Maryland State Retirement and Pension System Seeks Nominees to Serve as a Public Member of the Investment Committee

Post

For immediate release:
January 22, 2025  

Contact: Katherine Morris
kmorris@sra.state.md.us

BALTIMORE, MD (January 22, 2025) – 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, 2025. The term of the incumbent public member will expire on June 30, 2025.  The committee generally meets four times per year but may meet more or less frequently as needed. Currently, six meetings are scheduled for calendar year 2025.

State law requires that three non-board members who have the following investment experience and other qualifications serve as advisors to the System’s Investment Committee:

  • Nominee is not a member, retiree, or beneficiary under any of the several Maryland State Retirement and Pension System plans,
  • Nominee has had experience in the management and control of large investments, and
  • Nominee has at least 10 years of substantial experience as any one or a combination of the following:
  1. A portfolio manager acting in a fiduciary capacity;
  2. An employee or principal of a trust institution, investment organization, or endowment fund acting either in a management-related or an investment-related capacity;
  3. A chartered financial analyst in good standing; or
  4. A professional engaged in a public or private financial or investment field that is comparable to the fields listed in this item.

Nominations should be submitted in writing to the attention of Martin Noven, Executive Director, Maryland State Retirement Agency, 120 East Baltimore Street, Baltimore, MD 21202 or by e-mail at mnoven@sra.state.md.us by Monday, February 28, 2025.

The Maryland State Retirement and Pension System is charged with the fiduciary responsibility for properly administering the retirement and pension allowances of nearly 168,000 retirees and beneficiaries as well as the future benefits for more than 245,000 active and former members. These groups include state government employees, teachers, law enforcement personnel, legislators, judges and local government employees and fire fighters whose employers have elected to participate in the system.

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