Product: Defined Benefit, Hybrid
Contacts: Primary, finance and e-pay contacts
Date Sent: 4/11/2017
Description: An eblast was sent to DB and Hybrid employers informing them of the new process for applying voluntary contributions via surplus divisions. Contacts should contact their Regional Manager or BPC for more information.
In addition, recipients were reminded that the total impact of any increase to required minimum contributions due to recent assumptions changes will be phased in over the next five years. They should notify MERS if they wish to be billed the full impact amount instead.
A copy of the eblast can be viewed here.