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:
- Benefit Multiplier
- Length of Service (Credited Service)
- Average Monthly Earnings (final average compensation)
Note: Risks are borne solely by the Employer (Investment risk, mortality risk, inflation risk, prior retirements, promotion risk, disability risk).
(Benefit Multiplier x Average Monthly Earnings) x Credited Service = Monthly Straight Life Benefit
Russell Investments serves as the manager of managers within the framework of the adopted investment policy.