Governor Martin O'Malley has appointed Linda Herman, Executive Director of the Montgomery County Employee Retirement Plans (MCERP), to a newly-created 15th seat on the Board of Trustees of the Maryland State Retirement and Pension System. The board was expanded to include an additional trustee to represent the interests of county governments as a result of legislation passed during the 2013 General Assembly session.
Ms. Herman has served as Executive Director of MCERP since her appointment to that position in April 2004. Prior to that, Ms. Herman had served the MCERP for five years as Senior Investment Officer, managing the investment programs for the county's defined benefit, defined contribution and deferred compensation plans.
Prior to joining Montgomery County, Ms. Herman worked for 26 years for the Washington Suburban Sanitary Commission (WSSC), including seven years as Manager of Retirement and Investments. In that position, she was responsible for overseeing the administration and investment programs for the WSSC's pension plan and its $1.5 billion short-term cash investment portfolio.
Ms. Herman holds a Bachelor of Science degree in accounting from the University of Maryland. She is a resident of Bethesda.