Pension Reform is Possible: Look to Pennsylvania

7/4/17

By Tom Baden, The Daily Record

After years of elected officials treating the Maryland state pension system like a bottomless trust fund, it is $20 billion underfunded with no plan to fix it save a market miracle. Last fiscal year the fund returned 1.16 percent -- well below its target 7.55 percent. And over the past 10 years it's achieved an average.

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