Md. Pension Commission To Consider Changes Dec. 13

ANNAPOLIS, Md. (AP) -- A state commission reviewing how to get a handle on large unfunded liabilities in Maryland's pension and health benefit system for state employees is scheduled to begin voting on recommendations Dec. 13.

Casper Taylor, Maryland's former House speaker who chairs the Public Employees' and Retirees' Benefit Sustainability Commission, said Monday he hopes the commission will be in position to vote on a preliminary report during the week of Christmas to present to Gov. Martin O'Malley and the Legislature, which convenes in January.

One major proposal under consideration includes a five-year freeze on cost-of-living adjustments for retirees. The commission also is aiming to reduce state health care costs by 10 percent.