Saginaw Transit Authority and Regional Services Awards Financial Services Contract to MERS (June 2026)
Saginaw Transit Authority and Regional ServicesPublic Authority · Saginaw, MI- Disclosed value
- Initial deposits anticipated at $400,000; ongoing contributions of 2% of each employee's annual salary
- From minutes
- Approved
- Jun 22, 2026
The 30-second brief
STARS approved establishing individual retiree healthcare savings accounts with MERS. The program is expected to begin around October 1, 2026, with $400,000 in initial deposits and ongoing employer contributions equal to 2% of employee annual salaries.
MERS holds this financial services contract with Saginaw Transit Authority and Regional Services. Its other public contracts on record include work for Delta County Conservation District and Howell Carnegie Library District.
Term as filed: Possibly beginning October 1, 2026; six-year vesting period for employee accounts; ongoing contributions thereafter.
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Contract details
- Contract type
- Financial Services
- Amount
- Initial deposits anticipated at $400,000; ongoing contributions of 2% of each employee's annual salary
- Document date
- June 22, 2026
- Term
- Possibly beginning October 1, 2026; six-year vesting period for employee accounts; ongoing contributions thereafter
- Vendor
- MERS
- Source document
- Saginaw Transit Authority Regional Services Minutes Board of Directors Regular Meeting 2026-06-22 (Minutes)
MERS's other public contracts
More Saginaw Transit Authority and Regional Services contracts
Questions about this contract
Who was awarded the financial services contract by Saginaw Transit Authority and Regional Services?
MERS was awarded this financial services contract by Saginaw Transit Authority and Regional Services, as recorded on June 22, 2026. The contract value is Initial deposits anticipated at $400,000; ongoing contributions of 2% of each employee's annual salary.
How much is the MERS contract with Saginaw Transit Authority and Regional Services worth?
The MERS contract with Saginaw Transit Authority and Regional Services is valued at Initial deposits anticipated at $400,000; ongoing contributions of 2% of each employee's annual salary, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a minutes record.
Where was this contract approved?
This contract appears in Saginaw Transit Authority Regional Services Minutes Board of Directors Regular Meeting 2026-06-22 (Minutes), dated June 22, 2026 from Saginaw Transit Authority and Regional Services. 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 Saginaw Transit Authority and Regional Services currently buying?
Explore Saginaw Transit Authority and Regional Services's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.
