Tuesday, December 11, 2018

Media Resources

Quick Links:

About MERS
Experience Study Overview (pdf)
Financial Wellness Report (pdf)
GASB 68 Fact Sheet (pdf)
MERS Participating Municipalities (pdf)
 
 

Media Contact

Jennifer Mausolf
Communications and Retirement Strategies Director
517.703.9030
jmausolf@mersofmich.com

 

 

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: Underfunding in the MERS system is caused by overly generous assumptions about future investment returns and mortality rates.

FACT: Underfunding occurs for many reasons including, historical benefit enhancements and the once in 100 year market downturn of 2008. In addition, as a voluntary system, many plans joined MERS underfunded.

To ensure assumptions are sound, we perform an Experience Study every five years. This best practice helps us ensure that each municipality's plan assets are adequate to provide for the benefits that are expected to be paid and that each plan is making reasonable progress to achieve full funding.

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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).