FINANCIAL_SERVICESONGOING

City boosts FY 2026/27 MERS pension contributions

Orchard Lake City will contribute the actuarially required $159,960 minimum plus an additional $120,000 to the Municipal Employees’ Retirement System of Michigan for FY 2026/27. These payments support the defined benefit pension plan and are intended to increase the plan’s funded status above 93%.

Status
ONGOING
Document date
July 15, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Municipal Employees’ Retirement System of Michigan
Agency
City of Orchard Lake Village · MI

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TerraCycle logo
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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
$159,960 (minimum annual contribution for FY 2026/27) plus an additional $120,000 (total approximately $280,000)
Contract type
FINANCIAL_SERVICES
Contract term
Fiscal year 2026/27
Renewal date
2027-06-30
Renewal
Ongoing participation in the MERS defined benefit plan with annual employer contributions set by actuarial valuation; contributions recalculated each year based on updated assumptions and experience.
Document type
Report
Source document
Orchard Lake City Report Municipal Employees' Retirement System of Michigan (MERS) Actuarial 2025 2026-07-15

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Orchard Lake Village?

Municipal Employees’ Retirement System of Michigan was awarded this financial services contract by City of Orchard Lake Village, as recorded on July 15, 2026. The contract value is $159,960 (minimum annual contribution for FY 2026/27) plus an additional $120,000 (total approximately $280,000).

How much is the Municipal Employees’ Retirement System of Michigan contract with City of Orchard Lake Village worth?

The Municipal Employees’ Retirement System of Michigan contract with City of Orchard Lake Village is valued at $159,960 (minimum annual contribution for FY 2026/27) plus an additional $120,000 (total approximately $280,000), covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Orchard Lake City Report Municipal Employees' Retirement System of Michigan (MERS) Actuarial 2025 2026-07-15 (Report), dated July 15, 2026 from City of Orchard Lake Village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Employees’ Retirement System of Michigan hold?

Municipal Employees’ Retirement System of Michigan 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 of Michigan's profile

What is City of Orchard Lake Village currently buying?

Explore City of Orchard Lake Village's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View City of Orchard Lake Village's profile

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