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Find out what's new and exciting with the Berkshire County Retirement System and our members. Also learn about important legislation that affects your retirement program. 

News

Recent changes in the pension law could affect your decision to withdraw your funds.

Your retirement system ranks in the top 10% in the state

Ensuring the integrity of long term pension funding for the 105 contributory retirement systems for public employees in Massachusetts is a major policy priority for PERAC.  The Actuarial Unit is the focal point for these efforts. Under law, the unit determines the annual appropriation for each of the 105 retirement systems.

 

As part of the appropriation process, the unit performs an actuarial valuation of each of the 105 retirement systems every few years. The valuation is a “snapshot” picture of how well the plan is funded at that time. The Berkshire County Retirement Board currently has a funded ratio of 83.5%.

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Board of Directors Election

Peter Menard was re-elected to the Retirement Board on December 11, 2014.  He has served as a board member for 14 years.  The other candidates on the Ballot were Mark Bashara, Lanesborough Police Chief; Rit Heady, retired Great Barrington Police Officer; and Joseph Kellogg, retired Sheffield Town Administrator.  The Board would like to thank the candidates for their participation.