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117 actively enrolled participants in the MERS Defined Contribution Plan who are taking advantage of the matching dollars.

MERS Employer: Montcalm Care Network
Montcalm Care Network was able to realize lower investment fees, meaning participants were able to keep more money in their accounts/

Being better able to illustrate the value of their benefits, giving the Commission another tool to use in its recruitment and retention efforts.

MERS Employer: Saginaw County Road Commission
Commission administrators received positive feedback from employees.

With a focus on financial wellness, employees felt more financially secure, contributing to their overall well-being.

MERS Employer: Allegan County
Employee engagement increased, helping them to better understand and maximize their retirement benefits.

Calhoun County saved $105,000 during the first year, post-transition.

MERS Employer: Calhoun County
Calhoun County was looking for a way to reduce its costs and OPEP liabilities while continuing to offer quality and affordable insurance benefits to post-65 retirees who were eligible for Medicare.

OPEB liability was reduced by more than $5 million—an almost 80% reduction.

MERS Employer: Pittsfield Charter Township
Over a seven-year period, the Township’s OPEB liability was reduced by more than $5 million—an almost 80% reduction. As a percentage of payroll, the accrued liability shrank from 10.5% to just 4%.

Provided a portable benefit that supports their goal of attracting and retaining talent, without the possibility of developing future OPEB liability.

MERS Employer: Gerald R. Ford International Airport Authority
Prior to July 1, 2016, the airport was a department of Kent County. As part of a cooperative agreement with the county, GFIAA retirees were provided with a monthly stipend that could be used to purchase health insurance through the county’s plan. Unfortunately, the closed...

The City’s OPEB liability dropped from $10.5 million to just $4 million, a savings of $6.5million.

MERS Employer: City of Eaton Rapids
In 2018, the City of Eaton Rapids’ liability for other post-employment benefits (OPEB) totaled more than $10.5 million. Because they had not prefunded the obligation, the City was determined to be in underfunded status under the Protecting Local Government Retirement Benefits Act (PA 202 of 2017), and was required to file a corrective action plan (CAP).

OPEB liability dropped from more than $8 Million to $1.5 Million

MERS Employer: Jackson District Library
The Jackson District Library is a small municipality that had a big problem with liability for other post-employment benefits (OPEB). Even after closing their retiree health care benefit to new hires in 2007, unfunded accrued liability for eligible active employees and existing retirees was growing. The Library decided to take steps to address their OPEB liability, and in 2008 began...