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MERS News

Extension of sunset date for bonding for unfunded accrued liabilities is signed into law

Oct 03, 2014 -

SB 922 / PA 297 of 2014 (Senator Brandenburg – R – Harrison Township) has passed the legislature and has been signed by Governor Snyder.  It will extend the sunset date for local entities to bond for full or partial payment of OPEB and pension unfunded accrued liabilities from December 31, 2014 until

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New resource page available for employers

Learn more and prepare for GASB 68 changes

Aug 15, 2014 -

As you may know, changes are coming in 2015 to the way municipalities report their pension obligations. These changes, detailed in the Governmental Accounting Standards Board (GASB) Statement 68, will affect the balance sheets of many of our member municipalities.

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2013 MERS Financial Report Now Online

This year’s Comprehensive Annual Financial Report available for download

Jun 05, 2014 -

Our 2013 Comprehensive Annual Financial Report (CAFR) is now available online, by clicking here. The CAFR offers a detailed look at how we’re creating “A New Vision, A Better Partnership, A Brighter Future,” for our members, with comprehensive information about our investments, projects, financials and much more.

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MERS Group Life & Disability Insurance Program (AdminEASE launches The Standard's website.)

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Supplement Your Retirement

Experts estimate that you’ll need as much as 90% of your working income to continue your standard of living in retirement. MERS 457 is a way to prepare for your future conveniently through payroll deductions.

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Disclaimer
The information contained in this Web site is being made available as a public service. The information is not intended to constitute legal or investment advice, or to replace official versions of that information. Benefit Estimates or Service Credit Purchase estimates requested through this Web site are not official descriptions of any benefits, and do not represent a promise by MERS to provide any benefit(s) to any person(s). No one can detrimentally rely upon the information provided in, or requested through this Web site. MERS reserves the right to correct any errors, and presents this information without warranties, express or implied, regarding the information?s accuracy, timeliness or completeness. If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).