Skip to main content
  • Next Retirement Payment Date:
.VCERA
Member Login/Registration
Member Portal Login/Registration
  • Members
    • Active Members
      • Deferred Members
        • Retirees & Beneficiaries
          • New Employee Orientation
            • Life Events
              • Planning for Retirement
                • Pension Calculators
                • Forms & Publications
                  • Forms
                    • Publications
                      • Legal Resources
                      • Board of Retirement
                        • Board Governance
                          • Board Members
                            • Board Committees
                              • Board Meeting Schedule
                                • Meeting Agendas & Minutes
                                • News & Media
                                  • Alameda Decision Information
                                  • About VCERA
                                    • Your Pension Plan
                                      • Executive Leadership & Key Staff
                                        • Investments
                                          • Financial Reports
                                            • “1937 Act” Retirement Systems
                                            • Contact Us
                                            homeDefined Benefit Plan
                                            About VCERA
                                            • Your Pension Plan
                                              • Defined Benefit Plan
                                              • Confidentiality
                                            • Executive Leadership & Key Staff
                                            • Investments
                                              • Investment Policy
                                            • Financial Reports
                                              • Annual Comprehensive Financial Reports
                                              • Administrative Budgets
                                              • Actuarial Valuations
                                              • Actuarial Experience Studies
                                            • “1937 Act” Retirement Systems

                                            Defined Benefit Plan

                                            VCERA is a multi-employer, defined benefit, public pension plan qualified under Section 401(a) of the Internal Revenue Code to administer this lifelong benefit. VCERA provides its eligible members with pension payments that are calculated based on a formula “defined” by law, not on your retirement contributions. VCERA is therefore different from a defined contribution (DC) plan, where benefits are based on contributions and investment earnings that can eventually be exhausted.

                                            Your lifetime VCERA pension will be based on your age at retirement, total years of retirement service credit, and final average compensation. Generally, increasing any of these factors will increase your pension. A fourth calculation factor is benefit tier, which was assigned based on your VCERA membership date and employment classification. Some of the unique advantages of VCERA’s defined benefit plan include:

                                            • Financial Security: Retired members receive a pension payment every month for the rest of their lives. When the retiree dies, an eligible beneficiary (e.g., spouse) may also receive a lifetime continuance.
                                            • Inflation Protection: An annual, compounding cost-of-living adjustment (COLA) is applied to retirement benefits each April. COLAs apply only to the eligible service credit of VCERA’s Safety members, General Tier 1 members, and SEIU or CNA-represented General members employed by the County.
                                            • Professional Management: VCERA’s pension funds are managed by professional investment managers, not individual plan participants.
                                            • Disability Retirement: Members who have been permanently incapacitated from performing their normal job duties can apply for a disability retirement. If granted, the benefit is payable for life.
                                            • Survivor Benefits: When a VCERA retiree dies, there are survivor benefits available to eligible beneficiaries, such as a monthly continuance and $5,000 death benefit.

                                            VCERA provides these valuable benefits to more than 22,000 active, deferred, and retired members and their beneficiaries. Because the benefits are determined by law and not subject to contribution balances or investment market fluctuations, you can rely on them. For this reason, VCERA extends to its members a lifetime guarantee, a bedrock commitment, the fulfillment of a “pension promise” that you can take to the bank – every month for life.

                                            VCERA Footer Logo

                                            1190 S. Victoria Avenue, Suite 200
                                            Ventura, CA 93003

                                            M-F: 8:00am - 5:00pm

                                            (805) 339-4250

                                            TTY: (877) 249-7442

                                            • Board of Retirement & Administration
                                            • County of Ventura
                                            • Deferred Compensation
                                            • Safe Harbor
                                            • Forms & Publications
                                            • Member Handbook
                                            • Retirement Law Book
                                            • Terms of Use
                                            • Contact Us