Maryland State Retirement and Pension System Board of Trustees Minutes Of Open Session
The board meeting included reports from the Administrative Committee and the Corporate Governance and Securities Litigation Committee, covering topics such as legislative proposals, budget considerations, and divestment lists. The Chief Investment Officer reported on market volatility, inflation, and bond portfolio impacts. The Executive Director provided updates on agency initiatives, including new governance workgroups and technology enhancements. The board also received preliminary results for the FY28 actuarial valuation and a presentation on board governance assessment. Additionally, the board addressed closed session items, including medical board reports, governance performance results, and litigation matters.
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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.
Jun 23, 2026·Board meeting
Maryland State Retirement and Pension System Board of Trustees Minutes Of Open Session
The board conducted elections for officers, including the Chair, Vice Chair, and Secretary. Reports were received from the Administrative, Compensation and Staffing, Corporate Governance and Securities Litigation, and Investment Committees, covering topics such as employer pick-up program participation, incentive compensation criteria, Investment Division staffing, and private credit portfolio reviews. The Chief Investment Officer reported on fund performance and assets, while the Executive Director provided updates on agency initiatives. Furthermore, the board acted on Medical Board reports, earnings limitation recovery, and disability offset reports.
May 21, 2026·Board meeting
Maryland State Retirement and Pension System Board of Trustees Minutes of Open Session
The board discussed the restructuring of the Investment Division and approved new staffing positions to align with the revised organizational chart. Key reporting included updates on investment committee activities, audit risk assessments, and asset allocation benchmarks. The Chief Investment Officer provided a review of the fund's market performance, noting positive returns and overall asset growth. Additionally, the Board addressed compensation incentives for investment staff, reviewed medical board reports, and voted to appoint a new Public Advisor to the Investment Committee.
