Home News & Alerts

Post

Disclaimer for VCDSA Pension Calculator

It has come to VCERA’s attention that the Ventura County Deputy Sheriffs’ Association (VCDSA) recently released a pension calculator application to its members. VCERA disclaims the accuracy of this pension calculator, as none of the calculations generated by this pension calculator have been tested, reviewed or verified by VCERA. An estimate produced by the VCDSA or any other pension calculator does not create any right to receive benefits under VCERA.

Post

Form 1099-Rs Mailed January 31

Form 1099-Rs reporting the 2022 retirement earnings of retirees and other VCERA payees will be mailed by January 31, 2022. The 1099-Rs are available in Member Portal accounts. Members are encouraged to consult a qualified tax preparer with questions about their 2022 taxable income.

For information regarding income tax, please click here.

Post

2023 Cost-of-Living Adjustment (COLA)

The 2023 cost-of-living adjustment (COLA) for eligible retirees, beneficiaries and other payees with a retirement date of April 1, 2023 or earlier will be reflected in retirement benefit payments on April 28, 2023:

Post

New Federal Tax Withholding Form W-4P Form Starting January 1, 2023

The Internal Revenue Service (IRS) revised the federal tax withholding form W-4P in 2022. VCERA had a temporary grace period but will begin using the revised 2023 version of Form W-4P on January 1, 2023.

If you plan to change your tax withholding at the end of 2022 or beginning of 2023, you will need to use the right form as described below:

Post

Member Portal Multifactor Authentication

To provide additional levels of security, VCERA has implemented Multifactor Authentication (MFA) on our Member Portal.  MFA will assist with prevention of cybersecurity incidents, protect your personal information, and further secure your data against identity theft.  MFA requires you to provide two forms of authentication (Member Portal password and one-time PIN code), before access to the Member Portal is granted. 

Post

July 26, 2021 Board of Retirement Resolution Re: Flex Credit

On July 26, 2021, the VCERA Board of Retirement adopted a Resolution regarding the flexible credit benefit amount that may be included in compensation earnable for “Legacy” members (hired before January 1, 2013).

Prior to the 2020 Plan Year, the County of Ventura’s flex credit benefit was provided in the same amount to all eligible employees within each bargaining unit. However, beginning January 1, 2020, employees In many bargaining groups were offered a “three-tiered” flex credit based on the number of dependents they were covering.

Post

Excluded PEPRA pay codes

On April 19, 2021, the Board of Retirement approved to ratify staff determination on pay codes impacted by the October 12, 2020, Resolution regarding Alameda implementation for compensation earnable and pensionable compensation.

The attached list of pay codes reflects those used for the pay items that are not pensionable under the Resolution’s criteria.

Post

Alameda Decision Implementation Update from Retirement Administrator, Linda Webb

Dear County Employees & VCERA Members,

On October 12, 2020, the VCERA Board of Retirement will be considering a matter of general interest and importance to VCERA members regarding the impact of the California Supreme Court Alameda decision on VCERA. You may have received an email containing two letters from the County on this topic.

Post

VCERA Mourns the Passing of Chairman Trustee, William Wilson

The Ventura County Employees’ Retirement Association (VCERA) is mourning the loss of Chairman Trustee, William Wilson, who passed away on July 11, 2020. Trustee Wilson was appointed to the VCERA Board by the Ventura County Board of Supervisors on January 30, 1995.  

“Trustee Wilson was a man of integrity, and as a trustee he provided strong and steady leadership,” said Linda Webb, VCERA’s Retirement Administrator. “His expertise, financial acumen and common sense approach will be missed. His contribution to VCERA and the entire community can’t be overstated.”

Post

CARES Act

Coronavirus Aid, Relief and Economic Security Act (CARES Act) was signed into law on March 27, 2020, to ease the financial impact of the COVID-19 crisis. VCERA members receiving COVID-19 related distributions from retirement accounts from January 1, 2020, to December 30, 2020, may be eligible for tax relief upon filing their tax returns. Please consult a qualified tax advisor for questions relating to eligibility rules and applicable relief provisions.