As a reporting contact for your municipality’s MERS Defined Benefit Plan, you play an important role in ensuring plan participant information is accurately shared with MERS each month. And even the smallest errors can result in large issues when it comes time to apply for retirement.
MERS is here to help! In this pre-recorded webinar, our staff provide an in-depth overview on the defined benefit plan and how it works. They share information about provisions offered under the plan and where you can locate your municipality’s specific benefit structure. Additionally, they review some common compliance and reporting issues we see when employers submit monthly reports, and give tips to avoid making those errors. The video wraps up with a demonstration of the reporting process.
After watching this video, you’ll have a better understanding of the reporting process and how to avoid making errors that could have unintended consequences in the future.