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Retirement System Administration

The City's retirement system consists of a defined benefit pension plan and a defined contribution deferred compensation plan (a 457 plan). The pension plan's objective is to accumulate a pool of assets sufficient to meet the obligations of the system at the lowest possible cost to the City. The deferred compensation plan enhances the retirement benefit for retired employees by means of wage and salary deferrals and investments under section 457 of the Internal Revenue Code.

7 Result(s) Found

Actuarial Valuation Report

The Actuarial Valuation Reports measure the System's funding progress and determine the employer contribution rate for the fiscal year.

For Retirees

The following resources are available online for retired City of Kalamazoo employees. You can return forms in person to Retirement Services at City Hall, located at 241 W South Street, or by email to pension@kalamazoocity.org.

Form 5572

Form 5572 must be filed with the Michigan Treasury by any local government that offers a retirement pension or health benefit plan.

GASB Statement Nos. 67 and 68

These reports provide accounting and financial reporting information to comply with the Governmental Accounting Standards Board (GASB) Statement Nos. 67 and 68 for the City of Kalamazoo Employees Retirement System.

GASB Statement Nos. 74 and 75 Reports

These reports provide information on behalf of the City of Kalamazoo Postretirement Welfare Benefits Plan in connection with the Governmental Accounting Standards Board (GASB) Statement Nos. 74 and 75.

Postretirement Welfare Benefits Plan Actuarial Valuation Report

This report measures the System's funding progress and determines the employer contribution rate for the fiscal year.

Summary Annual Reports

The Summary Annual Reports of the Employees' Retirement System provides an overview of the system. It includes information on the plans investments, rates of return, and net position.

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