How many public pension plans does Maryland have?

Maryland has 4 public pension plans tracked by the Public Plans Database (PPD), covering 462,029 total members. These plans include state-level and local government retirement systems for teachers, police, firefighters, and general employees.

Is Maryland's pension system in crisis?

Maryland's public pension plans average 83.4% funded (#9 of 51, 7.9 points above the national average) with combined unfunded liability $18.18B. Top-third average funding still leaves 0 D/F-graded plans on the roster. Data is sourced from the Boston College Center for Retirement Research.

What is the average funded ratio in Maryland?

The average funded ratio across all 4 public pension plans in Maryland is 83.4% (#9 of 51 among states), based on the most recent Public Plans Database data. A funded ratio of 100% means a plan has sufficient assets to meet all projected obligations. The national average for public pensions is approximately 75.5%. Individual plan ratios in Maryland vary; browse the table above to compare specific plans.

Public Plans Database

Maryland Public Pension Plans

Name: Maryland Public Pension Plans
Creator: Boston College Center for Retirement Research
License: https://www.usa.gov/government-copyright

4 plans · top-third average funded ratio (#9 of 51)

Higher funded-ratio band. Maryland ranks #9 of 51 by average actuarial funded ratio (83.4%), top-third among states with a published average.

Avg funded ratio: 83.4%
Total unfunded: $18.18B
Total members: 462,029
Plans tracked: 4

According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, Maryland’s 4 tracked plans carry a combined unfunded liability of $18.18B at an average funded ratio of 83.4%. Plan cards report FY2023 valuations; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.

PPD actuarial excerpt

State roster MD Maryland

Maryland: avg 83.4% funded (7.9 points above the national average) · 0 D/F grades · unfunded $18.18B

AVG 83.4%
UNF $18.18B
MEM 462,029
N 4
DF 0
VS +7.9pt
BEST 103.0%
LOW 66.9%

Funded-ratio peers

Nearest funded-ratio peer: Missouri (83.2%)

Average funded ratio neighbourhood vs Maryland (FY2023 plan cards)

0 of 4 published-ratio plans sit under 60% actuarial assets; 0 of 4 carry a D or F health grade. How funded ratios are calculated →

Maryland in the higher-funded third

Health grades and the 83.4% state average (#9 of 51, 7.9 points above the national average) use the same FY2023 plan-card snapshot as the hero KPIs and the table below.

Health-grade counts from the same state plan rows as the roster table

Source: Public Plans Database (Boston College CRR / NASRA) As of FY2023 plan cards; history through FY2024

Average actuarial funded ratio across 4 Maryland plans (FY2023 plan cards)

Plan types in Maryland

Aggregates from the same FY2023 plan-card rows as the roster below. Averages include only plans that report a funded ratio.

Type	Plans	Avg funded	Members	Assets	Unfunded
General State	2	73.4%	438,254	$66.93B	$17.35B
Police & Fire	1	103.0%	9,969	$3.07B	$-90M
Municipal	1	83.9%	13,806	$4.78B	$920M

Every tracked plan in Maryland

FY2023 plan-card snapshot from the Public Plans Database. ARC is the actuarially required contribution as a share of payroll where reported.

Plan	Type	Funded	Grade	Assets	Unfunded	Members	ARC	1yr return
Baltimore Fire and Police Employees Retirement System	Police & Fire	103.0%	B	$3.07B	$-90M	9,969	100.0%	13.6%
Montgomery County Employees Retirement System	Municipal	83.9%	B	$4.78B	$920M	13,806	100.0%	6.1%
Maryland State Retirement and Pension System	General State	79.9%	B	$64.89B	$16.34B	420,343	100.0%	6.4%
Baltimore City Employees	General State	66.9%	C	$2.03B	$1.01B	17,911	100.0%	10.2%

Read our methodology - how this data is sourced, computed, and verified.

Compare inside Maryland’s higher-funded roster

Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension · Maryland roster FY2023

Compiled by PlainPension, Pension Fund Health Editorial Process · July 23, 2026