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Theresa Lochte Reelected to Board of Trustees
Retired teacher Theresa Lochte has been elected by her fellow educators to a second term on the Board of Trustees of the Maryland State Retirement and Pension System.
Agency Issues Corporate Governance RFI
Responses due by December 19
The Investment Division of the Maryland State Retirement Agency (SRA) has issued a Request for Information (RFI) from interested firms to provide various Corporate Governance Services. Specifically, the RFI seeks one or more firms to provide Corporate Governance Research and Proxy Services; Iran/Sudan Research Services; and Iran/Sudan Engagement Services.
MSRPS Call for Nominations for Public_Member, Investment Committee
Submissions due March 21, 2011
The Board of Trustees of the Maryland State Retirement and Pension System is accepting nominations for one person to serve as an unpaid public member of the retirement system’s Investment Committee for a three-year term beginning July 1, 2011. Nominations must be received by close of business Monday, March 21, 2011.
Nominees must meet the following criteria:
Maryland Pension System Earns 14.3 Percent at Fiscal Year Midpoint
Return exceeds rate for Fiscal Year 2010
The Maryland State Retirement Agency today reported that as of December 31, 2010—the midpoint of fiscal year 2011—the state pension system’s portfolio returned 14.3 percent on investments, increasing the fund’s value by more than $4 billion. These earnings exceed the 7.75 percent actuarially assumed return rate, raising the assets of the system to $36.0 billion, up from $31.9 billion reported at the close of fiscal year 2010, six months before.
Eligible Retirees to Receive Cost of Living Adjustment COLA) in July 2011
Eligible retirees and beneficiaries of the Maryland State Retirement and Pension System will receive a COLA applied to their monthly retirement benefit in July 2011.
MSRA Seeks Advisory Services for Absolute Return Allocation
RFIs due by May 20.
The Maryland State Retirement Agency has issued a Request for Information (RFI) seeking a qualified consulting firm to advise the staff on the Absolute Return portfolio. As of December 31, 2010, the System has roughly $1.6 billion invested in the Absolute Return allocation.
Click here for the printable RFI
Proposals should be emailed to investAR@sra.state.md.us and mailed by 4:00 p.m. on Friday, May 20, 2011 to:
Attn: Art Lynch
120 East Baltimore Street, 16th Floor
Baltimore, MD 21202
Board Resolution Honors William Donald Schaefer
On April 26 the Board of Trustees issued a resolution honoring the late Governor William Donald Schaefer and expressing gratitude for his fifty-plus years of public service—in particular his eight years on the Board from 1999 to 2007.