Jul 29, 2014
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Parr Completes "Vital Role" on Pension Oversight Commission

Parr Completes "Vital Role" on Pension Oversight Commission

Christopher P. Parr, of Columbia-based Parr Financial Solutions, Inc. completed his 2nd, voluntary five-year term as a member of the Howard County Pension Oversight Commission. Mr. Parr also served as chairperson of the Commission since 2007 and during the turbulent “Great Recession” of 2008 - our country’s most serious financial crisis since the Great Depression of the 1930’s. He was appointed by County Executives James N. Robey and Kenneth Ulman, and approved by the Howard County Council. The Commission Code does not permit members to serve a third term.

The five-member Howard County Pension Oversight Commission is responsible for monitoring the combined pension plans of the Howard County Employee Pension Plan and the Howard County Police and Fire Employee Pension Plan. The plans have grown from $270 million of combined assets when Mr. Parr first became a Commissioner to over $650 million in combined assets as of July 31, 2013.

"I can't thank Chris enough for giving his time and knowledge in service to the Pension Oversight Commission," Howard County Executive Ken Ulman said. "We can't function as a democratic society without members of the community who are willing to share their expertise to make sure our operations run smoothly and effectively. Chris has played a vital role in securing the future for thousands of current and future retirees."

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