14. Segment Information:

Activity segments included in enterprise funds are described in Note 1B. Selected financial information with
respect to these segments as of and for the year ended June 30, 1995, is as follows (amounts expressed in
thousands).

				Segments	Savings and
	Insurance	Loan			Loan Deposit	Stadium
	Programs	Programs	Lottery	Manufacturing	Insurance	Authority
Operating revenues..............................................................	$13,857	$ 217,136	$1,042,033	$28,276	$10,793	$30,578
Depreciation and amortization .........................................	10	1,398	6,947	793		5,614
Operating income (loss) ....................................................	192	(2,079)	390,477	1,927	10,575	17,301
Operating interfund transfers:
In........................................................................................		28,793				19,426
Out.....................................................................................	714	1,306	385,078		25,019
Net income (loss)..................................................................	1,333	29,274	4,158	1,934	(4,787)	26,774
Current capital contributions..............................................		43,265		39
Property, plant, and equipment
Additions............................................................................	14	28		612		57,755
Deletions...........................................................................		31
Total assets...........................................................................	155,428	3,394,833	485,757	16,850	317,594	377,951
Bonds and other long-term liabilities payable from
operating revenues.........................................................		2,591,334	14,433			204,520
Total capital ..........................................................................	120,368	703,159	6,337	14,385	(3,542)	160,446
Net working capital ............................................................	104,436	927,391	36,055	11,336	70	51,484

15. Retirement Benefits:

State Retirement and Pension System of Maryland (System):

The State contributes to the State Retirement and Pension System of Maryland (System), an agent multiple-
employer public employee retirement system established by the State to provide pension benefits for State
employees (other than employees covered by the Mass Transit Administration Pension Plan described below) and
employees of 127 participating political subdivisions within the State. Additionally, the System provides benefits
for the Maryland Automobile Insurance Fund and the Injured Workers' Insurance Fund (neither of which are within
the State's reporting entity). The non-State entities that participate within the System receive separate actuarial
valuations in order to determine their respective funding rates and actuarial liabilities. Retirement benefits are paid
from the System's pooled assets rather than from assets relating to a particular plan participant. The System is
considered part of the State's financial reporting entity and is included in the State's financial statements as a
Pension Trust Fund.

Plan Description:

The System, which is administered in accordance with Article 73B of the Annotated Code of Maryland, consists
of the following plans which are managed by the Board of Trustees for the System. All retirement and pension
plans discussed herein are included in the System. All State employees and employees of the participating political
subdivisions (including the Maryland Automobile Insurance Fund and the Injured Workers' Insurance Fund) are
covered by the plans.

"Retirement System" ? retirement programs for substantially all State employees, teachers, State police and
judges who are not members of the State Pension System.

"Pension System" ? retirement programs for employees and teachers hired after January 1, 1980, and prior
employees who have elected to transfer from the Retirement System.

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