Maryland State Retirement and Pension System Basics, by Plan
| Plan | Assets (millions) | Total Members |
|---|---|---|
| Maryland PERS | 21,622.4 | 188,932 |
| Maryland Teachers | 39,421.2 | 220,652 |
| Other Plans | 3,849.4 | 10,759 |
| Total | 64,893.0 | 420,343 |
Source: Public Plans Database (as of 2023)
Note: Maryland State Retirement and Pension System has 4 other plans.
Assets
Assets at Year-End
Maryland State Retirement and Pension System
2001-2023
| Fiscal Year | Net Assets (billions) |
|---|---|
| 2001 | 29.5 |
| 2002 | 26.6 |
| 2003 | 26.7 |
| 2004 | 30.2 |
| 2005 | 32.1 |
| 2006 | 34.4 |
| 2007 | 39.4 |
| 2008 | 36.6 |
| 2009 | 28.6 |
| 2010 | 31.9 |
| 2011 | 37.6 |
| 2012 | 37.2 |
| 2013 | 40.4 |
| 2014 | 45.3 |
| 2015 | 45.8 |
| 2016 | 45.4 |
| 2017 | 49.0 |
| 2018 | 51.8 |
| 2019 | 53.9 |
| 2020 | 54.6 |
| 2021 | 67.6 |
| 2022 | 64.3 |
| 2023 | 64.9 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
| Fiscal Year | Maryland State Retirement and Pension System | US State and Local Pensions |
|---|---|---|
| 2001 | 2.2 | 2.4 |
| 2002 | 2.2 | 2.3 |
| 2003 | 2.1 | 2.2 |
| 2004 | 2.0 | 2.1 |
| 2005 | 1.9 | 2.1 |
| 2006 | 1.8 | 2.0 |
| 2007 | 1.8 | 2.0 |
| 2008 | 1.8 | 1.9 |
| 2009 | 1.7 | 1.9 |
| 2010 | 1.6 | 1.8 |
| 2011 | 1.5 | 1.7 |
| 2012 | 1.5 | 1.6 |
| 2013 | 1.4 | 1.5 |
| 2014 | 1.4 | 1.4 |
| 2015 | 1.3 | 1.4 |
| 2016 | 1.3 | 1.4 |
| 2017 | 1.2 | 1.4 |
| 2018 | 1.2 | 1.3 |
| 2019 | 1.2 | 1.3 |
| 2020 | 1.2 | 1.3 |
| 2021 | 1.1 | 1.2 |
| 2022 | 1.1 | 1.2 |
| 2023 | 1.1 | 1.2 |
Membership for Maryland State Retirement and Pension System
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Cash Flows
2023 Cash Flows for Maryland State Retirement and Pension System (millions)
| Inflows | Outflows | Investment Gains (losses) | Change in Net Assets |
|---|---|---|---|
| 3,402.6 | 4,800.9 | 1,980.3 | 582.0 |
Cash Flow as a Percentage of Assets
Maryland State Retirement and Pension System
2001-2023
| Fiscal Year | Maryland State Retirement and Pension System | National Average |
|---|---|---|
| 2001 | -1.7 | -2.1 |
| 2002 | -2.4 | -2.0 |
| 2003 | -2.6 | -2.5 |
| 2004 | -2.6 | -2.0 |
| 2005 | -2.7 | -2.2 |
| 2006 | -2.7 | -2.2 |
| 2007 | -2.2 | -2.1 |
| 2008 | -1.9 | -2.3 |
| 2009 | -2.7 | -3.1 |
| 2010 | -2.1 | -3.2 |
| 2011 | -1.6 | -3.1 |
| 2012 | -1.4 | -3.3 |
| 2013 | -1.6 | -3.1 |
| 2014 | -1.6 | -2.9 |
| 2015 | -1.6 | -2.8 |
| 2016 | -2.0 | -3.0 |
| 2017 | -1.7 | -2.9 |
| 2018 | -2.0 | -2.6 |
| 2019 | -2.2 | -2.6 |
| 2020 | -2.2 | -2.4 |
| 2021 | -1.9 | -2.1 |
| 2022 | -2.1 | -2.1 |
| 2023 | -2.2 | -2.2 |