Montgomery County, PA

 

 

 

The Montgomery County Employees’ Retirement Board, comprised of the County Commissioners, Controller and Treasurer, will not be granting a cost-of-living increase to former Montgomery County employees for 2011.  This is similar to what has happened with Social Security payments.

 

The Montgomery County Employees’ Retirement System is a single-employer defined-benefit retirement plan established and administered by the County of Montgomery for the benefit of its employees.
 
All full-time salaried employees of the County are required to be members of the plan, except elected officials who may choose not to participate.  Employees are required to contribute five percent of their gross pay to the plan.  In addition, they may also voluntarily elect to contribute up to an additional ten percent (10%) more than the mandatory percentage.
  
The Controller serves as the Secretary of the Retirement Board, which oversees the plan, and plays an active role in the administration of the plan’s assets and investments.

                                                                                

IMPORTANT REMINDER:  The Montgomery County Employees' Retirement System will not be mailing monthly notices of direct deposit.  Instead, in January of each year retirees will receive one statement.  They are advised to please keep this statement for their records.