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Tuesday, December 11, 2018

Administrative and Policy Change Log

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

26

Posting Date: November 26, 2018

Action required: No

What: At the end of the first quarter in 2019 MERS will be performing a plan re-enrollment for all Health Care Savings Program participants into the updated default fund.

Key Date(s): The re-enrollment will take place on Friday, March 29, 2019

Impacted audiences: All MERS Health Care Savings Program participants

Key information:

Since there have been many improvements to the HCSP since the plan was created 15 years ago, we want to ensure that all plan participants are aware of the benefits their program provides. At the end of the first quarter in 2019 we will be performing a plan re-enrollment. During this time all participants will have their assets defaulted to an age-appropriate Retirement Strategies fund after close of the market on Friday, March 29, 2019. If participants would prefer to remain in their current investment fund line-up, they must complete and submit a form to MERS or make an election change in their myMERS account by March 22, 2019. (Participants will receive this information and instructions on how to remain in their current line-up if they choose in January.) At this time we will also be sending participants welcome (again) kit that describes their HCSP and highlights the resources available to them.

For more information, contact: MERS Service Center – 800.767.MERS (6377)

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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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).