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Sunday, January 26, 2020

Administrative and Policy Change Log

Here you will see a list of Admin and Policy changes.

Entries for September 2019

18
Posting Date: September 18, 2019
Impacted Audiences: MERS Defined Benefit, Defined Contribution, DC Plus, Hybrid, Health Care Savings Program and 457 Program HR Contacts
Details: In order to streamline the enrollment process, effective 9/18/2019, employers do not need to send completed plan enrollment forms to MERS. Simply enter the employee's information into the Employer Portal.

In addition, employers are not required collect beneficiary information from participants in any of MERS’ programs, including the defined benefit plan. After their information is entered into the portal, MERS will reach out to new participants with a welcome email containing important plan highlights including instructions for providing beneficiary information through their myMERS account. We will continue to reach out to participants on a regular basis until they provide beneficiary data to MERS.
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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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).