About
The Howard County Retirement Plan and the Howard County Police and Fire Employees' Retirement Plan are administered by committees made up of designated employees as outlined in the County Code. The committees hold joint meetings throughout the year. Below is a list of the scheduled meetings for the current calendar year.
Meeting Dates Fiscal Year 2026
June 17, 2026
May 27, 2026
April 29, 2026
March 18, 2026
February 17, 2026
January 21, 2026
December 3, 2025
October 15, 2025
September 17, 2025
August 2025 - No Meeting
July 16, 2025
Minutes will be posted following Committee approval at the next meeting. The agenda will be available 5 business days prior to the meeting.
Public documents from the meetings are posted below.
Agendas, Minutes and Meeting Materials
March 18, 2026
Minutes
Retirement Plan Subcommittee Recommendation
Retirement Plan Subcommittee Recommendation Part 2
Retiree Cost of Living Adjustment Memo
February 17, 2026
Howard County Retirement Plan Statement of Revenues and Expenses
Howard County Police and Fire Employees' Retirement Plan Statement of Revenues and Expenses
January 21, 2026
Howard County Retirement Plans July 1, 2025 Actuarial Valuation Results Presentation
December 3, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- CLA Auditor's Presentation
- CLA Auditor's Report - Howard County Retirement Plan
- CLA Auditor's Report - Police & Fire Plan
- CLA Audited Financial Statement 6-30-25 Howard County Retirement Plan
- CLA Audited Financial Statement 6-30-25 Police & Fire Plan
- CLA Financial Reporting and Compliance Howard County Retirement Plan
- CLA Financial Reporting and Compliance Police & Fire Plan
October 15, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- Artisan Partners Investment Manager Presentation
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire
September 17, 2025
June 18, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- NEPC June Flash Report (preliminary)
- William Blair Investment Manager Presentation-part 1
- William Blair Investment Manager Presentation-part 2
June 18, 2025 meeting
May 28, 2025
- Notice & Agenda
- Minutes
- Unaudited Statements as of March 31, 2025 for the Howard County Retirement Plan
- Unaudited Statements as of March 31, 2025 for the Howard County Police and Fire Employees' Retirement Plan
- NEPC Meeting Material
- NEPC Briefing on Custom Proxies
- Dodge & Cox Investment Manager Presentation
April 30, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- NEPC Briefing on Custom Proxies
- 2025 Retiree Cost of Living (COLA) memo
March 12, 2025
February 19, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- NEPC January Flash Report
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire Retirement Plan
- Howard County Retirement Plans July 1, 2024 Actuarial Valuation Results Presentation
January 15, 2025
- Notice & Agenda
- Minutes
- NEPC Meeting Material
- NEPC December Flash Report
- NEPC November Flash Report
- GQG Partners Presentation
January 3, 2025 (Special Meeting)
December 10, 2024
November 7, 2024 (Special Meeting)
October 16, 2024
- Agenda
- Minutes
- NEPC September Flash Report
- Magnitude Capital Presentation
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire Retirement Plan
September 18, 2024
July 17, 2024
June 13, 2024
May 9, 2024
- Agenda
- Minutes
- NEPC Presentation
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire Retirement Plan
March 20, 2024
February 21, 2024
- Agenda
- Minutes
- NEPC Presentation
- NEPC January Flash Report
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire Retirement Plan
January 17, 2024
December 11, 2023
October 18, 2023
Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
Unaudited Statement of Revenues and Expenses Howard County Police & Fire Retirement Plan
September 20, 2023
July 19, 2023
June 21, 2023
May 17, 2023
Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
April 19, 2023
March 15, 2023
Westfield Capital Management Presentation
February 15, 2023
- Q4 2022 Total Fund Performance
- Q3 2022 Private Markets Report
- Asset Allocation Review
- Asset Class Assumptions
- 2023 Themes, Opportunities, and Views
Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
January 19, 2023
Archived Meeting Materials
December 14, 2022
- Agenda
- Minutes
- Clifton Larsen Allen Presentation
- Clifton Larsen Allen Signed Internal Controls Letter Howard County Retirement Plan
- Clifton Larsen Allen Signed Internal Controls Letter Howard County Police and Fire Employees' Retirement Plan
- Clifton Larsen Allen Signed Governance Letter Howard County Retirement Plan
- Clifton Larsen Allen Signed Governance Letter Howard County Police and Fire employees' Retirement Plan
- NEPC Presentation
- NEPC November Flash Report
- NEPC Tear Sheet
October 19, 2022
- Agenda
- Minutes
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan & Howard County Police and Fire Employees Retirement Plan
- NEPC Presentation
- September Preliminary Performance
- Private Equity Recommendation
- Work Plan review
- NEPC Updated September Preliminary Performance
September 21, 2022
- Agenda
- Minutes
- NEPC Presentation
- Q2 2022 Market Environment
- Q2 2022 Total Fund Performance
- Q1 2022 Private Markets Report
- July Preliminary Performance Report
- August Preliminary Performance Report
- Work Plan Review
- Bolton Experience Study Presentation
- Bolton Experience Study Report Howard County Retirement Plan
- Bolton Experience Study Report Howard County Police & Fire Employees' Retirement Plan
July 20, 2022
- Agenda
- Minutes
- NEPC Presentation
- June Preliminary Performance Report
- Private Equity Placing Plan Review
- Work Plan Review
- Ballie Gifford Presentation
June 23, 2022 Meeting
- NEPC Presentation
- May Preliminary Performance Report
- Large Cap Value Review
- International Developed Large Cap Value Review
- Work Plan Review
- LSV Presentation
- Mondrian Presentation
- Military Service Policy
- Agenda
- Minutes
May 25, 2022 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
- NEPC Presentation
- Q1 2022 Market Environment
- Q1 2022 Total Fund Performance
- Q4 2021 Private Markets Report
- April Preliminary Performance Report
- Private Markets Pacing Plan: Private Debt
- Work Plan Review
- Agenda
- Minutes
April 28,2022 Meeting
- NEPC Presentation
- March Preliminary Performance Report
- Private Markets Pacing Plan: Private Equity
- ESG Policy Language
- Work Plan review
- Agenda
- Minutes
March 24, 2022 Meeting
- NEPC Presentation
- February Preliminary Performance Report
- Russian/Ukraine Exposure
- Asset Allocation Rebalance Review
- ESG Policy Language
- Work Plan Review
- Retiree Cost of Living Adjustment Report
- Agenda
- Minutes
February 24, 2022 Meeting
- NEPC Presentation
- 2021 Year in Review
- Q4 2021 Total Fund Performance
- Q3 2021 Private Markets Report
- January Preliminary Performance Report
- ESG Policy Language
- Work Plan Review
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
- Agenda
- Minutes
January 27, 2022 Meeting
- Howard County Retirement Plan Valuation Results June 30, 2021
- Howard County Police and Fire Employees' Retirement Plan Valuation Results June 30, 2021
- Cybersecurity Brief
- PensionSoft Expanded Capabilities
- NEPC Presentation
- November and December Flash Report
- 2022 Market Outlook & Asset Allocation Review
- Brown Capital Follow-Up
- ESG Policy Language
- Work Plan Review
- Critical Needs Memo
- Agenda
- Minutes
December 2, 2021 Meeting
Clifton Larson Allen Auditors Presentation
- Q3 2021 Quarter in Review
- Q3 Total Fund Performance
- Q2 Private Markets Report
- October Flash Report
- Fee Study Review
- Brown Capital Presentation
November 19, 2021(Special Meeting)
October 28, 2021 Meeting
Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
- September Market Update
- September Preliminary Performance
- Private Equity Recommendation
September 23, 2021 Meeting
- Q2 2021 Market Environment
- Q2 2021 Total Fund Performance
- Q1 2021 Private Markets Report
- August Preliminary Flash Report
July 22, 2021 Meeting
June 24, 2021 Meeting
- Q1 2021 Market Environment
- Q1 2021 Total Fund Performance
- Q4 2020 Private Markets Report
- May Flash Report
High Yield Manager Recommendation
NEPC Howard County Rebalancing Exhibit
May 27, 2021 Meeting
Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- April's Flash Report
- Unfavorable News Committee
- Private Equity Pacing and Recommendation
April 29, 2021 Meeting
- March Flash Report
- Correlation & Stochastic Analysis
- High Yield Search Book
Proposed Investment Policy Statement Changes
March 25, 2021 Meeting
Retiree Cost of Living (COLA) Mem
- Real Asset Portfolio Review
- February Flash Report
February 25, 2021 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
- NEPC Presentation
- 4th Quarter 2020 Market Performance
- 4th Quarter 2020 Investment Performance
- January Flash Report
- Investment Policy Statement
January 28, 2021 Meeting
December 3, 2020 Meeting
- Clifton Larsen Allen Audit Presentation
- Clifton Larsen Allen Howard County Retirement Plan Audit Letter
- Clifton Larsen Allen Howard County Retirement Plan Findings
- Howard County Retirement Plan Fiscal Year 2020 Audit
- Clifton Larsen Allen Howard County Police and Fire Employees' Retirement Plan Audit Letter
- Clifton Larsen Allen Howard County Police and Fire Employees' Retirement Plan Findings
- Howard County Police and Fire Employees' Retirement Plan Fiscal Year 2020 Audit
- NEPC Presentation
October 29, 2020 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
- Fiscal Year 2021 Budget
- NEPC Presentation
September 24, 2020 Meeting
- NEPC Presentation
July 30, 2020 Meeting
- NEPC Presentation
- State Street IBDDA-GSTIFF Presentation
June 25, 2020 Meeting
- NEPC Presentation
May 28, 2020 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees Retirement Plan
- NEPC Presentation
April 30, 2020 Meeting
- NEPC Presentation
- 2020 Retiree COLA Memo
- CARES Act Memo
February 27, 2020 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
- NEPC Presentation
January 23, 2020 Meeting
- Howard County Retirement Plan July 1, 2019 Actuarial Valuation Results Presentation
- Howard County Police and Fire Employees' Retirement Plan July 1, 2019 Actuarial Valuation Results Presentation
- NEPC November Flash Report and 2020 Asset Allocation Update
- NEPC Preliminary December Flash Report
December 5, 2019 Meeting
- Clifton Larson Allen Audit Presentation
- Clifton Larson Allen Howard County Retirement Plan Audit Letter
- Clifton Larson Allen Howard County Retirement Plan Audit Findings
- Howard County Retirement Plan Fiscal Year 2019 Audit
- Clifton Larson Allen Howard County Police and Fire Employees' Retirement Plan Audit Letter
- Clifton Larson Allen Howard County Police and Fire Employees' Retirement Plan Audit Findings
- Howard County Police and Fire Employees' Retirement Plan Fiscal Year 2019 Audit
- NEPC Presentation
October 24, 2019 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
- Retirement Plan Fiscal Year Ending 2020 Budget
- NEPC September Flash Report
- NEPC Presentation
- Colchester Global Investors Presentation
September 26, 2019 Meeting
- NEPC Presentation
July 25, 2019 Meeting
- NEPC Presentation: Passive Provider Overview and June Performance
June 27, 2019 Meeting
- NEPC Presentation: Manager Fee Review, Hedge Fund Review and May Performance
- NEPC Absolute Return Fixed Income Manager Search
- Howard County Retirement Plan: Summary of updates to disability procedures
May 31, 2019 Meeting
- NEPC Investment Performance Review March 31, 2019
- Flash Report April 2019
- Baillie Gifford Active Management Presentation
- Baillie Gifford EAFE Fund Presentation
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
April 25, 2019 Meeting
- 2019 Asset Allocation Review NEPC
- Flash Report March 2019
- Howard County Investment Policy Statement Redline Draft
March 28, 2019 Meeting
- Retiree COLA Memo 2019
- Dodge and Cox Presentation
- Pimco Presentation
- NEPC Presentation
February 28, 2019 Meeting
- Invesco Presentation
- AndCo Investment Performance Review December 31, 2018
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
January 31, 2019 Meeting
- Howard County Retirement Plan July 1, 2018 Actuarial Valuation Results
- Howard County Police & Fire Retirement July 1, 2018 Actuarial Valuation Results
- Howard County Retirement Plan Disability Procedures Update
- Investment Monitoring Policy
November 30, 2018 Meeting
- Howard County Retirement Plan FY18 Plan Audit
- Howard County Police & Fire Retirement Plan FY18 Plan Audit
- AndCo Investment Performance Review September 30, 2018
- Liquidity Review
- Risk Analysis Report
October 25, 2018 Meeting
- LSV Presentation
- Westfield Presentation
- Summit Private Equity Recommendation and Investment Policy Statement Review
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees' Retirement Plan
- Retirement Plan Fiscal Year 2019 Budget
September 20, 2018 Meeting
- AndCo Presentation
- Bolton 2018 Experience Study for the Howard County Retirement Plan
- Bolton 2018 Experience Study for the Howard County Police and Fire Employees' Retirement Plan.
- Summit Strategies Investment Performance Review June 30, 2018
- Summit Strategies Economic & Capital Market Review June 30, 2018
July 25, 2018 Meeting
- Summit Strategies Private Equity Update July 2018
June 28, 2018 Meeting
- CB 57-2018 Prefile
May 31, 2018 Meeting
- Summit Strategies Investment Performance Review March 31, 2018
- Summit Strategies Economic & Capital Market Review March 31, 2018
- Summit Strategies Emerging Market and Real Assets Search
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police & Fire Employees' Retirement Plan
April 26, 2018 Meeting
- Emerging Market Education
- Retiree COLA memo
- Fiduciary Training
March 29, 2018 Meeting
- Dimensional Fund Advisors Presentation
- Mondrian Presentation
- Robbins Geller Rudman & Dowd Presentation
- Retiree COLA Analysis (continued)
February 22, 2018 Meeting
- Unaudited Statement of Revenues and Expenses Howard County Retirement Plan
- Unaudited Statement of Revenues and Expenses Howard County Police and Fire Employees’ Retirement Plan
- ICM Presentation
- Colchester Presentation
- Summit Strategies Investment Performance Review December 31, 2017
- Summit Strategies Economic & Capital Market Review December 31, 2017
- Retiree COLA analysis/Change in CPI table
- Disability Review Board Procedures Update (HCRP)
- House Bill 971 and Related News Article
- Previously Closed Meeting Minutes
January 25, 2018 Meeting
- Howard County Retirement Plan Actuarial Valuation as of July 1, 2017 (complete report)
- Howard County Retirement Plan Valuation Results Summary
- Howard County Police/Fire Retirement Plan Actuarial Valuation as of July 1, 207 (complete report)
- Howard County Police/Fire Retirement Plan Valuation Results Summary
December 1, 2017 Meeting
- Summit Strategies Investment Performance Review September 30, 2017
- Summit Strategies Economic & Capital Market Review September 30, 2017
- Annual Liquidity Review 2017
- State Street Global Advisors Presentation
- Whiteford, Taylor & Preston International Growth Equity Manager Review Memo
- Whiteford, Taylor and Preston UBIT Memo
October 26, 2017 Meeting
- William Blair Presentation
- Brown Capital Management Presentation
- Unaudited Statement of Revenues and Expenses
- Updated QDRO Procedures for the Howard County Police and Fire Employees' Retirement Plan
September 28, 2017 Meeting
- Fidelity Investments Presentation
- Summit Strategies Investment Performance Review June 30, 2017
- Summit Strategies Private Equity Update
- Summit Strategies Risk Analysis
- Summit Strategies Monthly Flash Report July 31, 2017
July 21, 2017 Meeting
- Pension Oversight Commission Annual Report
- Summit Strategies Due Diligence Process
- Summit Strategies Due Diligence Process II
- Summit Strategies Emerging Markets Debt Manager Search April 2015 (Due Diligence Example)
- Summit Strategies June Flash Report