Annual Financial Reports
Every December, the Agency produces an Annual Comprehensive Financial Report that provides information on the financial status of the System for the fiscal year (July 1-June 30) that just ended.
Investments & Financials
The Investment Division is responsible for investing the assets of the System. The investment portfolio is diversified into several asset classes and holds a number of investments within each asset class. In the long run, a well-diversified portfolio determines our long-term performance and ensures that any weaknesses in one area are offset by gains in another. The Board has adopted a strategic asset allocation policy that targets the percentage of funds to be invested in each asset class.
Actuarial Valuation Reports
Valuation reports are prepared annually by the Agency’s actuary to:
- Measure the financial position of the System with regard to funding,
- Provide the Board with contribution rates, and
- Analyze the aggregate experience of the System over the previous year.
Fiscal Year Quarterly Performance Reports
The report includes return and risk characteristics on a quarterly basis.
Fiscal Year Quarterly Updates
The report highlights the System’s market value and allocation by asset class on a quarterly basis.
Read More About Fiscal Year Quarterly UpdatesESG Risk Committee Reports
The report documents the Environmental, Social and Governance activities of the System including how our diligence and oversight practice address ESG risks.
Diversity, Equity and Inclusion
The Maryland State Retirement and Pension System is committed to diversity, equity and inclusion in all aspects of the administration and management of the investment program for the System.
We believe that our decision-making process can be improved by incorporating a diverse set of perspectives and experiences.
Read More About Diversity, Equity and InclusionDivestiture Reports
Iran and Sudan
Semi-annually the Agency reports on the divestment action in relation to Iran and Sudan in compliance with statute 21-123.1.
The Iran-Sudan Divestment statute can be found at: 21-123.1.
Read More About Divestiture ReportsMaryland Pension Risk Mitigation Act Risk Assessment
State law requires that the Board of Trustees of the System (the “Board of Trustees”) provide an assessment that shall identify recent studies or actions by other United States public pension plans, financial institutions, or risk experts, including those related to disclosure, risk assessment, investment principles, or other related issues or activities.
Manager and Broker Opportunities
The Investment Division of the Maryland State Retirement Agency has developed a convenient way for offerors to submit online proposals to provide investment management or brokerage services by completing the appropriate questionnaire below. Minority Business Enterprises (MBEs) are encouraged to pursue manager and broker opportunities with the Maryland State Retirement and Pension System.
Read More About Manager and Broker OpportunitiesOptional Retirement Program
Outlines the available vendors, benefits handbook and performance of the Optional Retirement Program.
The ORP is a defined contribution plan open only to eligible faculty and administrators of Maryland public institutions of higher education and community colleges.
Read More About Optional Retirement ProgramProxy Vote Record
The following reports outline how the System voted on public corporation proxy ballots during the year.
Contact the Investment Division
This web form is for inquiries about our investment program. For general questions about your retirement account or monthly benefit, please visit our contact page.