This video will provide valuable information and insight on how the MERS 457 Supplemental Savings Program works.
MERS 457 Program Overview
This video will provide valuable information and insight on how the MERS 457 Supplemental Savings Program works.
A quick walk through of your myMERS landing page and how to access your MERS program information.
Depending on your financial goals in retirement, it may be necessary for you and your spouse to consider supplemental retirement plan options. In this session, we’ll explore your retirement savings choices to help you add security to your retirement plan. Another important component to financial security is ensuring your investments are allocated correctly to help you reach your retirement goals. We’ll walk through some investment basics and provide tips to help you evaluate your current investment line-up.
We’ll discuss how the MERS Defined Contribution Plan works and how plan design strategies, such as pairing the defined contribution plan with the MERS 457 Supplemental Savings Program, can help employers incentivize higher employee contribution levels, while providing employees the freedom to adjust their rates as needed. We’ll also walk through the benefit provisions modifications coming soon with the implementation of the Employer Reporting project that MERS kicked off this year. You’ll learn more about employer expectations as a result of this project and important next steps you’ll be asked to take.
When it comes to investing, don’t put all of your eggs in one basket…unless that basket is diversified with a smart mix of funds.
Don’t forget to let us know who your beneficiaries are so that your retirement benefits are handled smoothly without red tape, expense or delay. MERS makes it easy to update beneficiary information through logging in at mersofmich.com.
As a new MERS participant, you may have questions about how your benefits work. We’ve made learning about your new plans easy. This short, interactive video lets you pick which MERS programs you would like to hear more about.