Another woe: Maryland pension system underfunded

Published January 10, 2010 5:00am ET



Maryland’s $2 billion budget shortfall is chump change compared with the $8 billion in state pension funding lost last year, some lawmakers say.

“The budget problem is completely eclipsed by our state pension system,” said Del. Roger Manno, D-Silver Spring. “The numbers are horrific. They are terrifying.”

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