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O’Malley talks about teacher pensions and tolls
Gov. Martin O’Malley said Monday he has always favored the state paying teacher pension costs, but he will keep an open mind during debate on whether to shift some of the cost to counties. O’Malley,...
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General Assembly ethics commission holds first meeting
ANNAPOLIS — A new ethics commission in the Maryland General Assembly has held its first meeting to review state ethics policies. The seven-member panel of state senators met Friday to begin discussing...
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Proposed tax on commercial mortgages decried
&via=&related=DolcePixel"> Some commercial real estate brokers and bankers in Maryland are fighting a proposal making its way through the General Assembly that would set a new tax on...
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Lawmakers meet to hash out budget differences
ANNAPOLIS — Maryland lawmakers and legislative staff are hoping to iron out differences in budgets passed by the state Senate and House of Delegates by midweek. A committee of legislators began...
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States’ financial woes likely to erode services
WASHINGTON — U.S. states face long-term budget burdens that are already limiting their ability to pay for basic services such as law enforcement, local schools and transportation, a report released...
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Bristol-Myers exec charged with insider trading
NEWARK, N.J. — A Bristol-Myers Squibb executive has been charged with insider trading. The U.S. attorney’s office in Newark, N.J., says Robert Ramnarine bought and sold stock in companies that his...
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Maryland benefit systems in peril
&via=&related=DolcePixel"> Maryland counties are funding only about 50 percent of their retiree pension and benefit systems, according to a study by the Maryland Public Policy Institute, in...
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Baltimore budget includes cab tax, pension reform
Baltimore Mayor Stephanie Rawlings-Blake will propose a $2.4 billion budget Wednesday that includes a new tax on cab rides but increases a property tax credit and includes a 2 percent pay raise for...
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Maryland pensions see 10.6 percent return
&via=&related=DolcePixel"> An improving stock market helped Maryland’s $40.25 billion pension system enjoy a 10.6 percent return on investment in fiscal 2013, the Maryland State Retirement...
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State dismisses report on underfunded pensions
&via=&related=DolcePixel"> The state pension system continues to be inadequately funded, according to a report released by the Maryland Public Policy Institute....
View ArticleEye Opener: Tax cuts in an election year?
A few government and politics headlines for Wednesday.
View ArticleEditorial: Should the state help?
Task forces come and go. Some of them aren’t really expected to produce anything. They’re just a convenient, face-saving way for politicians to kick the can down the road on difficult issues.
View ArticleMaryland to get $75M, plus consumer relief, under BofA settlement
Maryland’s share of the $17 billion Bank of America settlement includes $75 million in compensation for state and local governments and their pension plans — and that’s not counting the bank’s...
View ArticleGabriel J. Michael: How Marylanders can save
Americans are bad at saving. Our saving rates fall well below the majority of other OECD countries, despite the fact that we also lack a nationwide pension system.
View ArticleDeficit shoots up for pension insurer
(AP) The federal agency that insures pensions for about 41 million Americans saw its deficit nearly double in the latest fiscal year. The agency said the worsening finances of some multi-employer...
View ArticleHogan won’t extend pension task force
The incoming governor said he will not extend the life of a task force created to recommend whether to set up a pension system for private-sector employees.
View ArticleLockheed pension dispute on hold
Workers accuse the Bethesda-based defense contractor's investment manager of subjecting them to excessive fees and under-delivering on performance.
View ArticleMd. task force calls for action on retirement savings
Maryland legislators should create a mandatory pension system for private-sector employees, says a report issued by a task force created to study the issue.
View ArticleSupreme Court rejects NJ employees’ appeal over pension fund
WASHINGTON — The Supreme Court is refusing to disturb a ruling from New Jersey’s top court that sided with Gov. Chris Christie in a legal fight with public worker unions over pension funds. The...
View ArticleEditorial: Should the state help?
Task forces come and go. Some of them aren’t really expected to produce anything. They’re just a convenient, face-saving way for politicians to kick the can down the road on difficult issues.
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