Maryland State Retirement and Pension System Board of Trustees Minutes Of Open Session
The Board discussed appointments to the Climate Advisory Panel for FY27, received reports from the Audit, Administrative, and Investment Committees, and approved revisions to the Investment Policy Manual. Key operational items included approval of the Global Custody Services RFP timeline, a report on FY26 fiscal year returns, and an update on agency-wide IT projects and governance assessment processes. Additionally, the Board reviewed fiduciary liability insurance coverage, agency culture survey results, and medical board reports during a closed session.
Enterprise
Get verified public-sector contacts at scale
Find verified emails, direct dials, role context, job-change updates, and organization signals across every public-sector account you sell to.
The meeting included a review of the internal audit charter, internal quality assurance results, and the status of the audit plan. Key discussions involved an open issues log, management's remediation plan for open issues, and a review of completed audits, including the teachers' appropriation and a cybersecurity report. The committee discussed the Three Lines model and addressed cybersecurity matters, including network security infrastructure, in a closed session. Finally, the committee approved a revised fiscal year 2026 audit plan.
Apr 1, 2025·Board meeting
Board of Trustees Maryland State Retirement and Pension System Minutes of the Meeting
The Audit Committee meeting included discussions and actions on several key areas. A mid-year risk assessment update was presented, leading to a revised FY25 audit plan that removed certain projects and added others. The committee reviewed the audit plan status, open issues log, data analytic dashboard, and internal quality assurance results. Completed audits, including the Security Information and Event Management audit and the Data Governance Audit, were presented. The committee also discussed the potential addition of a new member and set the date for the next meeting.
