State Retirement Board Reduces Actuarial Assumed Rate of Return

Rate to be reduced from current 7.55% to 7.45% by Fiscal 2020

The Board of Trustees of the Maryland State Retirement and Pension System (MSRPS) has voted to reduce incrementally the System’s actuarial assumed rate of return on its investments over the next two years from 7.55% to 7.45%. The Board approved the change at its Tuesday meeting and decided to reevaluate the rate in two years to determine if additional reductions will be necessary.

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