Thursday, April 9, 2020

Media Resources

Quick Links:

About MERS
Vanden Bosch Named New CEO (pdf)
Experience Study Overview (pdf)
Financial Wellness Report (pdf)
Understanding the Difference Between Accounting and Actuarial Numbers
MERS Participating Municipalities (pdf)

Media Contact

Jennifer Mausolf
Communications and Retirement Strategies Director



Myths & Facts

The retirement field can be complicated, and we want to be sure we share accurate information. Here are some common myths and facts:

MYTH: Counties that manage their own pension systems do no worse than MERS, and in some cases do a better job of keeping their pension promises funded at sustainable levels.

FACT: Since each municipality determines benefits and sets assumptions at the local level, it’s misleading to compare average funding levels. Moreover, MERS has a successful track record of improving the financial health of our member’s plans, including turning around and rehabilitating plans that are struggling financially when they enter MERS. This is why over 80% of Michigan municipalities have chosen to partner with MERS.

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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).