctional officers and police will notice an increase to their
monthly retirement benefit in July as the annual cost-of-living
adjustment (COLA) takes effect.
For retirees from the Employees’ or Teachers’ Retirement System
OR persons who retired on or before July 1, 2011, the COLA rate