What: Participants and employers are now able to allocate their investments in incremental percentages (ex: 10.25%). Previously, investments could only be allocated in whole numbers or in whole dollars.
Action Required: No
Key Dates: This option is effective Friday, October 19, 2018
Impacted Audiences: MERS participants who have a participant directed account (MERS Defined Contribution Plan (including DC Plus), Hybrid, Health Care Savings Program or 457 Program) and municipalities with a Retiree Heath Funding Vehicle or Investment Services Program
For More Information: MERS Service Center – 800.767.MERS (6377)
Based on customer feedback, participants and customers who are able to make changes to their MERS invested-accounts can now allocate investment funds in incremental percentages. Previously, funds could only be allocated in whole number percentages. Changes can still be made by dollar amount.