Monday, December 18, 2017

Legislative

MERS is an independent, professional retirement services company operating on a not-for-profit basis. Partnering with municipalities and their employees all across the state, offering customized, sustainable retirement solutions. We listen to our members and understand the fiscal challenges municipalities are facing, as well as the legislative issues affecting the state, and the state of retirement today.

This section of our site is designed to be a resource for some key issues affecting our municipal partners. Please check back for further updates and resources as they become available.

 

Overview of PA 530 of 2016

New this year, the Public Employee Retirement System Investment Act was amended to require local governments to submit certain information to the Department of Treasury. According to guidance from Treasury, local governments have 30 days from the receipt of their Annual Actuarial Valuation to email this information to treas_LAFD@michigan.gov.

Annual Actuarial Valuations will be sent to municipalities by the end of June.

To review Treasury's guidance, click here.

To view PA 530, click here.

To assist our customers with the new reporting requirements we have created the following guide to provide information for the Retirement System, and to guide you to where you can find your plan specific information. It is important to note that MERS does not have any of the required OPEB information.

Click here for print-friendly version.

Overview of PA-152, and Road Commission Best Practice Bills


 

  • Overview of PA 51—Road Commissions Best Practices Bill
    The Road Commissions Best Practice Bill affects any municipality that receives funding from Act 51 Transportation Funds. This law requires a municipality to choose between complying with an employee compensation plan — which mirrors the fiscal year 2013 EVIP/CIP employee compensation criteria requirements OR compliance with PA 152.
    View PA 51 information
     
  • Overview of 2011 PA 152
    In 2011, the State of Michigan passed Public Act 152, which requires that local units of government place a hard cap on their health care, institute an 80/20 cost sharing arrangement or opt out with 2/3 vote of the governing body.
    View PA 152 information
     
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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).