State Data » Maryland » Montgomery County Employees Retirement System » Montgomery County Maryland ERS

Montgomery County Maryland ERS Basics

  • Established 1965
  • Currently open to new hires
  • Plan covers local employees
  • Plan members covered by Social Security
  • Multiple employer,

Assets, Participants, and Benefits

Assets at Year-End, Montgomery County Maryland ERS, 2006-2019

Fiscal Year Net Assets (billions)
2006 2.3
2007 2.7
2008 2.6
2009 2.1
2010 2.4
2011 2.9
2012 2.9
2013 3.2
2014 3.7
2015 3.7
2016 3.6
2017 3.9
2018 4.1
2019 4.3

Source: Public Plans Database

Number of Actives per Annuitant, 2006-2019

Fiscal Year Montgomery County Maryland ERS US State and Local Pensions
2006 1.1 2.1
2007 1.0 2.0
2008 1.0 2.0
2009 0.9 1.9
2010 1.0 1.8
2011 1.0 1.7
2012 1.0 1.6
2013 0.9 1.5
2014 0.9 1.5
2015 0.9 1.5
2016 0.9 1.4
2017 0.9 1.4
2018 0.9 1.3
2019 0.9 1.3

Source: Public Plans Database

National data averages are weighted by plan size.

Costs

Employer's Annual Required Contribution as a Percentage of Payroll and Portion Paid for Montgomery County Maryland ERS, 2006-2019

Fiscal Year Portion of Employer ARC paid Portion of Employer ARC left unpaid US Avg Employer ARC ARC as a Percent of Payroll {role:annotation}
2006 25.9 0.0 9.3 25.9 25.9
2007 31.0 0.0 10.0 31.0 31.0
2008 31.6 0.0 10.4 31.6 31.6
2009 29.1 0.0 10.2 29.1 29.1
2010 26.4 0.0 10.5 26.4 26.4
2011 27.0 0.0 12.5 27.0 27.0
2012 27.1 0.0 12.9 27.1 27.1
2013 32.3 0.0 13.9 32.3 32.3
2014 35.9 0.0 14.5 35.9 35.9
2015 36.1 0.0 14.9 36.1 36.1
2016 31.5 0.0 14.8 31.5 31.5
2017 21.5 0.0 15.1 21.5 21.5
2018 19.9 0.0 18.1 19.9 19.9
2019 18.2 0.0 18.8 18.2 18.2

Source: Public Plans Database

National data averages are weighted by plan size.

Actuarial Funding

Actuarial Funded Ratio for Montgomery County Maryland ERS, 2006-2019

Fiscal Year Montgomery County Maryland ERS National Data
2006 76.2 90.5
2007 79.7 91.2
2008 80.8 90.2
2009 78.4 83.2
2010 76.6 81.5
2011 76.6 80.4
2012 76.7 78.9
2013 79.0 78.7
2014 84.0 79.0
2015 89.6 78.2
2016 91.7 76.3
2017 94.4 76.4
2018 95.7 76.5
2019 98.7 76.1

Source: Public Plans Database

National data averages are weighted by plan size and reflects the average for plans of similar type and Social Security coverage.

Investments

Asset Allocation for Montgomery County Maryland ERS, 2019

Category Percent
Equities 30.2
Fixed Income 37.1
Private Equity 10.2
Real Estate 5.1
Cash 0.0
Other 0.0
Commodities 12.8
Hedge Fund 4.6
Misc. Alternatives 0.0

Source: Public Plans Database

Asset Allocation for State and Local Pensions, 2019

Category Percent
Equities 47.2
Fixed Income 22.9
Private Equity 9.0
Real Estate 9.0
Cash 1.8
Other 0.0
Commodities 1.9
Hedge Fund 6.7
Misc. Alternatives 1.5

Source: Public Plans Database

National data averages are weighted by plan size.


Asset allocation for Montgomery County Maryland ERS, 2006-2019

Fiscal Year Equities Fixed Income Private Equity Real Estate Cash Other Commodities Hedge Fund Misc. Alternatives
2006 65.3 31.9 1.9 0.3 0.6 0.0 0.0 0.0 0.0
2007 62.0 32.7 4.1 1.1 0.0 0.1 0.0 0.0 0.0
2008 55.1 36.6 5.5 2.8 0.0 0.0 0.0 0.0 0.0
2009 47.6 38.9 6.4 3.8 0.0 0.0 3.3 0.0 0.0
2010 44.2 37.7 6.9 3.1 0.0 0.0 4.9 3.2 0.0
2011 44.8 35.6 7.3 4.2 0.0 0.0 5.3 2.8 0.0
2012 40.8 38.0 7.8 5.1 0.0 0.0 4.6 3.7 0.0
2013 42.4 34.5 7.5 7.5 0.0 0.0 4.3 3.8 0.0
2014 38.5 34.7 7.1 10.7 0.0 0.0 5.5 3.5 0.0
2015 39.5 35.5 7.1 11.4 0.0 0.0 3.2 3.3 0.0
2016 37.1 36.9 7.8 5.4 0.0 0.0 9.5 3.3 0.0
2017 38.6 35.5 8.6 4.9 0.0 0.0 9.5 2.9 0.0
2018 35.7 35.4 10.0 4.8 0.0 0.0 11.0 3.1 0.0
2019 30.2 37.1 10.2 5.1 0.0 0.0 12.8 4.6 0.0

Source: Public Plans Database


Annual Return as of June 30 for Montgomery County Maryland ERS, 2006-2019

Fiscal Year Montgomery County Maryland ERS Assumed return
2006 9.18 8.00
2007 18.79 8.00
2008 -2.26 8.00
2009 -15.81 8.00
2010 14.45 7.50
2011 21.77 7.50
2012 5.30 7.50
2013 10.85 7.50
2014 17.66 7.50
2015 2.82 7.50
2016 1.90 7.50
2017 12.10 7.50
2018 9.10 7.50
2019 8.70 7.50

Source: Public Plans Database

National data averages are weighted by plan size.

Cash Flows

Cash Flow vs. Total Assets (Millions)
Montgomery County Maryland ERS
2006-2019

Fiscal Year Cash Flow Assets
2006 -24.1 2,307.7
2007 -14.3 2,714.3
2008 -13.7 2,618.8
2009 -44.3 2,146.0
2010 -39.0 2,442.7
2011 -55.5 2,897.2
2012 -78.1 2,936.8
2013 -60.4 3,184.2
2014 -65.8 3,652.9
2015 -58.3 3,661.7
2016 -77.7 3,641.6
2017 -121.4 3,933.5
2018 -124.3 4,149.3
2019 -150.6 4,316.6

Source: Public Plans Database


Cash Flow as a Percentage of Assets
Montgomery County Maryland ERS
2006-2019

Fiscal Year Montgomery County Maryland ERS National Average
2006 -1.0 -1.9
2007 -0.5 -1.7
2008 -0.5 -1.9
2009 -2.1 -2.7
2010 -1.6 -2.9
2011 -1.9 -2.8
2012 -2.7 -3.1
2013 -1.9 -3.0
2014 -1.8 -2.7
2015 -1.6 -2.8
2016 -2.1 -3.0
2017 -3.1 -2.9
2018 -3.0 -2.4
2019 -3.5 -2.7

Source: Public Plans Database

National data averages are weighted by plan size.

2019 Financial Reports