The MERS Board approved a new process for adding a one-time Cost of Living Adjustment, also known as “Benefit E.”

Contact your MERS Benefit Plan Coordinator to request a Supplemental Valuation by July 30 to ensure a smooth transition for Jan. 1, 2011 effective dates, or by clicking here.

The MERS Board approved an amendment to the Plan Document at its May meeting, allowing any municipality to add the one-time COLA — regardless of funded level — as long as the actuarial cost is paid upfront. For more about these new requirements, please read Section 43C(1)(a) of the Plan Document, here.