FINANCIAL_SERVICESAPPROVED

Town of Portland Awards $100,000 Financial Services Contract to Municipal Employees’ Retirement System (mers) (November 2025)

Portland City Council authorized an additional $100,000 payment to the Municipal Employees’ Retirement System on behalf of the Electric Department. The extra contribution is intended to reduce unfunded actuarial accrued liability and improve pension funding levels.

Status
APPROVED
Document date
November 3, 2025
Contract type
FINANCIAL_SERVICES
Vendor
Municipal Employees’ Retirement System (mers)
Agency
Town of Portland · MI

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$100,000.00
Contract type
FINANCIAL_SERVICES
Renewal
Single additional contribution for FY 2025; future additional payments would require separate council action.
Document type
Agenda
Source document
portland_city_council_regular_meeting_agenda_novem.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Portland?

Municipal Employees’ Retirement System (mers) was awarded this financial services contract by Town of Portland, as recorded on November 3, 2025. The contract value is $100,000.00.

How much is the Municipal Employees’ Retirement System (mers) contract with Town of Portland worth?

The Municipal Employees’ Retirement System (mers) contract with Town of Portland is valued at $100,000.00, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in portland_city_council_regular_meeting_agenda_novem.pdf (Agenda), dated November 3, 2025 from Town of Portland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Employees’ Retirement System (mers) hold?

Municipal Employees’ Retirement System (mers) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Municipal Employees’ Retirement System (mers)'s profile

What is Town of Portland currently buying?

Explore Town of Portland's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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