Board of Retirement Meeting Information: June 3, 2021, 9:00 AM.
Materials: Meeting Agenda and Materials
Location: https://us02web.zoom.us/j/82630947376; or Call (669) 219-2599; Meeting ID 82630947376#
SJCERA Closed May 30
In observance of Memorial Day, SJCERA's office will be closed Monday, May 30. The office will reopen at 8 a.m. on Tuesday, May 31.
Members with Valley Strong Accounts - No Action Needed
SJCERA is working directly with Valley Strong Credit Union during this transitional period to minimize the effect on our members. Valley Strong has advised monthly benefit payments will be deposited into accounts using the new account numbers without disruption and no action is needed by the member at this time.
Chanda Bassett to Continue as Elected Safety Member Trustee
Chanda Bassett ran unopposed for the Safety Member Seventh Seat. Trustee Bassett has served on the Board of Retirement since July 1, 2016. Her new three-year term begins July 1, 2022.
3% COLA Approved for Retirees
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 11, 2022 meeting. COLAs are applied to retirees' May 1 benefit payments.