The Board of Trustees ("Board") is charged with the fiduciary responsibility for administering the retirement and survivor benefits for the members of the Maryland-National Capital Park and Planning Commission ("Commission") Employees' Retirement System (ERS) and ensuring that sufficient assets are available to fund the benefits when due.
The Board administers the ERS in accordance with the Trust Agreement between the Commission and the Board. The Board sets the policy, and hires an Administrator and Staff to manage the day-to-day operations of the ERS.
The Board consists of 11 appointed and elected members as adopted by the Commission on July 24, 2001.
Two Commissioners, one each from Montgomery and Prince George's counties, appointed by the Commission
The Commission's Executive Director, Ex-Officio, concurrent with tenure in office
The Commission's Secretary-Treasurer, Ex-Officio, concurrent with tenure in office
Three Open Trustees, one each from Montgomery and Prince George's counties and one from the Bi-County office (effective July 2003), as a result of an election conducted by the ERS
Two Public Members, one each from Montgomery and Prince George's counties, appointed by the Commission
Two Represented Trustees, one Municipal County Government Employees' Organization (MCGEO) Representative and one Fraternal Order of Police (FOP) Representative. The MCGEO Representative is selected by the Chief Executive Officer of MCGEO and the FOP Representative is selected pursuant to an internal election process established by the FOP. Represented trustees continue in office until replaced by their successors.
Trustees serve for three-year terms. Trustees elect a chairman and vice chairman to serve for a two-year term.