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Maryland State Retirement Posts Fiscal Year Gains, Lowers Assumed Rate of Return
Pensions & Investments Link to more items from this source
July 16, 2013
"Maryland State Retirement & Pension System, Baltimore, returned a preliminary 10.6% for the fiscal year ended June 30, net of fees ... The investment return exceeded the pension fund's 8.6% benchmark and represented a $3.2 billion gain for the retirement system, which reached $40.3 billion in assets.... The fiscal year returns also exceeded the pension fund's 7.75% assumed rate of return, which the board voted to lower to 7.55%[.]"

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