Overview

The Employees Retirement System was established in 1965 as a defined benefit  pension plan providing benefits to the employees of Montgomery County and other agencies or political subdivisions who elect to participate.  The System is closed to employees hired on or after October 1, 1994, except public safety bargaining unit employees.  There were 5,060 active members and 5,306 retirees participating in the System as of June 30, 2008.

The County established a Trust for the benefit of the members of the retirement system. The Board is responsible for the management of the Trust. In investing the Trust, an appropriate balance must be struck between risk taken and returns sought to ensure the financial wellbeing of the System. The Board of Investment Trustees has adopted investment policies that work to manage the risk to which the System is exposed while maximizing the potential for asset growth.

County Code

Investment Policies

Reports

Benefits:

If you are a member of the Employees' Retirement System, your benefit is determined based on a formula, by retirement group, that includes years of service, salary and age. For information related to your benefit, click here to link to the Office of Human Resources website.