Maryland is short about 38 percent of the estimated $58.5 billion in pension and other benefit payments owed to retired workers over the next 30 years, though it “ranks reasonably well” among all states in funding its government pension system, according to a study.
The state is due to dole out an estimated $44 billion in pension payments and $14.5 billion in other retiree benefits over the next few decades, according to a report released Tuesday by the Pew Center on the States. Maryland has $36 billion set aside for pension payments but almost no money planned for benefits.
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