# Montgomery County Employee Retirement Board - November 10, 2026

The Montgomery County Employee Retirement Board meeting on November 10, 2026, included an investment update and a review of a potential cost-of-living adjustment (COLA) for retirees. The investment presenter reported a 7% year-to-date return, with the portfolio valued at about $792.9 million at the end of October and $795 million the following day. Third-quarter performance was nearly flat amid volatile equity and fixed-income markets; alternatives were positive. Board members also discussed market volatility and investment risks related to AI-focused companies.

Actuaries said a proposed COLA would add about $16.3 million to the plan’s liabilities. The plan was reported at 80.2% funded, and the COLA would reduce that level to about 78%; under Act 63 of 2015, the plan must meet an 80% funding threshold to provide the increase. The board discussed explaining the statutory restriction to retirees, including a possible FAQ or letter and use of the new self-service portal. No procurement activity, contract awards, or purchasing decisions were identified.

**Jurisdictions:** sled
**Published:** November 10, 2026

### Sources
- [Montgomery County Employee Retirement Board - November 10, 2026](https://www.youtube.com/watch?v=H2hkYL41cec) - Montgomery County, PA