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Berrien County Pension Program
The Berrien County Employee's Restated Retirement Plan is a defined benefit plan. For an individualized pension estimate, please contact Shelley Jasper in the County Administration Office.
Specific benefit is based upon the following four factors:
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Benefit Multiplier
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Length of Service (Credited Service)
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Average Monthly Earnings (final average compensation)
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Age
Note: Risks are borne solely by the Employer (Investment risk, mortality risk, inflation risk, prior retirements, promotion risk, disability risk).
Formula
(Benefit Multiplier x Average Monthly Earnings) x Credited Service = Monthly Straight Life Benefit
GROWTH OF PENSION FUND
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DATE
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VALUE
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12/01
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$ 110,014,136.00
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12/02
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$ 97,233,156.00
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12/03
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$ 113,381,353.00
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12/04
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$ 120,227,587.00
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12/05
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$ 123,262,986.00
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12/06
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$ 135,593,221.00
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12/07
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$ 139,842,503.00
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12/08
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$ 99,168,364.00
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12/09
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$ 117,740,654.00
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12/10 |
$ 130,545,617.00 |
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12/11 |
$ 126,764,450.00 |
INVESTMENT MANAGER STYLES
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World Asset Management
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S & P 500 Index Fund
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William Blair
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Domestic Equity
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Becker Capital
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Mid Cap Equity
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TT International
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International Equity
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Grantham, Mayo & Vanootterly
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International Equity
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Loomis Sayles
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Global Fixed Income
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Segall, Bryant & Hamill
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Domestic Fixed Income
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