This allocator's name and 4 more advisers

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State retirement system in Maryland

State retirement systemteachersPart of a larger system· Maryland

State retirement system, based in Maryland, reporting $44B in assets, for 223,785 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$44B
Open searchesAllocation policyConsultants
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 30 Jun 2024, Total assets changed.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$44B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
no policy read
policy Jun 30, 2025
Commitments
0
none on the tape
Invested by: this allocator
Allocation policy
ACFR, as of Jun 30, 2025
Actual allocation lines without a target (as filed)
  • Cash/Cash Equivalents 1.3%
  • Rate Sensitive 16.2%
  • Absolute Return 5.5%
  • Multi Assets 0.4%
  • Credit/Debt Related Strategies 9.1%
  • Private Equity 20.5%
  • Public Equity 32.3%
  • Real Assets 14.7%
Consultants and advisers
7 firms

+4 more consultants and advisers advise this allocator

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $249/month unless canceled.

People
No investment staff or executives have been read for this allocator yet.
Manager roster
No manager relationship is on the tape for this allocator.
What changed
3 events
Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.
Commitments
No fund commitments are on the tape for this allocator. The tape holds the plans that publish their own private-markets reports; a plan that publishes one and is not here is a gap we can close.
Size and funding
57 readings
Total assets
$44B Jun 30, 2024 derived Census ASPP
$43B (2023-06) · $41B (2022-06)
Fiduciary net position
$41B Jun 30, 2024 reported Census ASPP
$39B (2023-06) · $39B (2022-06)
Long-term investments
$43B Jun 30, 2024 reported Census ASPP
$42B (2023-06) · $40B (2022-06)
Total pension liability
$14B Jun 30, 2024 reported Census ASPP
$12B (2023-06) · $10B (2022-06)
Discount rate
6.80% Jun 30, 2024 reported Census ASPP
6.80% (2023-06) · 6.80% (2022-06)
Participants
223,785 Jun 30, 2024 derived Census ASPP
220,652 (2023-06) · 217,326 (2022-06)
Active members
115,316 Jun 30, 2024 derived Census ASPP
112,773 (2023-06) · 110,830 (2022-06)
Beneficiaries
84,975 Jun 30, 2024 reported Census ASPP
84,177 (2023-06) · 82,884 (2022-06)
Benefits paid
$2.8B Jun 30, 2024 reported Census ASPP
$2.7B (2023-06) · $2.5B (2022-06)
Investment expense
$263M Jun 30, 2024 reported Census ASPP
$261M (2023-06) · $343M (2022-06)
Provenance
Identifiers: none on file
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 23, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target, fund commitments.

Record history

3 dated events on the change ledger, latest first
  • Total assets changed
    2024-06-30source
  • Total assets changed
    2023-06-30source
  • Total assets changed
    2024-06-30source

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+8 connections on the graph

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