The Retirement System’s financial objective is to accumulate the assets necessary to pay the promised benefits in an orderly manner.   To accomplish this, contribution rates are established in a manner designed to keep those rates approximately level as a percentage of payroll or as a level dollar amount from year to year.

To determine an appropriate employer contribution level for the ensuing year and to gauge how the System’s funding is meeting this fundamental objective, an independent firm of actuaries and employee benefit consultants conducts annual actuarial valuations.

These valuations are based on the System’s past experience, information about current participation and financial markets, and assumptions concerning the System’s future demographic and economic activity.

An annual public meeting is conducted each year to present the actuarial findings to the Retirement System Board of Trustees.

 The Retirement System's current actuary is

 

Annual Actuarial Valuation Reports
Basic Pension Benefits Retiree Health Benefits
2022 Actuarial Report - Pension
2021 Actuarial Report – Pension
2020 Actuarial Report – Pension
2019 Actuarial Report – Pension
2018 Actuarial Report – Pension
2017 Actuarial Report – Pension
2016 Actuarial Report – Pension
2015 Actuarial Report – Pension
2014 Actuarial Report – Pension
2013 Actuarial Report – Pension
2012 Actuarial Report – Pension
2011 Actuarial Report – Pension
2010 Actuarial Report – Pension
2009 Actuarial Report – Pension
2008 Actuarial Report – Pension
2007 Actuarial Report – Pension
2006 Actuarial Report – Pension
2005 Actuarial Report – Pension
2004 Actuarial Report – Pension
2022 Actuarial Report - Retiree Health Care
2021 Actuarial Report – Retiree Health Care
2020 Actuarial Report – Retiree Health Care
2019 Actuarial Report – Retiree Health Care
2018 Actuarial Report – Retiree Health Care
2017 Actuarial Report – Retiree Health Care
2016 Actuarial Report – Retiree Health Care
2015 Actuarial Report – Retiree Health Care
2014 Actuarial Report – Retiree Health Care
2013 Actuarial Report – Retiree Health Care
2012 Actuarial Report – Retiree Health Care
2011 Actuarial Report – Retiree Health Care
2010 Actuarial Report – Retiree Health Care
2009 Actuarial Report – Retiree Health Care
2008 Actuarial Report – Retiree Health Care
2007 Actuarial Report – Retiree Health Care
2006 Actuarial Report – Retiree Health Care
2005 Actuarial Report – Retiree Health Care
2004 Actuarial Report – Retiree Health Care
HR Staff Directory

Human Resources
200 Grand River Avenue, Ste. 206
Port Huron, MI 48060
 
Phone: (810) 989-6910
Fax: (810) 985-3493
Email: Human Resources