Retiree Health Funding Vehicle
Here you will find the information you need to administer your MERS Retiree Health Funding Vehicle.
Information on how to submit contributions through the Plan Service Center can be found on the 
Guided Payroll Process Guide (pdf).
There are two ways to utilize the RHFV funds:
- Form submission
- Using the funds to offset a contribution report
Submitting a Form
If you wish to withdraw money from your municipality’s RHFV account, you will need to complete and submit the Institutional Fund Distribution Request Form, which is available in the Plan Service Center.
Offsetting a Contribution Report
If you want to use your RHFV money to offset a contribution report, such as your Health Care Savings Program, you would submit a request to move funds from RHFV to the appropriate HCSP through the Case Management tool available in the Plan Service Center. Once the Case Management request is submitted, the associated funds will be transferred within three business days. Then, the next payroll/contribution file processed for HCSP will utilize any available balance to offset any employer contributions.
By default, all RHFV assets are invested in the MERS Total Market Portfolio.
Employers who wish to invest outside of the MERS Total Market Portfolio must have an approved Uniform Resolution on file with MERS acknowledging their acceptance of fiduciary responsibility for investing their assets in compliance with the Public Employee Retirement System Investment Act (PERSIA).
If an approved Uniform Resolution is on file, then you may direct changes to the Service Team for processing. Contact information can be found in the Plan Service Center.
