Publications
2019 Actuarial Report
SilverStone Group, MFPRSI's actuarial services provider, presents its annual actuarial data for MFPRSI using asset data as of June 30, 2019, and census data as of July 1, 2019. The report is used to determine the normal contribution rate payable by the participating cities, and the funded status.
2018 Annual Report
The 2018 Annual Report provides an overview of the retirement system's financial positions, actuarial highlights, benefit structure, investment performance, and various statistical measures as of June 30, 2018.
2019 Audit Report
MFPRSI's independent auditor, EideBailly, provided this report on the financial statements of the retirement system. The firm audited the statement of fiduciary net position and the statement of changes in fiduciary net position as of June 30, 2019, and June 30, 2018. EideBailly presents its opinion that the financial statements of MFPRSI are presented fairly.
Benefit Handbook
The intent of Member Benefit Handbook is to provide information to the membership and other interested parties concerning the benefits and programs of MFPRSI.
Disability Retirement Brochure
This brochure provides information about MFPRSI's disability retirement benefits, covering the differences between accidental and ordinary to mental disability requirements to the application process and more.
2019 Investment Policy
The investment policy provides a guideline for the retirement system's investment portfolio. This document provides the framework for decisions to be made that balances the risk accepted for the return generated.
IPIO
This document describes in detail the components of the investment program involving the Board, management and staff of the retirement system, external legal counsel, external auditor, and external investment consultant.
MFPRSI Legislative Guide
Guide provided to Iowa legislators briefly describing the retirement system's purpose and goals. Includes information current as of June 30, 2018.
Nearing Retirement Pamphlet
An informative pamphlet for members nearing retirement and thinking about starting the retirement process.
MFPRSI Newsletter Vol. 52
This issue includes a story about how a change to a state property tax law will affect participating cities, but it will not change the benefit structure of MFPRSI. Also highlighted in this issue are member reappointments to MFPRSI's Board of Trustees; the release of a recent study focusing on the economic value of defined benefit plans; an investment performance update as of March 31, 2019; and, articles about the retirement system's Deferred Retirement Option Plan (DROP) and an explanation of the annual escalation of eligible benefits.