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Maryland Treasurer Nancy Kopp says state must fully fund pensions

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ANNAPOLIS -- Maryland Treasurer Nancy Kopp on Tuesday stressed the need to move away from a system that has chronically underfunded state pensions, a concern of credit-rating agencies that have given the state its coveted AAA bond rating. Kopp testified in favor of a House bill to require the state to phase out a faulty funding system within 10 years and would potentially eliminate the...