Financials

The purpose of the Merced County Employees' Retirement Association (MCERA) is to provide and protect retirement benefits for its members and beneficiaries. To that end, MCERA's Board of Retirement and staff administer the Fund by collecting contributions, managing Fund investments, and paying benefits to retirees and beneficiaries.

Funding Objective


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.