Carbon County’s retirement fund is nearing $100 million.

The fund is used to pay the pensions of county retirees.

On Thursday, controller Mark Sverchek, secretary to the retirement board, reported that the portfolio value at the end of 2021 was $98,863,364.

He said that the portfolio value will help the county with its annual required contribution, which is determined based on the fund’s performance.

When Sverchek took office in January 2020, replacing longtime controller Robert Crampsie, who retired from the position, the fund was reporting all-time highs in the $80 million mark.

“In two years, with that gain, it’s an approximate … gain of close to 12% per year,” he said, adding that this was even with “relatively conservative mix of investments.”

Sverchek added that monthly payouts to retirees, as well as payouts to employees who left adds up to nearly $500,000.

“When you calculate that in there, the fund overall is doing very well,” he said.