Retirement Board

Established by Section 15-82 of the Rockville City Code, the Retirement Board directs the affairs of the city’s retirement system, including investment activity, investment policies, and funding statements, and processes retirement and disability applications. Retirement system documents can be found below:

Pension Plan Pension Plan Funding Policy Statement Pension Plan Actuarial Valuation Pension Plan Investment Policy Thrift Plan Investment Policy Retiree Health Benefit Actuarial Valuation

Members

The Retirement Board consists of seven members appointed by the mayor and confirmed by the council. Members include a member of the Mayor and Council, the city manager, three city employees below the assistant department head level, and two people with business experience, one of whom serves as chair. The city’s director of finance serves as the board’s executive secretary.