MCPS offers two voluntary retirement savings plans (403(b) & 457(b)) to employees that are designed to supplement income in retirement received from a pension and other sources. This presentation will provide an overview of the plans, general plan updates, the benefits of a single recordkeeper, and current engagement initiatives.
Staff will review State Category 12 expenses for Fiscal Year (FY) 2020. Two times each year, Montgomery County Public Schools is required to provide an update on State Category 12 to the County Council. This occurs by March 31 and September 30 each year. A draft of the September 30 letter to the County Council has been prepared and will be discussed with the Fiscal Management Committee.
Staff will discuss the Fiscal Year 2023 Operating Budget development process
The Fiscal Management Committee will hear information pertaining to the Internal Audit Unit work planned for Fiscal Year 2022.