Notes for those enrolled prior to April 2, 2012

Active Members

Active Members

Notes for Active Members who were enrolled

prior to April 2, 2012:

Direct Deposit dates:

September 29, 2017

October 31, 2017

November 30, 2017

December 29, 2017

May 31, 2017

June 30, 2017

July 31, 2017

August 31, 2017

January 31, 2017

February 28, 2017

March 31, 2017

April 28, 2017

  • Your retirement account is a true pension plan, not a 401K.  

 

  • Can retire with 20 yrs service at any age

 

  • Can retire with 10 yrs service at age 55

 

  • Full retirement age is 65 for Group 1, 60 for Group 2 and 55 for Group 4

 

  • Pension is calculated using your age at the time of retirement, your years of creditable service, your group classification and an average of your three highest consecutive years of regular compensation.

 

  • Section 18 Anti-Spiking provision:  if salary increases more than 10% in 2 preceding years, those additional earnings are not included

 

  • Once you have been retired for 1 full calendar year, post-retirement earnings when added to the pensioner’s retirement allowance cannot exceed the salary of the position from which he retired, plus $15,000

 

  • If you have service in more than one Group classification, you may elect to receive a retirement allowance based on a pro-rated benefit.

© 2017 by Berkshire County Retirement System

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Records Access Officer

CONTACT US:

Phone: 413-499-1981      

Fax:      413-445-7990                                    

Email:   info@berkshireretirement.com

29 Dunham Mall

Pittsfield, MA 01201-6207

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