DiscoverInside MERS InvestmentsYour AAV and the Effect of 2023 Investment Performance on Employer Contributions
Your AAV and the Effect of 2023 Investment Performance on Employer Contributions

Your AAV and the Effect of 2023 Investment Performance on Employer Contributions

Update: 2024-06-21
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(Recorded 06/06/2024) In 2023, the MERS Defined Benefit (DB) Portfolio significantly outperformed our actuarial assumed rate of return. We discuss how, based on this performance, a portion of the excess gains were used to lower the assumed rate of return reflected in your most recent Annual Actuarial Valuation (AAV) and the effect this will have on employer contributions. Email questions to InsideMERSInvestments@mersofmich.com. Visit www.mersofmich.com for more investment information.

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Your AAV and the Effect of 2023 Investment Performance on Employer Contributions

Your AAV and the Effect of 2023 Investment Performance on Employer Contributions

MERS of Michigan