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Montgomery County pension fund posts strong returns; county to contribute $32.5 million
Summary
The Montgomery County Employees Retirement Plan reported strong market-driven gains, a year-to-date net return of 13.54% and a county contribution of $32,500,000 scheduled to fully meet the 2025 required contribution, the board heard at its Oct. 29 meeting.
The Montgomery County Employees Retirement Board heard on Oct. 29 that the pension plan has posted strong market gains this year and that the county remains on track to complete a $32,500,000 contribution to fully satisfy the 2025 required contribution.
"We're on schedule to complete our contribution, the county's contribution to the pension plan. It's gonna be a total of $32,500,000 by the end of the year," Speaker 3 (the board's CFO) told members during opening remarks. The CFO added that this would mark the fifth consecutive year the county contributes 100% of the required contribution for the plan.
Cathy, the presenter from SCI,…
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