
Learn how the investment return assumption impacts pension funding and how MERS uses a dedicated gains policy to reduce that assumption in a way that lessens the impact on required contributions.
Learn how the investment return assumption impacts pension funding and how MERS uses a dedicated gains policy to reduce that assumption in a way that lessens the impact on required contributions.
If you offer a Defined Benefit Plan, your Annual Actuarial Valuation (AAV) is an important tool to help you understand the current and future health of your retirement plan. We will walk you through understanding key components of your AAV, and what those numbers tell you about your plan’s current costs and future sustainability.
Walk through the changes and provide a demo of the streamlined navigation and upgraded system capabilities.
A quick walk through of your myMERS landing page and how to access your MERS program information.
Is managing unfunded accrued liability (UAL) a priority for your municipality? In this session we will review how UAL develops and discuss plan design and funding strategies available to address it. Whether you’re considering modifying benefit provisions for new hires, bridging benefits for existing employees, changing your plan type or making additional voluntary contributions, you’ll walk away with a better understanding of your options and what may work best for your municipality’s situation.
Investment earnings from the MERS Defined Benefit Portfolio fund more than half of the benefits paid to MERS retirees. In this video, we’ll discuss how MERS manages the Defined Benefit Portfolio, including who is responsible for which investment decisions. We’ll share our investment philosophy and how that affects our asset allocation and investment goals. You’ll leave with a better understanding of MERS investments and how those investments impact your plan’s funding.
During this session, we’ll cover the fundamentals of your MERS Defined Benefit Plan. We’ll review how each participant’s retirement benefits are calculated, and how that benefit is funded over their career. 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.
The annual actuarial valuation (AAV) is an important tool to help you budget for your municipality’s retirement benefits. This report is a snapshot of your defined benefit plan, and it contains insight to your plan’s liabilities, funding levels, required contributions and important GASB and state reporting. In this video we will guide you through understanding each section of your AAV and answer your questions along the way.
As a MERS Defined Benefit retiree, you’ll receive a monthly benefit payment for the rest of your life. The payment option you choose at retirement will determine how much that monthly payment will be and what will happen to that income stream when you pass away.
Reviewing the results of the recently completed Experience Study, including the updated demographic assumptions that will be used going forward.