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

2. 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

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

4. 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
You may change your investment elections, discuss asset allocation, or change your distribution options at anytime by calling the Fidelity at or accessing the Fidelity website at

5. Fidelity

6. 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 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 for more information. (RSP, DCP & GRIP)

7. Accessing your Fidelity account

8. 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:
MCERP website address;
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

9. Retirement Seminars - retirees
The Social Security Administration (SSA) will be conducting onsite quarterly seminars in 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

10. Retirement Seminars - active employees

11. Contact Information
MCERP
Website:
Phone: or MC311
Fidelity
Website:
Onsite Rep:
Main line:
National Planning Corporation
Phone:

12. 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.