Montgomery County (MD) Employees' Retirement System

Montgomery County (MD) Employees' Retirement System (MCERS) is a defined benefit public pension fund based in Rockville, Maryland. Established in 1965, the pension fund provides benefits to the employees of Montgomery County and other agencies or political subdivisions who elect to participate. The county established a trust for the benefit of the members of the retirement system. The assets of the pension fund are managed by the board of investment trustees. The day-to-day management of the board of investment trustees is delegated to the Executive Director, who is recommended by the board and appointed by the Chief Administrative Officer. The Executive Director acts as an adviser to the board on all investment-related matters and oversees all Board and investment activities.