MERS Defined Contribution Plan Overview

If you have a MERS Defined Contribution Plan and are interested in learning more about your plan and saving for the future, check out this video. We will walk through important considerations such as how your plan is funded, supplemental savings options, investment considerations, and how to create a paycheck in retirement. We’ll also review beneficiary and distribution information. This session is great for all audiences, regardless of how far away retirement may be.

Understanding Your Defined Benefit Plan and Preparing for Retirement

MERS Benefit Education Specialist Amy Goulet will walk you through your MERS Defined Benefit Plan. She will help you understand how the defined benefit plan works, steps you can take now to prepare for the future and how to apply online to receive your benefit when you’re ready to retire. No matter how far away from retirement you are, this session will better help you understand your defined benefit plan and how it can help you achieve your financial goals in retirement.

Understanding Your Hybrid Plan

MERS hybrid plan overview

This video will provide valuable information and insight on how your plan works. You can expect to walk away with more information on the formula used to calculate your retirement benefit, the importance of designating beneficiaries and keeping them updated and your investment options. We’ll also discuss the benefits of myMERS and how the resources MERS provides can help meet your retirement goals.

Medicare Basics

This short video provides an overview on, what is Medicare and who is eligible for coverage, when you can enroll, the different components that make up Medicare, Medicare costs, what’s covered and what’s not covered, supplemental policies and drug coverage, and available resources.

Retirement Planning Considerations

Are you taking the right steps to complete your ideal retirement picture? Spending your golden years doing fun things like golfing or traveling sounds great, doesn’t it? Being prepared for the other expenses you will face in retirement can help you keep those dreams alive!

Insurance Considerations

The types of insurance you need can depend upon your age, assets and dependents. However, each person’s situation is unique.

During the webinar, an insurance expert will walk through the various types of insurances available such as health, automobile, mortgage and life and the purpose of each. They will discuss which insurances make sense based on lifestyle and other circumstances. You’ll walk away with a clear understanding of the best options to help protect you, your loved ones and your valuable possessions.

Social Security

Understanding the components of your retirement income is important and Social Security is a big factor to consider. Join Social Security Public Affairs Specialist Hillary Hatch as she discusses hot topics such as eligibility, the process to apply and resources to help you navigate the system. If retirement is in your near future, this video is for you.

Organizing Your Personal and Financial Records

Life is full of events that lead to many paper and electronic documents. The high volume often leaves people feeling so overwhelmed that they ignore their piles of ever-growing paper, making it hard to find what they need when they need it. During this video, we’ll discuss how to purge the paper you don’t need and organize the paper you keep. We’ll give you examples of files you should shred, recycle, and save.

Defined Benefit Payment Options

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.

Health Care in Retirement

Health Care In Retirement

Health care costs are one of the biggest expenses in retirement. Do you know your options? During this video, MERS staff will provide an overview of Medicare and the benefit options you’ll have in retirement. We’ll talk about the costs associated with Medicare and provide you with resources to help you get more information. We’ll also highlight the MERS retiree healthcare exchange and talk about how you can use the MERS Health Care Savings Program in tandem to assist with premium costs.