Friday, December 6, 2019

Media Resources

Quick Links:

About MERS
Experience Study Overview (pdf)
Financial Wellness Report (pdf)
GASB Resources
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: MERS is reducing the assumed investment return again because the 7.75% investment return assumption set following the last Experience Study was too high.

FACT: Retirement plans operate over long-term time horizons, and over the long-term, MERS has met the 7.75% assumption that was set during the last Experience Study. In today's ever-changing world, however, there is a need to review economic assumptions more frequently so that plans can make incremental changes. As a result, MERS pulled up the review of our forward-looking economic assumptions to help ensure MERS plans are continuing to adequately fund benefits. Because expected investment returns are likely to be materially lower than the past due to historically low interest rates and high equity market valuations, MERS will be reducing our investment assumption from 7.75% to 7.35%.

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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).