The Board of Retirement is comprised of eleven members; two elected by the active general membership, one regular and one alternate elected by the active safety membership, one regular and one alternate elected by the retired membership, four appointed by the County of Merced Board of Supervisors, and the County of Merced Treasurer, who serves as an ex-officio member. With the exception of the County Treasurer, Board members serve three-year terms, with no term limits.
The MCERA Board of Retirement is responsible for the general management of the retirement system, including making benefit determinations and managing the investment of the system's assets. The day-to-day management of MCERA is vested in the Plan Administrator appointed by the Board.
Board of Retirement meetings are held the 2nd and 4th Thursdays, and meetings begin at 8:15 a.m. The first meeting of the month is primarily for administrative matters, while the second meeting is for investment related matters.