Maryland House Budget committee restores school aid, pay hikes; cuts pension contribution
Photo above: House Appropriations Committee Chair Maggie McIntosh and House Speaker Michael Busch By Len Lazarick [email protected] In a unanimous
Read morepension
Response: State pension system says reforms put Md. on trajectory to full funding
By R. Dean Kenderdine Executive Director, State Retirement Agency While we can certainly agree with Mr. Hayward’s opening statement that
Read moreBarry Rascovar: O’Malley’s latest pension grab
It takes quite a bit for the quiet, diplomatic State Treasurer, Nancy Kopp, to criticize her fellow Democrat, Gov. Martin O’Malley. But she gently laid it on the line in opposing O’Malley’s $100 million budget cut for state pension contributions.
“It’s a question of trust,” Kopp said
Read moreLegislator wants to reduce risky investments in pension fund
A legislator who has spent his career as a financial advisor and investor is seeking to force the state pension system to limit what he sees as risky investments in private equity, hedge funds and other alternative assets.
The investment managers at the State Retirement Agency told the House Appropriations Committee Tuesday that Del. Steve Schuh’s legislation, HB819, will mean lower returns on investment and less diversification for the $38 billion fund that pays for pensions for teachers and state employees.
Read moreHow many more billions did politicians take from us in 2012?
The U.S. Census Bureau recently released its Annual Survey of State Government Finances for 2011, and it shows the “revenue crisis” politicians
Read more
Fiscal reality wins a victory in Wisconsin
Maybe average Wisconsin voters didn’t consciously know each household must pay $1,563 in extra taxes every year for the next
Read more