Tuesday, August 14, 2018

For a brighter financial future, help your employees
Think About Tomorrow Today

Whether it's flexibility, variety, or simplicity, there's a long list of great reasons to participate in the MERS 457 Supplemental Retirement Program.

The MERS 457 Program is a supplemental retirement program especially for employees of counties, cities, townships, and other municipalities — people just like you — and a great way to help you prepare for life after the workplace.

Experts estimate that you'll need as much as 80%  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, pre-tax or with the Roth option (after-tax).

The MERS 457 Program is an employer-sponsored deferred compensation program, meaning with the pre-tax option, taxes on the contributions are deferred until they are withdrawn.

MERS 457 offers individuals a self-directed account in which they choose a portion of their salary to be contributed. They decide the level of contributions and how to invest the assets. After leaving employment, the benefit is based on the total amount of money in the account. Roth savings are available at retirement age.

There are at least 457 great reasons to participate in the MERS Supplemental Retirement Program. What's Yours?

New Automation Features

  • Online Loan Request Submission
    • For municipalities that allow for loans, employers can elect to allow employees to submit loan requests through their myMERS account. 
  • Online Enrollment
    • For municipalities who have adopted the MERS 457 Program, employers can elect to allow employees to submit enrollment forms online through their myMERS account.
  • Online Employee Contribution Rate Changes
    • For municipalities who have adopted the MERS 457 Program, employers can elect to allow employees to request changes to their 457 contributions online through their myMERS account. 

Wage and Contribution Reporting Updates, click here to learn more.

Attention Employers!  MERS has implemented a new process to assist you with providing MERS benefit information to your new hires. Click here for more information.

Contribution Limits & Reporting Data

Click here to view data sheet.


View 457 asset allocation, investment menus, and more. Click here.

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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).