Board of Retirement Meeting Information: May 17, 2019 Agenda
Retirement Board Election, Safety and Alternate Member Seats
Candidates for the Safety and Alternate member seats on the Board may pick up required forms at the Registrar of Voters. Forms must be returned by Friday May 3. The candidate with the most votes will be the Seventh Member of the Board of Retirement and, if applicable, the Alternate member will be the candidate with the most votes that represents a Safety Group different from the Seventh Member. The Alternate member votes in the absence of the Seventh member or the elected General members.
Election Information and Calendar
Board approved 3% COLA
Eligible retired members receive an annual cost of living adjustment (COLA) based on the change in the Consumer Price Index (if any). SJCERA's actuary has calculated the applicable COLA to be three percent (3%). SJCERA's Board of Retirement approved the actuary's recommended COLA at its February 8, 2019 meeting. COLAs are applied to retirees' May 1 benefit payments.
Post-1982 Class Action Lawsuit Notice Mailed
A notice regarding a class action lawsuit was mailed on April 9, 2019 to eligible members, or their beneficiaries, who retired between April 1, 1982 and December 31, 2000. Please visit http://www.post82classaction.com for more information. SJCERA and our Board of Retirement deny all the allegations and we are vigorously defending ourselves against this law suit. SJCERA and cross-defendant County of San Joaquin have each filed Motions for Summary Judgment and/or Summary Adjudication, which are scheduled for hearing in June.