The Montgomery County Employee Retirement Plans Team NOTE TO TRAINER: RUNTIME ON THIS VIDEO IS APPROXIMATELY 7 MINUTES. June 2017

Plan Update – 3/31/17 Employees’ Retirement System Assets: $3.8 billion Participants: Active – 3,987 ERS – 1,526 GRIP (cash balance) Retired – 6,453 Funded Status – 95% Retirement Savings Plan Assets: $376 million Participants: Active & Inactive – 4,600 Deferred Compensation Plan Assets: $377 million Participants: Active & Inactive – 3,400

ERS - Performance 10 Year Performance by Quartiles - March 31, 2017

Fidelity Recordkeeper for the Retirement Savings Plan, Guaranteed Retirement Income Plan, and Deferred Compensation Plan Onsite representative Access to Fidelity regional offices across the U.S. Expanded seminars & educational sessions Interactive website To arrange a one-on-one meeting with the Fidelity onsite representative Ron Seegers, please call 240-777-8228. You may change your investment elections, discuss asset allocation, or change your distribution options at anytime by calling the Fidelity at 1-800-343-0860 or accessing the Fidelity website at http://plan.fidelity.com/MCG

Fidelity

Financial Planning & Reviews Personal financial planning and investment reviews are provided to RSP, DCP, and GRIP participants as follows: National Planning Corporation (NPC): 2-hour sessions to assist you in constructing a diversified portfolio to best meet your retirement savings goals. Call 410-557-7300 for more information. (RSP & DCP only) Fidelity Investments: 1-hour sessions to provide an overview of account balance, asset allocation, investment options and Fidelity.com planning tools. Call 240-777-8228 for more information. (RSP, DCP & GRIP)

Accessing your Fidelity account

Changes to your information Online System Change your address or Federal tax withholding View your last pay advice or a pay advice since March 2012 Paper Forms Forms available online at: http://www.montgomerycountymd.gov/mcerp/ers/forms_retired.html MCERP website address; www.montgomerycountymd.gov/mcerp Current information on the Plan, forms, changes that may impact you, upcoming events All changes to addresses are made to Oracle, the sole source used for both retirement payments and insurance

Retirement Seminars - retirees The Social Security Administration (SSA) will be conducting onsite quarterly seminars in 2017. A SSA representative will provide employees and retirees with information about Social Security, Medicare and their online services and will be available to answer questions. The seminars will be held in the EOB Lobby Level Conference Room from 10:00am – 12:00pm and 3:00pm – 5:00pm on the following dates: Thursday, August 10, 2017 Wednesday, November 15, 2017

Retirement Seminars - active employees

Contact Information MCERP Website: http://www.montgomerycountymd.gov/retirement Phone: 240-777-8230 or MC311 Email: retirement@montgomerycountymd.gov Fidelity Website: http://plan.fidelity.com/MCG Onsite Rep: 240-777-8228 Main line: 1-800-343-0860 Email: fidelityonsite@montgomerycountymd.gov National Planning Corporation Phone: 410-557-7300

Divestment Update Background: Bill 44-16, Retirement – Fossil Fuel Investments – Restrictions were formally introduced in October 2016 to require the County’s retirement plans to divest of certain fossil fuel holdings. In April 2017, the bill was changed to a resolution, which encouraged divestment, but did not mandate it by law. On May 16, 2017, the County Council approved the resolution which requires the Board(s) to minimize investments in companies with the largest fossil fuel holdings to the extent possible within their fiduciary duties. The Board(s) are also required to report biannually to the Council on the implementation of these actions. The Board(s) will continue to adhere and abide by its formal ESG policies guidelines as part of their investment decision making and monitoring process.