Skip Navigation
Wednesday, April 8, 2020

Administrative and Policy Change Log

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

Defined Benefit Plan

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.
Posting Date: March 15, 2019
Impacted Audiences: All MERS participants
Details: Participants now have the ability to add, edit and delete beneficiaries for all MERS products EXCEPT the DC PLUS program online through their myMERS account. We are working to add this capability for DC PLUS participants as soon as possible.
Posting Date: December 20, 2018
Impacted Audiences: All MERS municipalities
Details: Effective January 1, 2019, we are asking all customers to establish an authorized signatory to execute contracts with MERS. This change is in an effort to ensure consistency and compliance when completing legally-binding documents.

The authorized signatory will be a designated position (ex: Finance Director, Administrator), not a person. You will have the option to choose up to three positions to serve as signatories. Employees in this role will be authorized to sign MERS' contracts relating to the adoption, amendment and termination of MERS' products, and defined benefit service credit purchase approvals.

Municipalities have the option to opt out of selecting an authorized signatory. However, in that event, all contracts related to the above mentioned items will need to be accompanied by Board minutes showing approval.
Posting Date: July 02, 2018
Impacted Audiences: Municipalities with a MERS Defined Benefit Plan, Defined Contribution Plan or Hybrid Plan
Details: At the March MERS Retirement Board Meeting, the Board voted to amend the plan termination policy for the defined benefit, defined contribution and hybrid plans....Learn more
MERS Facebook MERS TwitterMERS LinkedInMERS Youtube

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).