Maryland SRPS Statement on Fiduciary Responsibility

For immediate release:
May 27, 2026

Contact: Benjamin Robb
[email protected]

BALTIMORE – The Board of Trustees of the Maryland State Retirement and Pension System is charged with the responsibility for the management, general administration, and proper operation of the System. In line with these duties, the Board has not adopted any policies concerning investment or divestment in Israel bonds or in any securities associated with Israel.

The System’s assets are managed solely in the interests of the System’s participants, and for the exclusive purposes of providing benefits and covering reasonable administrative expenses. In accordance with the Board’s fiduciary responsibilities, investment decisions are to be based on the investment merits of each transaction.

The Board’s investment policy requires that System assets be prudently invested in a well-diversified manner to optimize long-term returns, while controlling risk through careful execution of the System’s investment objectives and strategies. In this case, the transactions generated investment gains for the System.

As with all investments, the relative value proposition in bonds changes over time and Investment Division staff continuously monitor the System’s holdings and available opportunity set to capitalize on dynamic market opportunities in the best interest of the System’s participants.

The Board of Trustees is charged with the fiduciary responsibility for properly administering the retirement and pension allowances of more than 177,000 retirees and beneficiaries as well as the future benefits for more than 250,000 active and former members. These groups include state government employees, teachers, law enforcement personnel, legislators, judges, local government employees and fire fighters whose employers have elected to participate in the system.

###