The Board of Retirement has exclusive control of all investments
of the Plan, and is responsible for the establishment of
investment objectives, strategies and policies. Members of the
Board have a fiduciary responsibility to discharge their duties
in accordance with the interests of Merced County Employees’
Retirement Association (MercedCERA) and the investment portfolio.
MercedCERA assets are managed by external professional investment
management firms. The MercedCERA Plan Administrator closely
monitors the activity of these managers and assists the Board
with Implementing investment policies and long-term investment
strategies establishing the following:
- Asset allocation policies
- Investment management policies
- Investment program goals
- Performance objectives
- Risk controls
2025
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2012
