MCERA's funding objective is to meet long-term benefit promises by retaining a well-funded Plan status, and to obtain optimum returns consistent with the assumption of prudent risk. To ensure the highest level of diligence and care in meeting this objective, an independent audit of MCERA's financial statements is completed each year. For detailed financial information, please view our Financial Reports.
The various MCERA financial reports listed on the on the following pages are available for review.
The purpose of the Actuarial Experience Study is to review the actuarial experience of the Merced County Employee's Retirement Association (the Plan).
Each year, MCERA engages an independent actuarial firm to conduct an accounting of the Plan's funded level.
This section contains both Comprehensive Financial Annual Reports and Popular Annual Financial Reports
The Board of Retirement has exclusive control of all investments of the Plan, and is responsible for the establishment of investment objectives, strategies and policies.