Sunday, November 14, 2010
MD, VA state employee pension fund melting away
The seriousness of state pension systems in Maryland, and slightly less so in Virginia, was analyzed in the Washington Examiner Sunday Nov. 14. Hayley Peterson’s story is “Md. Facing $33 billion pension gap, analysts say”. The Pew Center on the states will report on both states in February 2011. In Maryland, pension contributions and general fund payments will not account for the increase in teacher pensions. Virginia’s situation is slightly more flexible because it has a local board system. The link is here.