This section contains both Comprehensive Financial Annual Reports and Popular Annual Financial Reports.
Comprehensive Annual Financial Report
The Comprehensive Annual Financial Report (CAFR) contains detailed information about MCERA's financial statements, investment performance, and actuarial assumptions, as well as data pertaining to the number and status of the system's members.
The Popular Annual Financial Report (PAFR) is a summary of the CAFR. It highlights only the topics of most frequent interest including net assets, revenue, expenses, and membership. Brief comments from the Administrator are also provided.