2019 News
Maryland State Retirement & Pension System Earns 6.46% on Investments in FY 2019
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.
State Retirement Board Reduces Actuarial Assumed Rate of Return
Rate reduced from 7.45% to 7.40% by Fiscal 2021
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.
Eligible retirees to receive cost-of-living adjustment in July
April 18, 2019
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 is 2.443%.