Montgomery County Executive Marc Elrich (D) this week said he will not veto a bill that transfers key responsibilities for managing the county’s pension system from the chief administrative officer to a volunteer board — despite his concerns about its implications.
In a Monday memo to County Council President Natali Fani-González (D-Dist. 6), Elrich said the council “is trying to fix something that isn’t broken and, in doing so, is breaking something that has worked exceptionally well.”
Pension benefits for retired county government employees are overseen by the 13-member volunteer Board of Investment Trustees in collaboration with the chief administrative officer…