A Maryland flag at the State House in Annapolis, Md. (Jonathan Newton/The Washington Post)

Regarding the Feb. 9 editorial “A return to pension gimmickry ”:

One of the most effective ways to solve Maryland’s pension crisis is to change how pension funds are invested.

Our research estimates that Maryland pays up to $590 million in fees to money managers and gets subpar returns in exchange for these fees. The state’s pension fund earned an average 4.85 percent return over the past 10 years — well short of the fund’s 7.55 percent target.

Maryland should shift at least a portion of its pension fund to passive, low-cost index funds to reduce exorbitant active-management fees and to more closely mirror appropriate market benchmarks.

With a $20 billion cumulative shortfall in our pension system, we truly cannot afford the status quo.

Christopher B. Summers, Rockville

The writer is president and chief executive of the Maryland Public Policy Institute.