News Flash

Merced County Employees' Retirement Association (MCERA)

Posted on: March 20, 2020

Communication from Plan Administrator regarding COVID-19

MCERA Message from the Plan Administrator

General Information

Due to the recent COVID-19 outbreak, MCERA will be implementing a business model of phone, fax or email service for our members.  Staff will be available during business hours (8:00AM to 5:00PM) to respond to your needs, however it will not be conducted face to face.       

We realize this is a major inconvenience to our members.  MCERA’s most popular forms and applications can be downloaded off our website and any additional forms can be requested, simply by emailing MCERA@co.merced.ca.us or calling our office. 

To Our Retirees

MCERA considers our ability to pay members timely our top priority.  We have processes in place that allow us to process monthly benefits remotely and we do not anticipate any delays in our monthly benefit payments. If you are not on direct deposit and would like to receive your MCERA benefit payments via direct deposit, please call our office at 209-726-2724 or email us at MCERA@co.merced.ca.us to request a direct deposit form.    

MCERA Investments

MCERA is a strategic, long-term institutional investor.  Built into our actuarial and investment processes are assumptions that the stock market will experience turbulent and volatile swings.  MCERA invests your assets accordingly and as of today, we expect very little changes in our asset allocation.  We have a substantial part of the portfolio dedicated to mitigating market volatility and uncertainty.  MCERA does have exposure to the stock market and the risks associated with the stock market.  As I said, MCERA is a long-term investor and has very long-term liabilities.  MCERA trustees and staff are closely monitoring the situation.  MCERA’s fiscal staff will continue to monitor the portfolio daily and conduct all fiscal business.

Thank you in advance for your understanding during this unprecedented time.  MCERA trustees and staff wish you and your families health and happiness.

Kristie Santos

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