The county has adopted the Calvert County Employees Retirement Plan effective July 1, 1996, for the benefit of its eligible employees. The assets of the plan shall be held in trust for the exclusive purposes of providing benefits to participants in the plan and their beneficiaries, and defraying reasonable expenses of administering the plan and the trust.
The Board of Trustees oversees the proper administration of the plan.
The Board of Trustees shall consist of eight members appointed by the BOCC, including one employee representative recommended by the Calvert County Employee Representative Committee, one employee representative recommended by the BOCC, the County Administrator, the Finance and Budget Director, the Finance and Budget Deputy Director, and three citizens who have expertise in pension administration, investing, or finance.
The term of the employee representatives and citizen members shall be three years.
Meets quarterly; Meets the first Friday after the month that follows the quarter end (February, May, August, and November)
Additional meetings are scheduled as necessary
County Services Plaza 150 Main Street Prince Frederick, MD
Open Meetings Statement
The Employee Retirement Plan Board of Trustees complies with the Open Meetings Act - making agendas and minutes available in the Agenda Center.