Please be advised that, if you take a refund of your retirement contributions, you will terminate your membership in The Berkshire County Retirement System. If you later return to public service on or after April 2, 2012 after receiving a refund, YOU WILL BE CONSIDERED A NEW EMPLOYEE and be subject to the pension reform changes included within Chapter 176 of the Acts of 2011.
Ensuring the integrity of long term pension funding for the 104 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 104 retirement systems.
As part of the appropriation process, the unit performs an actuarial valuation of each of the 104 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's funding ratio is currently ranked #6 in the state.
Mr. Mark Bashara was elected to the Retirement Board on December 12, 2016. His 3 year term is January 1, 2017 through December 31, 2019. Mr.Bashara, Retired Police Chief in Lanesborough was elected with 364 votes. Joseph Kellogg, retired from the town of Sheffield, received 228 votes and Rebecca “Becky” Herzog, Cheshire Town Treasurer received 214 votes.