By JULIE E. GREENE
The City of Hagerstown wasn't the only local government body left in a bind because the state retirement agency has been under-billing or over-billing its participants.
Hagerstown Junior College owes $150,965, while the Washington County Free Library will receive a $375,445 credit, officials said.
The library will receive a credit toward future contributions for an as yet undetermined number of years, Maryland State Retirement Agency Executive Director Peter Vaughn said on Friday. That credit will include interest at a rate of 7.5 percent.
"We credit interest as well as charge interest," Vaughn said.
The $150,965 HJC owes the state pension plan includes money the junior college still owes the state from a $98,000 debt discovered in the early 1980s, which is being paid off over 40 years, said HJC Comptroller Arthur Barnhart.