Benefit Tiers

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Benefit Tiers

VCERA provides the following retirement benefit tiers to its members. The corresponding benefit formulas refer to how a member’s monthly benefit is estimated. For example, the Safety Tier 1 benefit formula (“2% at age 50”) could be described as follows: “If a member retired at age 50, he would receive 2% of his final compensation for every year of service credit accrued.” Each benefit formula below could be described in the same way.

  • Safety Tier 1 – The “2% at age 50” formula applies to “legacy” safety members hired by a VCERA employer or reciprocal public agency prior to January 1, 2013.
    • All retirees in this tier are eligible for an annual COLA, up to 3%.
  • Safety Tier 7 (PEPRA) – The “2.7% at age 57 ” formula applies to safety members hired on or after January 1, 2013 who are not eligible for reciprocity by virtue of employment with a reciprocal employer prior to 2013. (This tier is subject to the provisions of PEPRA.)

    • All retirees in this tier are eligible for an annual COLA, up to 3%.

  • General Tier 1 – The “2.35% at age 62” formula applies to “legacy” general members hired prior to June 30, 1979. Also applicable to designated County executives pursuant to the Management Resolution.

    • All retirees in this tier are eligible for an annual COLA, up to 3%.

  • General Tier 2 – The “2.1% at age 62” formula applies to “legacy” general members hired by a VCERA employer or reciprocal public agency between June 30, 1979 and December 31, 2012.

    • SEIU-represented retirees in this tier are eligible for an annual 2% COLA.

  • General Tiers 6 & 8 (PEPRA) – The “2% at age 62” formula applies to general members hired on or after January 1, 2013 who are not eligible for reciprocity by virtue of employment with a reciprocal employer prior to 2013. (This tier is subject to the provisions of PEPRA.)

Click here to learn more about the annual cost-of-living adjustment (COLA).