| | | | | | | | City of Marquette, MI
300 West Baraga Avenue
Marquette, MI 49855
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| | | | | | | | Agenda Date: 4/28/2025
Consent Agenda - Roll Call Vote
MERS Addendum for Plan Closure [Division 110360] |
| | | | | | | | | BACKGROUND: | | The City of Marquette is a participating municipality with the Municipal Employees' Retirement System of Michigan (MERS) and has adopted products administered by MERS. Multiple divisions exist under the City's plan due to the various bargaining units and benefit programs. One of these divisions, #110360, is no longer required as the division is closed to new hires and there are no longer any eligible participants in the division. The City is requesting to close this division and will need to execute the attached document with MERS to complete this process. |
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| | | | | | | | | FISCAL EFFECT: | | None by this action. |
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| | | | | | | | | RECOMMENDATION: | | Approve the attached MERS Addendum for Plan Closure for the defined contribution division #110360, and authorize the Chief Financial Officer to sign and execute the document. |
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| | | | | | | | | ALTERNATIVES: | | As determined by the Commission. |
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