Investing Education Program Registration Deadline Extended to September 22, 2023
2023 News
Baltimore, MD (September 12, 2023) — The Maryland State Retirement Agency has partnered with DIME, a program that seeks to build the next generation of young investors, both inside and outside the investment industry.
Registration Deadline Is September 8
Baltimore, MD (August 31, 2023) — The Maryland State Retirement Agency has partnered with DIME, a program that seeks to build the next generation of young investors, both inside and outside the investment industry.
Baltimore, MD (August 15, 2023) — The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) confirmed today that the System generated a return of 3.14%, net of fees, for the fiscal year ending June 30, 2023, beating its policy benchmark of 2.20%. The fund’s performance raised the System’s assets to $65.2 billion, an increase of nearly $600 million over the prior fiscal year. The System’s diversified and risk-balanced asset allocation is designed to reduce the probability of large market losses while producing the targeted long-term returns.
Position Statement Regarding Fair Treatment of Hotel Employees
Baltimore, MD (August 15, 2023) — Recently, it has come to the Board’s attention, through information provided by Unite Here, that certain human capital management practices regarding hotel employees may be inconsistent with the Board’s policies and values. As a responsible asset owner and steward of public pension funds, the Board of Trustees is committed to promoting strong labor policies among its partners to maximize the long-term value of its investments. The Board believes and research supports that a diverse, fairly compensated and well-trained workforce is best positioned to deliver high quality products and services, which in turn increases the likelihood of meeting investment objectives.
Baltimore, MD (April 18, 2023)—Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice an increase in their monthly allowance beginning in July as the 2023 cost-of-living adjustment (COLA) takes effect.