Eastern Upper Peninsula Transportation Authority Pension Report 2025
Authority Reports Pension Status with MERS Provider
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Description
Eastern Upper Peninsula Transportation Authority reports ongoing participation in the Municipal Employees' Retirement System as its defined benefit pension provider, with a 45.8% funded ratio and a $807,631 actuarially determined contribution for FY 2025. The arrangement covers active members, inactive members, and retirees under a single pension system subject to state reporting and funding requirements.
Contract Details
Vendor
MUNICIPAL EMPLOYEES' RETIREMENT SYSTEM
Agency
Eastern Upper Peninsula Transportation Authority, MI
Contract Type
FINANCIAL_SERVICES
Document Date
September 30, 2025
Renewal Info
Participation in the Municipal Employees' Retirement System is an ongoing pension arrangement with no specific fixed-term contract detailed in the report; funding obligations are updated annually based on actuarial valuations.
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APPROVEDIssuing Agency
Eastern Upper Peninsula Transportation Authority
Special District
Sault S Marie, MI
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