NOTICE TO MPERS EMPLOYERS:
The Contribution Rate for FY27 will be 29.35%
Latest News
Important Information for Money Market Option DROP Retirees
MPERS is pleased to announce that it has selected Empower Retirement as the new provider of administrative, recordkeeping, communication and investment education services for the Deferred Retirement Option Plan (DROP) effective February 1, 2020. Please see the memo...
Statement re: Valuation Interest Rates to be Used in Future Years’ Valuations
On December 18, 2019, the MPERS Board of Trustees resolved to consider gradually lowering the valuation interest rate from 7.125% to 6.75% over a certain period of time once it receives the results of the 2020 actuarial experience study in March or April of 2020.
Non-chief District I and Retiree District I Trustee Elections Called For
Election Services Corporationhas been engaged to conduct an election for one trustee position to represent Non-chief District I and one trustee position to represent Retiree District I. At its regularly scheduled meeting held November 20, 2019, the Board of Trustees...
MPERS Mourns the Loss of Former Trustee Chief (ret.) Gerald “Jerry” Hanson (Abita Springs)
We were sad to learn that former trusteeJerry Hansonpassed away on on Wednesday, November 6th, 2019 at the age of 77. He served on the board for twelve years. Our hearts go out to his family members.
MPERS Mourns the Loss of Longtime Trustee Capt. (ret.) Willie Joe Greene (Shreveport)
Willie Joe Greene(shown above on the far left with other trustees earlier this year honoring ChiefSuchanekat his last meeting), who served as the Retiree District I trustee, passed away on Thursday, October 3, 2019 at the age of 82. Willie Joe first took office in...