|2018||Retiree Payment Date|
|January||January 31, 2018|
|February||February 28, 2018|
|March||March 30, 2018|
|April||April 30, 2018|
|May||May 31, 2018|
As a VCERA member, death and survivor benefits may be payable to your eligible surviving spouse, minor children, beneficiaries or estate. Death and survivor benefits depend on many different factors and can only be determined after a full review of each member’s individual circumstances. The following is a general description of benefits that may be paid upon the death of a member.
(Report a death)
Employee Member Death
Your VCERA pension is considered a community property asset. Determination of division of this asset during divorce, legal separation or dissolution of domestic partnership is required prior to retirement or withdrawal of contributions.
VCERA can assist members by providing a pre-judgment summary which isolates the service, contributions, and interest earned during the community property period. This can be particularly helpful during the initial part of the dissolution process. VCERA can also provide Domestic Relations Order (DRO) templates to file with the court.
2018 Annual Benefit Statements were mailed on May 9, 2018 to all active VCERA Members. (Active Members only)
On January 29, 2018, the Board of Retirement approved the annual retiree Cost-of-Living Adjustment (COLA) for 2018. The following COLA increases will be reflected in the April 30, 2018 retiree benefits checks:
Your VCERA pension is considered a community property asset. If you have had a marital or domestic partner separation during your membership, please notify VCERA well in advance of submitting your Retirement Application Packet. Division of this asset must be address before retirement benefits or refund of contributions can be paid.
In October 19, 2015 the VCERA Board of Retirement took action on specific pay items pensionable compensation. The provided documents are the Board of Retirement’s Resolution regarding pensionable compensation determinations (2014), and 2 addenda, which list each included pay item. The addenda are separated by effective date.
The 1099R Form issued by VCERA contained an incorrect Payer’s Federal Identification Number.
The correct identification number for VCERA is: 95-6380470
VCERA has issued revised 1099R Forms. E-filers may use the above corrected number; if filing a paper return, please use the revised 1099R Form.
If you have any questions, please contact our office at (805) 339-4250.