Escanaba council votes to exit retirement system
By ILSA MINOR Daily Press ESCANABA — The city of Escanaba approved resolutions Thursday to exit the Michigan Municipal Employees Retirement System, commonly known as MERS, and self-manage the investments that support the program. At the start of Thursday’s meeting, Tara Langham addressed the council during public comment to present a letter from MERS CEO Kerrie Vanden Bosch. Langham did not read the letter, but shared responses to some of the concerns raised by the council the last time MERS presented to the council on Oct. 5. Specifically, Langham said MERS provided a list ...