"Tomorrow's Future Through Today’s Education"
Michigan Association of Public Employee Retirement Systems, MAPERS, was established to provide educational training and legislative updates to trustees of Public Employee Retirement Systems within the State of Michigan.
Applicable Federal and Michigan law mandates that fiduciaries of governmental pension retirement plans in the State of Michigan meet required fiduciary obligations. In the State of Michigan most municipal state, city and county retirement plans are administered by a Board of Trustees. The Board of Trustees typically consists of elected government officials appointed by the governing political body, and elected from member employee groups.
Public retirement systems are typically separate trust funds established for the sole purpose of providing retirement benefits to retirees and beneficiaries and providing disability benefits to employees disabled in the course of employment.
Members of public pension plans range from clerks at city hall to judges and legislators, police officers to road repair crews from the state highway department., firefighters and teachers. Any person who is employed in the public sector on a full time basis a potential member of a public pension plan.
Trustees of public retirement systems are obligated to act consistent with prudent and fiduciary standards of conduct in the administration of their pension plans. Trustees are fiduciary of the plans they serve and are accountable for their actions. Trustees are ultimately responsible for the day-to-day operation of the plan including administrative policies, granting of the benefits, investment of the assets, and ensuring that the plans are funded as required by law.
The Michigan Association of Public Employee Retirement Systems is recognized as the principal educational, legislative forum for trustees, plan administrators, and other retirement and financial professionals in the State of Michigan.