Bay Harbor Islands Town Pension Plan Details Revealed
Details regarding the Town of Bay Harbor Islands Employees Retirement System, a defined benefit pension plan for full-time employees, are now available. Actuarial valuations and disclosures from recent years can be accessed by residents.
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The Town of Bay Harbor Islands Employees Retirement System offers retirement benefits to eligible full-time town employees. Full-time employees automatically become members and must contribute to the plan after one year of service.
The system operates as a defined benefit pension plan. Actuarial valuations for general employees and police officers have been completed for fiscal years 2022 through 2026. Valuations from 2013 and a general valuation from 2025 are also available.
Disclosures concerning the pension plan were published on October 1, 2021. These documents detail the retirement system's financial standing and operations.
Residents seeking more information about the pension plan should consult the available documentation.
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