This guide outlines each section of your report, as well as answers to some frequently asked questions. For more information, please contact your MERS Regional Manager. Click the section title for more information about that part of the report.
Employer Contribution Details
Table 1 provides information regarding your employer contributions. The table shows contribution details, including the Normal Cost and any unfunded accrued liability for each division. Required contributions are shown as both a percentage of payroll as well as an estimated monthly dollar amount, based on your municipality's payroll as of December 31, 2018.
In Table 1 there is a column showing the total Normal Cost (calculating the employer and employee portions together) including the no phase-in and phase-in rates.
This table also shows the member contribution conversion factor. If member contributions are increased/decreased by 1% of pay, the employer contribution requirement will be decreased/increased by the member contribution factor listed on this table. Please see the FAQ section below for more information.