MERS Pension Funding Scenarios Reviewed by Traverse City
City of TraverseCity · MI- Disclosed value
- Estimated additional contributions of $300,000 or $350,000; estimated payment of $1,558,409 to bring the plan to 60% funded as of January 31, 2026
- From agendapacket
- Document date
- Nov 7, 2026
The 30-second brief
Traverse City reviewed MERS actuarial estimates concerning pension funding and potential additional surplus contributions. The analysis considered $300,000 and $350,000 contribution scenarios and a payment needed to reach 60% funding.
MERS holds this financial services contract with City of Traverse. Its other public contracts on record include work for Howell Carnegie Library District and Henika District Library.
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Contract details
- Contract type
- Financial Services
- Amount
- Estimated additional contributions of $300,000 or $350,000; estimated payment of $1,558,409 to bring the plan to 60% funded as of January 31, 2026
- Document date
- November 7, 2026
- Vendor
- MERS
- Agency
- City of Traverse
- Source document
- City of Traverse City AgendaPacket General Fund Fund Balance Policy Ad Hoc Committee Meeting 2026-11-10 (AgendaPacket)
MERS's other public contracts
More City of Traverse contracts
Questions about this contract
Who was awarded the financial services contract by City of Traverse?
MERS was awarded this financial services contract by City of Traverse, as recorded on November 7, 2026. The contract value is Estimated additional contributions of $300,000 or $350,000; estimated payment of $1,558,409 to bring the plan to 60% funded as of January 31, 2026.
How much is the MERS contract with City of Traverse worth?
The MERS contract with City of Traverse is valued at Estimated additional contributions of $300,000 or $350,000; estimated payment of $1,558,409 to bring the plan to 60% funded as of January 31, 2026, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in City of Traverse City AgendaPacket General Fund Fund Balance Policy Ad Hoc Committee Meeting 2026-11-10 (AgendaPacket), dated November 7, 2026 from City of Traverse. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does MERS hold?
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.
What is City of Traverse currently buying?
Explore City of Traverse's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.