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The Montgomery County Employee Retirement Plans Team 1 1

The Montgomery County Employee Retirement Plans Team 1 1. June 2019. Plan Update – 3/31/19. Employees’ Retirement System (ERS) Assets: $4.2 billion Participants: Active – 3,800 ERS – 2,200 GRIP (cash balance) Retired – 6,400 Funded Status – 95% Retirement Savings Plan (RSP)

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The Montgomery County Employee Retirement Plans Team 1 1

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  1. The Montgomery County Employee Retirement Plans Team 11 June 2019

  2. Plan Update – 3/31/19 Employees’ Retirement System (ERS) • Assets: $4.2 billion • Participants: Active – 3,800 ERS – 2,200 GRIP (cash balance) Retired – 6,400 Funded Status – 95% Retirement Savings Plan (RSP) • Assets: $470 million • Participants: Active & Inactive – 4,447 Deferred Compensation Plan (DCP) • Assets: $428 million • Participants: Active & Inactive – 3,374 Retiree Health Benefits Trust • Assets: $1.1 billion

  3. ERS - Performance 10 Year Performance by Quartiles - March 31, 2019

  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 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 https://nb.fidelity.com/public/nb/MCG/home

  5. Fidelity

  6. Financial Planning & Reviews • Personal financial planning and investment reviews are provided to RSP, DCP, and GRIP participants as follows: • Cambridge Investment Research: 2-hour sessions to assist you in constructing a diversified portfolio to best meet your financial needs in retirement. 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, required mandatory distributions, and tools available on Fidelity’s website. Call 240-777-8228 for more information. (RSP, DCP & GRIP)

  7. Ø Online access Ø Statements available any time Ø Review your portfolio/asset allocation Ø Transaction history Ø Investment performance Ø Call Fidelity’s service team at 1-800-343-0860 Call 240-777-8228 or email at fidelityonsite@montgomerycountymd.gov. Ø 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: 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

  9. Retirement Seminars - retirees • The Social Security Administration (SSA) will be conducting onsite quarterly seminars in 2019. 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 3:00pm – 5:00pm on the following dates: • Thursday, June 26, 2019 • Wednesday, September 24, 2019 • Tuesday, November 12, 2019 • To register for the seminar, please use the link below. If you have registered, you will receive a reminder email a few days before the event. http://www.signupgenius.com/go/5080E4EA4A62AA6F85-social

  10. Retirement Seminars - active employees

  11. Contact Information • MCERP • Website: http://www.montgomerycountymd.gov/retirement • Phone: 240-777-8230 or MC311 • Email: retirement@montgomerycountymd.gov • Fidelity • Website: https://nb.fidelity.com/public/nb/MCG/home • Onsite Rep: 240-777-8228 • Main line: 1-800-343-0860 • Email: fidelityonsite@montgomerycountymd.gov • Cambridge Investment Research • Phone: 410-557-7300 -

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