Financial Statement Audits
Purpose
The purpose of the yearly financial statement audit is to audit MercedCERA’s financial statements in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards (GAS), issued by the Comptroller General of the United States.
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.
- MercedCERA Actuarial Experience Study July 1, 2016 to June 30, 2019
- MercedCERA Actuarial Experience Study July 1, 2013 to June 30, 2016
- MercedCERA Actuarial Experience Study July 1, 2010 to June 30, 2013
- MercedCERA Actuarial Experience Study July 1, 2007 to June 30, 2010
- MercedCERA Actuarial Experience Study July 1, 2004 to June 30, 2007
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Actuarial Valuation Reports
Funding for your retirement benefit is provided from three sources: employer contributions, employee contributions, and investment earnings. Each year, Merced County Employees’ Retirement Association (MercedCERA) engages an independent actuarial firm to conduct an accounting of the Plan’s funded level. The main purpose of the actuarial valuation is to determine the employer and employee contribution rates that will sufficiently fund the plan.
- MercedCERA Actuarial Valuation Report as of June 30, 2022
- MercedCERA Actuarial Valuation Report as of June 30, 2021
- MercedCERA Actuarial Valuation Report as of June 30, 2020
- MercedCERA Actuarial Valuation Report as of June 30, 2019
- MercedCERA Actuarial Valuation Report as of June 30, 2018
- MercedCERA Actuarial Valuation Report as of June 30, 2017
- MercedCERA Actuarial Valuation Report as of June 30, 2016
- MercedCERA Actuarial Valuation Report as of June 30, 2015
- MercedCERA Actuarial Valuation Report as of June 30, 2014
- MercedCERA Actuarial Valuation Report as of June 30, 2013
- MercedCERA Actuarial Valuation Report as of June 30, 2012
- MercedCERA Actuarial Valuation Report as of June 30, 2011
- MercedCERA Actuarial Valuation Report as of June 30, 2010
- MercedCERA Actuarial Valuation Report as of June 30, 2008
- MercedCERA Actuarial Valuation Report as of June 30, 2009
- MercedCERA Actuarial Valuation Report as of June 30, 2007
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Financial Reports
This section contains both Annual Comprehensive Financial Reports and Popular Annual Financial Reports.
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.
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2021
- MercedCERA Alternative Investment Performance Reports For the Period Ending December 31, 2020
- MercedCERA Alternative Investment Performance Reports For the Period Ending September 30, 2020
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2020
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2020
- MercedCERA Alternative Investment Performance Reports For the Period Ending December 31, 2019
- MercedCERA Alternative Investment Performance Reports For the Period Ending September 30, 2019
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2019
- MercedCERA General Investment Performance Reports For the Period Ending June 30, 2019
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2019
- MercedCERA General Investment Performance Reports For the Period Ending March 31, 2019
- MercedCERA Alternative Investment Performance Reports For the Period Ending December 31, 2018
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2018
- MercedCERA Alternative Investment Performance Reports For the Period Ending September 30, 2018
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2018
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2018
- MercedCERA General Investment Performance Reports For the Period Ending June 30, 2018
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2018
- MercedCERA General Investment Performance Reports For the Period Ending March 31, 2018
- MercedCERA General Investment Performance Reports For the Period Ending February 28, 2018
- MercedCERA Alternative Investment Performance Reports For the Period Ending December 31, 2017
- MercedCERA Investment Performance Reports For the Period Ending December 30, 2017
- MercedCERA Alternative Investment Performance Reports For the Period Ending September 30, 2017
- MercedCERA General Investment Performance Reports For the Period Ending September 30, 2017
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2017
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2017
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2017
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2016
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2016
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2016
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2016
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2015
- MercedCERA Investment Performance Reports For the Period Ending September30, 2015
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2015
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2015
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2014
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2014
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2014
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2014
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2013
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2013
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2013
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2013
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2012
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2012
- MercedCERA Alternative Investment Performance Reports For the Period Ending September 30, 2021
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2022
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2021
- MercedCERA Alternative Investment Performance Reports For the Period Ending June 30, 2021
- MercedCERA Alternative Investment Performance Reports For the Period Ending December 31, 2021
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2019
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2019
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2020
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2020
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2020
- MercedCERA Investment Performance Reports For the Period Ending December 31, 2020
- MercedCERA Investment Performance Reports For the Period Ending March 31, 2021
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2021
- MercedCERA Investment Performance Reports For the Period Ending September 30, 2021
- MercedCERA Investment Performance Reports For the Period Ending June 30, 2022
- MercedCERA Alternative Investment Performance Reports For the Period Ending March 31, 2021
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Investment Fee & Expense Reports
Alternative Fee Reporting
Introduction