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This document outlines the establishment and adoption of the MERS Benefit Program H, a hybrid pension plan that includes both defined benefit and defined contribution components for municipal employees

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How to fill out MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution

01

Begin by obtaining the MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution document.

02

Read through the introductory section to understand the purpose of the resolution.

03

Fill out the required information at the top of the resolution, including the name of the municipality or organization.

04

Review the section describing eligibility criteria for the program, and ensure that all applicable details are captured.

05

Provide any necessary data about members participating in the benefit program.

06

Complete any financial sections accurately, detailing contributions and benefit structures.

07

If applicable, include a statement on the governance of the benefit program.

08

Review the resolution for any required signatures and add them as needed.

09

Make copies of the completed resolution for your records and any needed submissions.

Who needs MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

01

Municipalities looking to provide hybrid benefit programs for employees.

02

Human resources departments managing employee benefits.

03

Employees participating in the benefit program wanting to understand the structure.

04

Legal or policy advisors ensuring compliance with regulations.

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What is MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

The MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution is a formal document that establishes the guidelines and parameters for a specific hybrid retirement benefit program under the Michigan Employees Retirement System (MERS). It outlines the structure, benefits, and policies pertaining to this program.

Who is required to file MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

Entities such as municipalities, counties, and other public employers in Michigan that participate in the MERS retirement system and have adopted the Uniform Hybrid Program are required to file the MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution.

How to fill out MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

To fill out the MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution, follow these steps: ensure you have the correct resolution form; provide detailed information about the employer, including the entity's name and address; include specific election details related to the benefit program; and have it signed by the appropriate authority.

What is the purpose of MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

The purpose of the MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution is to formally adopt and implement the hybrid retirement benefits, ensuring compliance with state regulations and providing clarity to both employers and employees regarding the terms and conditions of the retirement plan.

What information must be reported on MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution?

The information that must be reported on the MERS Restated Uniform Hybrid Program (Benefit Program H) Resolution includes the identification of the employer, details of the hybrid benefit options being adopted, actuarial assumptions, and a summary of the benefits provided under the plan.

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