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Budget Year / Version:
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Program Description

  State Retirement Contribution

This NDA provides for the County's payment of two items to the State Retirement System:

  • Maryland State Retirement System: Unfunded accrued liability, as established by the Maryland State Retirement System (MSRS), for employees hired prior to July 1, 1984, who are members of the MSRS (including former Department of Social Services employees hired prior to July 1, 1984), and for those who have retired (all County employees participated in the State Retirement System until 1965.) The County's contribution for this account is determined by State actuaries. Beginning in FY81, the amount due was placed on a 40-year amortization schedule.
  • State Library Retirement: Accrued liability for retirement costs for three Montgomery County Public Library retirees who are receiving a State retirement benefit. These were County employees prior to 1966 who opted to stay in the State plan.

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Program Contacts

Contact Lindsay Lucas of the Office of Management and Budget at 240.777.2788 for more information regarding the operating budget for the Non-Departmental Accounts.

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Program Budget Changes

FY20 Recommended ChangesExpendituresFTEs
FY19 Approved15205220.00
Increase Cost: State Retirement Contribution758380.00
FY20 Recommended15963600.00