Montgomery County Employees Retirement Board Meeting - January 22, 2026

The Montgomery County Employees Retirement Board held a meeting on January 22, 2026, focusing primarily on the performance and management of the county's retirement fund portfolio. The board received a detailed presentation highlighting strong market performance in 2025, with the portfolio reaching a market value of approximately $752 million by year-end and continuing to rise in early 2026. Key points included significant returns driven by international equities, emerging markets, fixed income diversification, and alternatives. The board discussed the impact of these returns on cost-of-living adjustments for retirees, noting current restrictions due to prior years' negative returns but expressing optimism for future increases. Additionally, the board was updated on a criminal proceeding mandating the forfeiture of pension benefits for individuals convicted of theft related to public office, with no vote required on this matter.