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Will State Employee Pensions Bankrupt Maryland?

Economic & Fiscal Policy

MPPI IN THE NEWS

MARCH 31, 2010 MailE-MAIL THIS PrintPRINTER FRIENDLY Bookmark and Share

Maryland is running a $2 billion deficit and filling budget holes with one-time fixes. One bill, the state's $65 billion pension and retiree benefits liability for state and local employees, can't be paid by transferring funds and could cause serious damage to the state's ability to fulfill core services in coming years.As the February Pew Center on the States report, "The Trillion Dollar Gap: Underfunded State Retirement Systems and the Roads to Reform," said: "Maryland's management of its long-term pension liability is a cause for serious concern."

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