Through GovInvest, MERS will provide over 750 participating municipalities with access to the first-of-its-kind actuarial self-service online tool
The Municipal Employees’ Retirement System (MERS) of Michigan announced a new partnership with GovInvest, the pioneer of financial forecasting software for public sector agencies.
This partnership will provide MERS municipal members with cutting-edge tools and customized technology to promote transparency and sound fiscal management practices to support MERS core mission of providing a secure retirement for Michigan’s public servants.
“Our goal is to bring employers’ data to life to assist them with understanding, analyzing and communicating with stakeholders about their retirement plan,” said Betsy Waldofsky, MERS Finance Director. “GovInvest has tailored their online self-service actuarial tool to the specific needs of MERS and its members, and we’re excited to provide each of our members with access to this powerful tool.”
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Eighty-four percent of Michigan’s retirement plans participate in MERS, a not-for-profit retirement system. With GovInvest’s management solution, MERS will empower members across the state to better analyze their plans’ liabilities. The software makes it easy to run detailed financial projections, compare data with peer groups and review historical plan data.
“We’re proud to partner with MERS to bring this new cutting-edge technology to all participating municipalities,” said GovInvest Co-Founder & CEO Ted Price. “Using this software will allow governments of all sizes to make more informed decisions with more precise and comprehensive data literally at their fingertips so they can continue to be good stewards of taxpayer resources for generations to come.”
GovInvest Co-Founder & President Jasmine Nachtigall-Fournier added, “Working with MERS, we are truly honored to help provide the public servants of Michigan — firefighters, public safety officers and the people who keep our roads and bridges safe — the secure retirement they have earned.”
GovInvest also offers additional software solutions for in-depth other post-employment benefit (OPEB) and workforce cost analysis, providing dedicated experts for agencies to prepare for the changing economy, workforce and policy.
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