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The Municipal Employees' Retirement System (MERS) of Michigan operates as an independent provider of professional retirement services. It develops and manages comprehensive retirement programs, including both defined benefit and defined contribution plans, tailored for Michigan's municipal workforce. MERS employs expert financial stewardship to ensure financial security for its members.
Established by the Michigan legislature in 1945, MERS was driven by the insight that a unified system was crucial for reliable statewide municipal retirement security. This legislative initiative aimed to professionalize and standardize retirement offerings, addressing fragmented local benefits and strengthening provisions for public servants.
The organization serves municipal employees, retirees, and their employing municipalities across Michigan. MERS's vision centers on providing enduring financial security and peace of mind for members throughout their retirement years. It continuously refines services, striving to be a trusted steward of retirement benefits for public servants.
Municipal Employee Retirement System of Michigan has 3 tracked investments across 3 companies. The latest tracked deal is $18.3M Series C Extension in Trice Medical in January 2019.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 14, 2019 | Trice Medical | $18.3M Series C Extension | John Kerschen, Municipal Employee Retirement System OF Michigan | BioStar Ventures, HealthQuest Capital, Safeguard Scientifics, Smith & Nephew |
| May 1, 2017 | Sustainable Protein | $40.0M Series D | Mitsui | Mike Velings, Cargill, Pangaea Ventures, Suan Swee TAN, Walden Riverwood Ventures |
| Nov 1, 2016 | Aperia Technologies | $16.0M Series B | BOB Stefanski, Municipal Employee Retirement System OF Michigan | Ehukai Investments, TAZ Patel |
