Retirement Systems Salary

Retirement Systems Salary

How much does the Retirement Systems Pay for employees?

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As of August 2026, the average weekly salary for employees at Retirement Systems in the United States is $1,687. This translates to an approximate annual wage of $87,717. Salaries at Retirement Systems typically range from $1,484 to $1,907 weekly, reflecting the diverse roles and experience levels within the company. Retirement Systems’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Retirement Systems Pay for Different Roles?

Explore detailed salary information for specific jobs at Retirement Systems. The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
How accurate does the salary look to you?

Current Job Openings at Retirement Systems

Ready for your next career move? Explore current job openings at Retirement Systems. Use the search tool below to find available positions by title and location and apply directly to start your career.

Is Retirement Systems’s Pay Competitive? Salary Benchmarking Analysis

How does Retirement Systems’s compensation stack up against the market? This analysis visualizes their annual average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
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Average Salary ($/year)
Retirement Systems
Insurance
Standard Pension Services LLC
Dawson Ford Garbee Insurance
Industry Comparison
Our data shows that, on average, compensation at Retirement Systems is below the average for the U.S. Insurance industry by approximately 29%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Retirement Systems average annual salary with several similar companies. Retirement Systems average salary of $87,717 is lower than Standard Pension Services LLC, which has an average salary of $98,919. It is higher than Dawson Ford Garbee Insurance, with their average salary at $82,760. This places Retirement Systems in a mid-range position among its peers.
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How Retirement Systems's Salaries Compare to Similar Companies?

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at Retirement Systems. Click a company name to learn more.

Employee Reviews: Working at Retirement Systems

Considering a career at Retirement Systems? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The insurance industry can be fast-paced, but the management ensures workloads are reasonable. The organization runs efficiently with well-defined roles. It’s a company that truly values its employees and their contributions. It’s a great place to build a long-term career in the insurance industry. The company provides a stable and rewarding career in the insurance industry.
Commented in April 21, 2025
24
1
I’ve been with this insurance company for several years, and it’s been a positive journey. Career growth opportunities are available, and the benefits package is strong. Training programs are thorough, and there’s a strong emphasis on teamwork. The leadership team is accessible, and there’s a strong focus on professional growth. I’ve enjoyed my time here due to the collaborative culture. The insur...
Commented in March 16, 2025
9
3
This insurance company is a great place to work, especially for those looking to grow in the industry. It’s a reliable workplace for those seeking steady employment. It’s a good place for those who prefer a steady, low-drama workplace. Management maintains a professional yet approachable demeanor.
Commented in February 11, 2025
11
3

Retirement Systems Overview

Website
www.grpensions.org
Founded In
1979
Employees
<25 employees
Industry
Insurance
Headquarter Address
233 Fulton St E Grand Rapids Michigan MI 49503
Revenue
<$5 Million
Phone Number
+1 6163655015
Social Media
About Retirement Systems
The Retirement Systems office administers the Citys two defined benefit pension plans: the City of Grand Rapids Police & Fire Retirement System and the City of Grand Rapids General Retirement System. A 7-member Board of Trustees, comprised of Member Trustees, Citizen Trustees, and one Employer Trustee, oversees each retirement system. Due to the recent emergency order from the Michigan Department

What Benefits Does Retirement Systems Offer Beyond Salary?

A competitive compensation package is more than just a salary. Retirement Systems offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Grand Rapids?

Understanding the cost of living near Grand Rapids is key to truly evaluating a salary offer or your current compensation at Retirement Systems.
Grand Rapids' Cost of Living Index is approximately 89.5 (10.5% less expensive than US average; 2.0% less than MI average). Western MI city, growing, affordable housing. The Rapid bus. When planning your budget based on a salary from Retirement Systems, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,000 - $1,500+ A significant portion of Retirement Systems salary. Location choices impact this heavily.
Utilities (Basic) $140 - $230 Electricity, Heating, Cooling, Water etc.
Public Transportation $40 (The Rapid monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $380 - $560 Can be higher with more dining out or specialty stores.
Personal & Leisure $330 - $630+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $360 - $660+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $2,210 - $3,580+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of Retirement Systems

1. What is the average salary for employees at Retirement Systems?

The average annual total compensation for employees at Retirement Systems is approximately $87,717. However, this is an aggregate figure, actual salaries can range significantly, typically from $77,175 to $99,173, depending on factors like job role, experience, and location.

2. How much does Retirement Systems pay compared to Standard Pension Services LLC?

The average annual salary at Retirement Systems is $87,717, or an hourly wage of $42, in comparison to Standard Pension Services LLC which pays $98,919 per year or $48 per hour.

3. What is the lowest salary at Retirement Systems?

The lowest-paying job at Retirement Systems is an Assistant with a salary of $44,121 per year. The lowest- paying job depends heavily on the specific role, location, whether it's an hourly or salaried position, and if it's full-time, part-time, or an internship. Generally, entry-level positions might represent the lower end of the pay scale.

4. How does having a professional certification impact salary for relevant roles at Retirement Systems?

Professional certifications like PMP (for Project Managers), CPA (for Accountants), or another relevant certification for the industry can often lead to higher salaries and better job prospects at Retirement Systems for applicable roles. Certifications demonstrate a verified level of expertise and commitment to a profession, making candidates more competitive.

5. Does Retirement Systems offer cost-of-living adjustments (COLA) for employees in high-cost areas like Grand Rapids?

While some companies offer formal COLA, many, including potentially Retirement Systems, incorporate cost of living considerations into their overall salary structure for different locations rather than as a separate, itemized adjustment. This means their base pay bands for roles in high-cost cities like New York City are generally set higher to account for these local market factors.

6. What's the typical process for salary reviews and raises at Retirement Systems?

Most companies, likely including Retirement Systems, conduct formal salary reviews annually, often tied to performance evaluations. During these reviews, factors like individual performance, meeting goals, company performance, and market adjustments are typically considered for potential salary increases.

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