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MCPS pension funded ratio rises; actuary recommends closed 20‑year amortization
Summary
GRS actuaries reported MCPS' pension funded ratio rose to 86.5% as asset gains reduced unfunded liability to about $398 million; the board adopted a closed 20‑year amortization policy for the pension unfunded and projects improved funded status over five years if assumptions hold.
Actuaries from GRS presented valuation results that showed an improved funded position for the Montgomery County Public Schools pension plan and recommended continued adherence to the district’s funding policy, a presentation the Fiscal Management Committee received Dec. 2.
GRS reported that FY25 asset performance (a strong investment year) produced approximately $247 million of investment gains that outpaced liability growth, reducing the unfunded liability to about $398 million and yielding a…
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