State Pension Reform Delay Will Lead to Fiscal Crisis (Just Look at Baltimore City)

This morning’s Baltimore Sun describes the burgeoning state of crisis in Baltimore City’s pension system. As city officials attempt to deal with a $64 million shortfall this year, union leaders are threatening a lawsuit over changes likely to be proposed in new legislation.

According to the Sun article, the police and firefighter’s unions are “contemplating suing the city for ‘chronically underfunding the pension plan’ as well as any ‘inappropriate’ aspects of the pension bill.” To read the entire article, click here.

Could the State of Maryland’s pension system be far behind?

Former budget secretary Cecilia Januszkiewicz wrote a commentary for The Free State Foundation that outlines how state officials have continually avoided the hard choices in pension reform by instead forming commissions to study the issue.

The 2010 legislative session was no exception. To read Januszdiewicz’s commentary “A Fig Leaf for Maryland’s Fiscal Folly,” click here.