When Mr. O'Malley proposed his reforms, it sparked large protests outside the State House. But the pension system was only 64 percent funded at the time, having been on a downward slide since late in former Gov. Parris Glendening's term, both because of a change in the way the state calculated its annual contributions to the fund and the stock market turmoil of the 2000s. The O'Malley reforms had the effect of both limiting the growth of pension costs for the state and accelerating the pension system's return to full funding, thanks to the state's decision to reinvest a portion of the savings into the fund. Governor O'Malley and the legislature backtracked on that commitment somewhat this year — a decision we and others, including the pension system itself, opposed — but that drew at most a mild rebuke from the rating agencies.