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Poor performance puts Maryland pension system further in debt

By Hayley Peterson
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Poor performance puts Maryland pension system further in debt

Poor investment earnings have pushed Maryland’s $37.1 billion pension system deeper into debt, which could threaten the state’s platinum triple-A bond rating.

The pension system — which covers more than 370,000 current and retired public school teachers, police and state employees — earned 0.36 percent on its investments in fiscal 2012, according to the Maryland State Retirement and Pension System.

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Hayley Peterson Local News Maryland