FINANCIAL_SERVICESAPPROVED

Livingston County Resolution 2026-02-020 Pension Funding Optimization

Livingston County directs MERS asset transfer for pension optimization

$6,413,760 per year (minimum UAL payment); annual required contribution: $8,738,088Livingston CountyMUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGANFebruary 23, 2026

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Description

Livingston County Board of Commissioners approved a resolution to optimize pension funding by transferring surplus division assets to Municipal Employees’ Retirement System of Michigan (MERS), prioritizing debt reduction layers and maintaining a minimum annual UAL payment of $6,413,760. The strategic funding approach aims to retire county pension debt ahead of schedule.

Contract Details

Contract Amount

$6,413,760 per year (minimum UAL payment); annual required contribution: $8,738,088

Vendor

MUNICIPAL EMPLOYEES’ RETIREMENT SYSTEM OF MICHIGAN

Agency

Livingston County, MI

Contract Type

FINANCIAL_SERVICES

Document Date

February 23, 2026

Contract Term

Annual payment; ongoing until pension debt retired

Renewal Info

Payments and transfers are ongoing annually until pension debt is retired; additional discretionary payments permitted at any time.

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