Board of Retirement Meeting Information: July 9, 2021, 9:00 AM.
Materials: Meeting Agenda and Materials
Location: https://us02web.zoom.us/j/81657784568; or Call (669) 219-2599 or (669) 900-9128; Meeting ID 81657784568#
Retiree Return to Work Restrictions Reinstated. Effective July 1, Retirees returning to work with an SJCERA-employer are once again limited to working 960 hours per fiscal year. For more information about working after retirement visit the Retired Members Working after Retirement page.
Alameda Decision (Updated 7/12/2021)
The California Supreme Court Alameda decision requires SJCERA to exclude from retirement benefit calculations stand-by pay, correctional briefing pay and employer contributions to deferred compensation. Because these earnings types are no longer used to calculate retirement benefits, SJCERA will return any eligible, overpaid contributions to active members.
The return of overpaid contributions will be included in affected employees' paychecks starting in late summer 2021. Repayments will be issued in phases, starting with those whose repayment amounts are $500 or less (approximately 750 people). Affected members will be notified in advance of the repayment.
For more information about the Alameda Decision, visit SJCERA's Alameda Decision Information page.