Office of Intergovernmental Relations seeks to prevent the transfer of State retirement obligations to the County. This measure helps track OIR's performance in accomplishing this aim. State retirement payments include public K-12 teachers and certain community college faculty. Retirement payments are calculated based on the application of the State’s annual contribution rate to the eligible salary base.
Factors contributing to current performance
Escalating teacher compensation.
Increase in the number of Montgomery County Public School teachers.
Factors restricting performance improvement
Accuracy of the State's actuarial assumptions and performance of its portfolio.
The State's long term goal of transferring teacher retirement costs to counties and school boards.
Performance improvement plan
Ensure that future fiscal risk continues to be borne statutorily by local school boards and the State.