ANNAPOLIS, Md. (AP) - Maryland's huge pension problem should be front and center in this upcoming legislative session, Gov. Martin O'Malley said Tuesday, as officials who oversee the state's system made recommendations to a panel of state lawmakers.
O'Malley described the state's unfunded pension obligations, which add up to roughly $33 billion, as one of Maryland's biggest challenges to maintaining fiscal responsibility.
"Figuring out a solution to these things is something that is going to, I think, require all of our attention, especially as we go into this next session, so I don't think it's the sort of thing that can be deferred down the road."
The governor noted that parts of the solution may need to be implemented over time, but he said he favors addressing the matter right from the start of the next four-year term, because the longer the problem is put off the greater it will become.
GO HERE to read more.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
1 comment:
He should start by not having Politians and their buddies the ability to double dip on the Tax Payers. That includes their retirement pension. They don't allow the blue collar worker to do this and they should not be allowed neither. The Governor and several others are drawing apension from Baltimore and now he will be drawing a second from the State. Norman Conway draws one from WCBE and when he decides another from the State. That is two examples of many. That is two retirements on the Tax Payer. That is being a crook.
Post a Comment