Maryland state pension system launches convenient sign-up for direct deposit
2022 News
For years, retirees receiving a monthly benefit from the Maryland State Retirement and Pension System had to visit their savings institution to sign up for direct deposit of their monthly benefit. No more!
Nominations for retired teacher, employee representatives now underway
September 8, 2022
August 16, 2022.
A recent op-ed argued that “Maryland is wasting its pensioners’ money” by investing system assets in a diversified portfolio rather than simply investing the $70 billion portfolio in a couple of index funds. Doing so would cost the Maryland State Retirement and Pension System, and ultimately State taxpayers, billions of dollars in lost investment earnings. Of even greater concern, the proposal would significantly increase the risk to the portfolio.
February 28, 2022