Network News

X My Profile
View More Activity
Posted at 5:40 AM ET, 07/22/2010

Md. pension portfolio grows 14 percent

By Mike McPhate

Maryland's state pension system, responsible for retirement funds of more than 116,000 retirees and beneficiaries, grew beyond expectations the last fiscal year.

That's welcome news after two years of decline.

The Maryland State Retirement and Pension System's portfolio returned more than 14 percent on investments. The assumed rate of return had been 7.75 percent.

The assets of the system were raised to $31.8 billion.

In fiscal 2008, the portfolio dropped 5.4 percent; 2009, it fell more than 20 percent.

Information from: The Baltimore Sun

-- Associated Press

By Mike McPhate  | July 22, 2010; 5:40 AM ET
Categories:  Maryland  
Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati   Google Buzz   Previous: Md. reports decline in infant mortality
Next: Va. upgrades state government Web site

No comments have been posted to this entry.

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2011 The Washington Post Company