Board of Retirement Meeting Information: February 14, 2020 Meeting Agenda
SJCERA Closed February 17
In observance of Presidents' Day, SJCERA's office will be closed Monday, February 17. The office will reopen at 8 a.m. on Tuesday, February 18.
SJCERA will Mail IRS Form 1099-R on January 31
Form 1099-R reports total income and taxes withheld during calendar year 2019. If you received a payment from SJCERA during 2019 and do not receive your Form 1099-R by mid-February, contact us at (209) 468-2163.
Need answers? Attend our About to Retire Seminar on February 20.
Contact your Department's Training Processor or Human Resources to enroll.
Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) Annual Notice
Your retirement benefit could be subject to federal income tax. You may make changes to your withholdings at any time by submitting a Federal & State Withholding Certificate form.
Recommended 3% COLA to Board for Approval February 14, 2020
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%). It is anticipated that SJCERA's Board of Retirement will approve the actuary's recommended COLA at its February 14, 2020 meeting. COLAs are applied to retirees' May 1 benefit payments.