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Board amends MERS plan participation for new hires effective Jan. 1, 2026
Summary
The board amended the MERS direct contribution plan (division 110700) so that all employees hired after Jan. 1, 2026, will be plan participants; the motion passed by voice vote.
The board amended plan participants for the MERS direct contribution division 110700 to read that all employees hired after Jan. 1, 2026, will be plan participants. A motion was made and approved by voice vote.
Members discussed timing and acknowledged the change will affect new hires going forward; no retroactive change for current employees was recorded on the public transcript.
Staff will incorporate the amendment into plan documents and notify human resources and payroll for implementation.
