Maryland State Retirement and Pension System Board Approves Climate Advisory Panel Charter

For immediate release:
December 17, 2024           

For immediate release:
December 13, 2024           

For immediate release:
December 06, 2024

BALTIMORE, MD — Executive Director Martin Noven announced this week that Thomas Kim has been selected to serve the Maryland State Retirement Agency (SRA) as joint Deputy Chief Investment Officer (CIO) for the Maryland State Retirement and Pension System (SRPS). Kim will report to the agency’s Chief Investment Officer Andrew Palmer, and work alongside Deputy CIO Robert Burd, providing strategic direction and counsel across the entire investment portfolio.

BALTIMORE, MD — The Maryland State Retirement and Pension System (SRPS) reported to its Board of Trustees today that the System generated a 6.93% return for fiscal year ending June 30, 2024, topping its actuarial rate of return by 13 basis points and beating its policy benchmark by 59 basis points. This latest return demonstrates the agency’s track record of consistently meeting or exceeding its benchmarks for long term performance.   

Eligible payees (retirees and beneficiaries) of the Maryland State Retirement and Pension System will notice a boost in their monthly allowance beginning in July as the 2024 cost-of-living adjustment (COLA) takes effect.

BALTIMORE, MD (January 3, 2024) – The Board of Trustees of the Maryland State Retirement and Pension System is seeking nominations for a public member to serve as an unpaid advisor to the retirement system’s Investment Committee for a three-year term beginning July 1, 2024. The term of the incumbent public member is due to expire on June 30, 2024. The committee meets four times each year on the third Tuesdays of February, May, September, and November, typically in the System’s offices in Baltimore.