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Wednesday, October 01, 2014

MERS History

MERS was created by the Michigan Legislature in 1945, and by 1996, we were granted independence from the state. Today, MERS proudly counts nearly 800 municipal systems, with close to 100,000 active and retired members. Approximately 92 percent of MERS 28,000+ retiree members remain in Michigan, contributing more than $400 million to Michigan’s economy.

The MERS Retirement Board provides strict oversight and fiduciary responsibility over the entire system. Over the years, many individual components have guided the Legislature and the Board, resulting in a profound influence over our growth and evolution, as well as future initiatives.

To view a summary outline of MERS evolution since its creation in 1945, click here. You may also view the MERS Plan Document in its entirety, also located on our website.

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 If you believe the information is inaccurate, out-of-date, or incomplete, or if you have problems accessing or reading the information, please call MERS at 800.767.MERS (6377).