Financial

Overview
Overview

Actuarial Experience Study

Purpose

The purpose of the Actuarial Experience Study is to review the actuarial experience of the Merced County Employee’s Retirement Association (the Plan). The Plan’s demographic experience - observed rates of retirement, withdrawal, termination, disability, and death – was compared with the experience expected under the actuarial assumptions adopted to determine Plan actuarial liabilities and cost, and revised assumptions are recommended as appropriate.

Overview

Financial Reports

This section contains both Annual Comprehensive Financial Reports and Popular Annual Financial Reports.

Overview

Investment Reports

 

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.