NEWS
By Don Markus, The Baltimore Sun | November 29, 2010
A former National Football League running back whose three-year career ended after a helmet-to-helmet hit in a training camp scrimmage with the Washington Redskins three seasons ago has filed suit in federal court in Baltimore, claiming that he is being shortchanged on his disability payments. Eric Shelton, who said he was forced to retire with what was diagnosed as stenosis of the spine, or a narrowing of the spinal column, is seeking more than $18,000 a month — the highest disability payment allowed under the current collective bargaining agreement with the NFL Players Association.
SPORTS
By From Staff reports | December 13, 2007
Responding to the public outcry from former players, the NFL and the NFL Players Association announced yesterday a number of changes to streamline the process by which former players receive disability benefits. Those changes include: The appointment of a medical director who will consult with the two-person initial claims committee and with the retirement board to assist in resolving claims. Setting up physician panels in the areas of largest concentration of retired players, including Arizona, California, Florida and Texas and other major metropolitan areas.
NEWS
By Melissa Harris and Melissa Harris,SUN STAFF | April 22, 2005
THE BOARD responsible for managing the federal government's retirement plan will oppose the addition of a real estate investment fund because it would cost too much and duplicate other investments in the plan's portfolio, the agency announced this week. In testimony submitted to a congressional subcommittee Tuesday, the board's executive director, Gary A. Amelio, said that the Thrift Savings Plan already holds $1.1 billion in real estate investment trusts, called REITs, making it the nation's 13th-largest investor in such funds.
NEWS
By C. Fraser Smith and C. Fraser Smith,SUN STAFF | November 19, 1997
Maryland's retirement board agreed yesterday to add $40 million to state funds managed by a Baltimore-based investment firm, ignoring the opposition of State Treasurer Richard N. Dixon, who charged that Gov. Parris N. Glendening was steering the business to a political backer.The award went to Nathan Chapman Jr.'s Chapman Minority Equity Trust, which supervises a group of investment managers who specialize in start-up businesses run by minorities. Chapman already handles more than $100 million, a small fraction of the Maryland fund's $24 billion in holdings.
NEWS
By Dennis O'Brien and Dennis O'Brien,SUN STAFF | September 20, 1995
The state's highest court denied yesterday former Gov. Harry R. Hughes' request for $250,000 in back pension payments that he claimed he was owed, as a former state employee, while he was serving as governor.Mr. Hughes, 69, sued the state retirement board in 1993, challenging its decision to withhold the pension he earned during his 22 years as a legislator and transportation secretary, while he was governor from 1979 to 1987.He argued that as governor he was part of a separate retirement plan for governors and that he was not subject to the double-dipping prohibitions specified in Maryland's pension laws for most state workers.
NEWS
By Thomas W. Waldron and Thomas W. Waldron,Sun Staff Writer | July 22, 1995
The Maryland retirement board is moving to give a bigger portion of its $18 billion pension fund to minority-owned investment firms to manage.Several minority-owned firms have submitted proposals to invest share of the state's assets, and a committee of the retirement system's board of trustees plans to interview the companies soon.The board's move follows the lead of Gov. Parris N. Glendening, who has made a priority of increasing minority state business. Bucking a national trend against affirmative action, Mr. Glendening helped pass legislation this year expanding the goal for minority participation in state contracts.