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MCREA Meetings MCREA has decided to hold two general membership meetings each year. These will be held in June and October VIRTUALLY. If you are unable to attend, presentations from the meetings are included here after each meeting. NEXT MEETING: Wednesday, October 12, 2022. 4 p.m. EDT (US and Canada). Registration for this VIRTUAL meeting is now open. Click the button to register.
2022 Meeting Presentations June 2022 Meeting Darrin Arbaugh, Employee Retirement Plans and Pensions presentation, click here. Karen Bass, Office of Human Resources presentation, click here.
2021 Meeting Presentations October 2021 Meeting Linda Herman, Employee Retirement Plans and Pensions presentation, click here. Karen Bass, Office of Human Resources presentation, click here.
June 9, 2021 Meeting Karen Bass, Office of Human Resources presentation, click here. Linda Herman, Employee Retirement Plans and Pensions presentation, click here. June 9, 2021 Meeting: COLA Updates The change in the Consumer Price Index-All Urban Consumers, Washington-Arlington-Alexandria, DC-VA-WVA (CPI-U) from May 2020 to May 2021 is 3.797%. This is the largest year-over-year increase since 2011. In accordance with County Code Sec 33-44, the percentage of the COLA that you will receive is dependent on many factors including: your retirement group; when you began participation in the retirement system; the date you retired; if you had County service after 2011; if you are receiving disability benefits; and, if you are receiving a termed vested benefit. There are different tests to apply the COLA as some individuals receiving retirement benefits have a cap on the COLA that can be applied depending on the factors noted above, including if you had County service after 2011, that portion of your benefit is capped at a 2.5% of the COLA. The COLA for other individuals in capped at 3% and then 60% of the amount over 3%. The Montgomery County Employee Retirement Plans (MCERP) will be sending a notice to each person receiving an annuity benefit outlining the change in their benefit amount. Please be patient and wait for your individual letter announcing your COLA amount. Linda A. Herman, Executive Director Past Meetings 2020 Annual Meeting Presentations Karen Bass, Office of Human Resources presentation, click here. Linda Herman, Employee Retirement Plans and Pensions presentation, click here. 2019 Annual Meeting Presentations Office of Human Resources presentation, click here. Employee Retirement Plans PowerPoint presentation, click here. 2018 Annual Meeting Presentations Office of Human Resources presentation,click here. Employee Retirement Plans PowerPoint presentation, click here. Note: The presentations are in pdf format. You can read online or download.
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The Montgomery County Retired Employees’ Association, Inc., (MCREA) is an association
of individuals who have retired from Montgomery County (Maryland) Government
or receive the benefits of its retirement plan. A special thank you to Jennie Gosche and Sandi Atkinson for submitting photos for our new website. |
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