The Employee's Retirement System of the City of Montgomery, Alabama was established in 1959 and has been amended over the years to incorporate plan additions and changes. It's sole purpose is to provide retirement benefits for employees of the City of Montgomery and the Airport Authority.
Retiree benefits are paid from an accumulation of employee contributions, City of Montgomery contributions and investment income. The Board of Trustees relies on the expertise of a local investment consulting firm and some of the best money mangers in the country to manage the assets of the Retirement System.
The Board of Trustees consists of nine members serving four year renewable terms, each appointed by a different City Councilor. The Board consists of one Fire Department employee, one Police Department employee, one General employee, one retiree, three active employees or retirees and two other people who may or may not be members of the system. Board members are not compensated.
The employees in Retirement System office are more than happy to answer questions and address concerns. We are here for you during your employment and then in your retirement.
The information on this website is intended as a guide to help employees plan for retirement and in no way is it meant to replace the full text of the Governing Act.