MERS amortization extension request
Calhoun CountyMichigan- Detected
- Oct 15, 2026
- 18 days ago
- Sector
- Payroll and Pension
- Est. value
- Free account
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From the meeting
The county requested an amortization extension from MERS to ease budget pressure from its unfunded accrued liability. The actuarial study dated September 24, 2026 would extend Division 01 and Division 20 from 7-13 year layers to 19 years. The report shows annual employer contributions falling from $3,826,500 to $2,625,672 under the extension.
This is a finance-driven trigger that can affect labor costs and future pension vendor work.
- Meeting date
- October 15, 2026
- Agency
- Calhoun County
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