What: Effective August 1, 2024, employers will no longer be required to sign a Certification of Termination Form when an active employee with a MERS Defined Benefit Plan applies for retirement.
Action Required: None
Key Dates: This change is effective August 1, 2024.
Impacted Audiences: Employers who have active employees with a MERS Defined Benefit Plan.
For More Information: See below.
Key Information:
Effective August 1, 2024, MERS is eliminating the requirement for employers to sign a Certification of Termination form when an active employee with a defined benefit plan applies for retirement.
This change reduces the administrative burden required to complete and submit a retirement application, giving employers back valuable time and providing participants a faster, more efficient application process. Employers will continue to receive a copy of all notifications MERS provides participants throughout the retirement process.