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Saturday, April 19, 2014

 

A Traditional Pension That
Affordably Rewards Employee Loyalty

Whether it’s recruitment or retention, affordability or sustainability, there are a variety of reasons the MERS Defined Benefit Plan can be the right retirement fit for your municipality.

The MERS Defined Benefit Plan is a traditional pension plan that rewards your employees’ loyalty and longevity, with a lifetime retirement benefit. The MERS Defined Benefit Plan can help you attract and retain top talent at your municipality, while offering you the flexibility to affordably balance your benefits and your budget.

Features & Benefits:

  • Rewards employee longevity
  • Variety of benefit multipliers and other provisions available for adoption 
  • Benefits do not decrease with investment losses 
  • Past service may be financed 
  • Investment returns reduce long-term contributions – 2/3 of MERS municipal members' funding comes from investment earnings 
  • Cost-of-living adjustment (COLA) options available 
  • Death and disability benefit provisions 
  • Additional service credit purchases available


Need Help Finding the Right Retirement Fit?

MERS Regional Team members can help you find affordable answers to your benefit budget. Contact a MERS representative in your area at 800.767.2308,
or click here.


Annual Actuarial Valuation (AAV)

View our guide to your Annual Actuarial Valuation.

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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).