Search: News

Eligible members of the Maryland State Retirement and Pension System who wish to serve on the plan’s Board of Trustees may request nomination packets starting September 4 through December 4, 2020.

Eligible candidates will then vie for two Board seats in an election slated for spring 2021.

Each potential candidate must obtain the signatures and dates of birth of 150 persons who are eligible to vote in the election. Both active members and retirees of the applicable systems will be eligible to vote.

BALTIMORE, MD (January 21, 2020) – The Board of Trustees of the Maryland State Retirement and Pension System is calling for 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, 2020. The term of the incumbent public member is due to expire on June 30, 2020. The committee meets four times each year on the third Tuesdays of February, May, September and November, in the System’s offices in Baltimore.

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.

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%.

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.