Board of Retirement Meeting: January 21, 2022, 9:00 AM.
Materials: Meeting Agenda and Materials
Location: https://us02web.zoom.us/j/84807983792; or Call (669) 219-2599 or (669) 900-9128; Meeting ID 84807983792#
3% COLA to Board for Approval February 11, 2022
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 SJCERA's Board of Retirement will approve the actuary's recommended COLA at its February 11, 2022 meeting. COLAs are applied to retirees' May 1 benefit payments.
Medicare Part B Documentation Due January 3
SJCERA mailed Medicare Part B reimbursement information to eligible members on November 19. Forms and proof of premium documentation are due January 3 and updates will be reflected on your benefit paid February 1. Forms received after January 3 will receive reimbursement prospectively. Visit the Medicare Page at SJCERA.org for more information.
Alameda Decision (Updated 11/17/2021)
As a result of the Alameda decision, SJCERA is returning member contributions and interest on stand-by pay, correctional briefing pay, and employer contributions to deferred compensation for affected time periods. SJCERA has returned contributions and interest to a total of approximately 900 active members; approximately 150 of whom received their repayments in their November 12, 2021, paycheck. Approximately 100 active member repayments remain, which SJCERA expects to process in December and January. Repayments to deferred members is also scheduled to begin in December. If you believe you are part of the population affected by the Alameda decision and you have not been contacted by December 10, please email SJCERA at ContactUs@sjcera.org, with "Alameda Decision" as the subject line. For more information about the Alameda Decision, visit SJCERA's Alameda Decision Information page.