How It Works
The Investment Services Program (ISP) provides your municipality with non-membership access to MERS Investments. You benefit from our professionally-managed funds, with low administrative fees due to our economies of scale. The Investment Services Program offers a way to retain administration of your pension program while benefiting from MERS investment experience.
Program Advantages
Peace of Mind
Local municipal board appoints the MERS Retirement Board as investment fiduciary, while maintaining local administration and control.
Power of Pooling
Funds are pooled in the MERS pre-designed portfolios for investment purposes only. Separate trusts are established for each municipality. Money is invested in accordance with the Public Employee Retirement System Investment Act (PERSIA), 1965 PA 314.
Access to MERS Resources
Provides non-voting limited membership in MERS.
Sound Investments
Access to top investment managers worldwide. Benefits from economies of scale. Fully diversified portfolios with performance history. Cost-effective portfolio options. Quarterly return analysis and economic overview.
Retiree Payment Option
Ability to send payments to retirees.
Investments
A Prudent, Long-Term Strategy — And a Proven Track Record of Success
The MERS Investments team is dedicated to providing our member municipalities with excellent returns at affordable costs, while protecting the pensions and assets of our many members.
View our goals, philosophy, and MERS Investments team.
Investment Menu
The portfolios are professionally managed by MERS. Each portfolio has an allocation of stocks/bonds that is rebalanced on a quarterly basis.
MERS Investment Options (pdf)
Resources
View our Investment Policy Statement (DC) (pdf)