On December 31, 2017, the terms for three MCERA Retirement Board seats will end. These seats include one of the Board’s Miscellaneous members, a Retired member and a Retired Alternate member. MCERA board member terms are for three years, except for the County Treasurer’s seat. While the Miscellaneous Board seat is to be elected by active Miscellaneous members, the Retired and Retired Alternate seats are elected by MCERA retirees. Notices will soon be sent out in early October to MCERA retirees and Miscellaneous members by the Merced County Registrar of Voters. Ballots are to be distributed on November 1st with November 21st being the final date that ballots are to be submitted.
The MCERA Board is comprised of nine members and two alternate members. Members include the County Treasurer; four members appointed by the Board of Supervisors; two members elected by Miscellaneous members; one member elected by Safety members; and one member elected by retired members. Safety and retired members also elect an alternate.
MCERA Board member responsibilities include determining investment strategy and managers; selecting outside actuaries; and reviewing and ruling on disability retirement applications and special cases. The Board’s management functions are governed by the applicable provisions of the California Government Code, and the by-laws and policies of MCERA. Board member requirements include attending at least two MCERA Board meetings a month and have a continuing education requirement.