As has been the case with other state pension plans, when the performance numbers are released each year, the fingers go pointing.
And in the case of the Maryland State Retirement Agency, several outside think-tanks have begun to question the value and cost of the retirement advisor input being provided to help guide the $37 billion system – while the agency itself says those advisors have done plenty to make the system a success.
According to the online Maryland Reporter, the Maryland Tax Education Foundation and the Maryland Public Policy Institute both announced this week that management fees associated with the pension fund totaled some $229 million during the fiscal year ending in June 2012.
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