Joe Hart
I am a retired police officer (Sept 2018) who served 30 years from 1988 to 2018. While in a Private Pension Plan System, I became part of a team that moved our pension from that private plan to the MERS Retirement System and this was in 1995. We went from a 1% uncompounded COLA to the 3% compounded that the MERS program offered. Our union was more than overwhelmed at this chance as it would only increase our post retirement benefits! Our contribution also decreased from about 9.6% to 9%. This was a win-win!