Murray Levy

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Murray Levy
Maryland House of Delegates District 28
Incumbent
Assumed office
October 28, 2004
Current term ends
2011
Political party Democrat
Profession Legislator
Website House site

Contents

Murray Levy is a Democratic member of the Maryland House of Delegates, representing District 28 since his appointment on October 28, 2004.

Pension committee

Levy is on the Special Joint Committee on Pensions.

In November 2009, Maryland lawmakers learned how deep the pension gap was. Maryland's pension funds are missing the $17.5 billion more than the state has put aside (a total of $28.6 billion).[1]

The state will likely have to add $189 million to its teacher and employee pension funds by next year. Officials with the State Retirement Agency explained results from fiscal 2009 to the legislature. The $17.5 billion needed to close the gap is in addition to the approximately $28.6 billion that the pension office already has set aside.

Levy said the state would need to put aside an additional $541 million to the established $189 million it will contribute next year (but expressed doubt that this would happen). This would bring the state’s pension contributions close to $2 billion in fiscal 2010.

“I don’t think we’re even going to do the $189 million,” Levy said.[1]

External links

References

  1. ↑ 1.0 1.1 Maryland Reporter, State pension gap grows to $17.5 billion, November 4, 2009
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Democrat majority Current members of the Maryland House of Delegates
House Majority Leader: Kumar Barve (D) • House Minority Leader: Anthony O'Donnell (R)
   
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