FAQ: Retirement > MERS > Municipality

Retirement > MERS > Municipality > Contribution and Fund Transfer

5. Is there a State formula for municipal contributions?

It is important to first note that there is no State “formula” per se; rather, every year CMERS actuaries make an actuarial determination with regard to the appropriate service contribution. A municipality is obligated to pay all three legs of the CMERS stool although the UAL is less if only prospective hires or service are included. When the employee retirees, the municipality obligation ends with regard to the service contribution but the annual administrative fee still continues.