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Abell Foundation awards grant to MarylandReporter.com for pension series
The Abell Foundation of Baltimore has awarded a $35,000 grant to MarylandReporter.com to produce a year-long series of stories on Maryland’s pension system for teachers and public employees. In its...
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State pension system pays too much to advisors, think tanks assert;...
By Len Lazarick Len@MarylandReporter.com Two of Maryland’s free-market think tanks are again attacking the Maryland pension system for spending too much money on investment advisors who are not...
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Bills would phase out reduced funding for pensions
By Len Lazarick Len@MarylandReporter.com Testifying before House Appropriations Committee, from left: Dean Kenderdine, executive director of the State Retirement Agency; Del. Melony Griffith, House...
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Senate budgeters cut pension contribution by $100 million
By Len Lazarick Len@MarylandReporter.com Sen. Ed Kasemeyer The Senate Budget and Taxation Committee voted Thursday to cut $100 million in contributions to the State Retirement and Pension System for...
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$37 billion budget passes easily, including cut in pension funding
By Len Lazarick Len@MarylandReporter.com House of Delegates 2013 A $36.9 billion state budget for fiscal 2014 easily passed the House of Delegates and state Senate Friday, with less Republican...
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Pension system advisor ‘very disappointed’ in legislative cut in contribution
Advisor Brian Murphy, left foreground, testifies to state pension board Tuesday. By Len Lazarick Len@MarylandReporter.com The outside advisor for the Maryland pension system told its Board of Trustees...
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Md. pension system earns 10.6% on investments
New York Stock Exchange on Wall Street (Photo by benontherun.com/Flickr) The Maryland state pension system achieved a 10.6% return on its investment portfolio for the fiscal year that ended June 30,...
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$50 billion in unfunded state and local retirement benefits, study says
By Len Lazarick Len@MarylandReporter.com The money Maryland’s state and local governments have failed to set aside to fulfill pension promises made to teachers and employees has ballooned to more than...
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Unions, pension board unhappy O’Malley cut $100M in promised payment to...
By Len Lazarick Len@MarylandReporter.com IMarch 15, 2011, Alvin Thornton (in suit) and union leaders head march to State House. The largest unions representing state workers and public school teachers...
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Senate rejects GOP cuts to $39 billion budget; Miller gripes about...
By Len Lazarick Len@MarylandReporter.com Budget Chairman Ed Kasemeyer at podium presents budget to the Senate. With minimal debate, the Maryland Senate rejected a half dozen Republican attempts to...
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