Maryland State Retirement & Pension System
public plan · State of Maryland · Rockville, MD
Funding History
What This Means for You
Maryland State Retirement & Pension System is 69% funded, which is below the 80% threshold that actuaries consider healthy. The plan has $28.9B in unfunded liabilities that must be addressed through increased contributions, investment returns, or benefit adjustments. Current participants should monitor this plan and consider supplemental retirement savings.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $64.7B | $93.7B | 69.1% | $3.6B |
| 2024 | $60.9B | $98.1B | 62.1% | $2.8B |
| 2023 | $60.0B | $86.8B | 69.1% | $3.8B |
| 2022 | $58.8B | $77.2B | 76.2% | $3.0B |
| 2021 | $53.5B | $76.7B | 69.7% | $3.6B |
Frequently Asked Questions
Maryland State Retirement & Pension System is 69% funded, meaning it has 69 cents in assets for every dollar in future benefit obligations. This is below the 80% threshold actuaries consider healthy, and may require increased contributions.
Maryland State Retirement & Pension System has 387,148 total participants, including 196,756 active employees and 190,392 retirees currently receiving benefits.
Maryland State Retirement & Pension System is not covered by the PBGC. Benefits depend entirely on the plan's assets and the sponsor's ability to fund it.
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.