PROOF OF CONCEPT: figures shown are example data compiled from public research; verification is ongoing
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Bonds Suspected

Maryland State Retirement & Pension System

State pension fund · MD · data as of: May 2026
$11M
Current position
$73.7M
Historical total
n/a
Coupon
n/a
Maturity
CONFIDENCE 80/100: how sure we are of this entity's status today (see methodology)

Held $73.7M in July 2025; after a year of organizing by the Maryland Break the Bonds campaign, the system sold about 85% ($62.6M), announced May 26, 2026. Roughly $11M remains, plus a small March 2026 purchase. The campaign is pushing for full divestment.

Bond records

EventDateAmountNotes
HoldingJul 2025$73.7MPosition before the campaign's peak pressure
Partial divestment (~85%)May 2026$62.6MLargest known state-level divestment to date
Remaining positionMay 2026$11MCampaign continues for full divestment

Sources: don't take our word for it

Act on this

● Keep the pressure on

Tell Maryland State Retirement and Pension System: no new Israel Bonds

This office is tracked as a current or suspected holder. Bond maturities are decision points, and sustained public pressure is exactly how Michigan, Minnesota, North Carolina, and Maryland won.

To: PIA@sra.state.md.us
Subject: Do not reinvest maturing Israel Bonds

Dear Maryland State Retirement and Pension System:

I am a Maryland resident writing about public funds invested in Israel Bonds (Development Corporation for Israel). These bonds are unrestricted loans to the Israeli government during its war on Gaza, and all three major credit rating agencies have downgraded Israel's debt since October 2023.

As these bonds mature, I urge Maryland State Retirement and Pension System not to reinvest in Israel Bonds, and to publish a full public accounting of past and current holdings.

Thank you,
[Your name]
[City, MD]
Records contact: PIA@sra.state.md.us
Prefer to call? 410-625-5555
Call script: "Hello, my name is [your name] and I am a Maryland resident. I am calling about public funds invested in Israel Bonds through the Development Corporation for Israel. I am asking that Maryland State Retirement and Pension System not reinvest as these bonds mature, and that it publish a full public accounting of past and current holdings. Thank you."

Get involved in MD

Maryland Break the Bonds Campaign is working on Israel Bonds divestment in this state. Production version: one-tap signup, chapter contact, and vetting info.

Join the campaign