Montgomery County Retirement Board heard a presentation showing the plan returned 16.45% in 2025 and its market value rose to roughly $752 million, and discussed how lingering 2022 losses keep the fund below the actuarial threshold for a cost-of-living increase. The board was also notified that two former county employees were convicted and will forfeit pension benefits under the PA Public Employees Pension Forfeiture Act; no vote was required.