Smart investing starts with our values, so we’re making sure our private equity investments support fair pay, safe workplaces, and respect for workers.

As Chair of the Investment Committee for the Maryland State Retirement and Pension System, I’m proud to share that we voted to adopt Responsible Workforce Management Principles for the private equity firms that manage $15 billion of our state’s $70 billion pension fund.

For the first time in Maryland, we’re setting clear expectations that private equity firms managing our investments should support workers’ rights, protect their health and safety, and offer fair wages, as this leads to better results for everyone.

These principles help ensure we’re investing responsibly, holding firms accountable, and staying focused on what really matters: supporting our workforce and delivering strong returns for those who have served our state. Adopting these principles again puts Maryland at the forefront of pension systems in the country – and I’m proud that we’re continuing to lead the way.

With appreciation,

(She, Her, Hers)