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Board of Retirement General Member Election Results
On October 5, 2018, the Ventura County Elections Division certified the results of the VCERA Board of Retirement’s General Member election held on October 1, 2018. The official canvass indicated that Dan Shapiro (HCA-Ambulatory Care) received 408 of the 698 votes cast. Mr. Shapiro’s three-year term on the Board will begin on January 1, 2019.
2018 Annual Benefit Statements
VCERA’s 2018 annual benefit statements were mailed on May 9, 2018 to all active VCERA members on May 9, 2018. If you have any questions about your statement, please contact VCERA at (805) 339-4250.
2018 Annual Cost-of-Living Adjustment (COLA)
On January 29, 2018, the Board of Retirement approved the 2018 retiree cost-of-living adjustment (COLA). The following increases will be reflected in retirement benefit payments on April 30, 2018:
- Safety Tiers: 3.0% COLA
- General Tier 1: 3.0% COLA
- General Tier 2 (SEIU-covered service): 2.0% COLA
- General Tiers 6 & 8 (SEIU-covered service): 2.0% COLA
2017 1099-R mailed on January 25, 2018
Form 1099-Rs reporting your 2017 earnings from VCERA were mailed on January 25, 2018. If you have questions about your 2017 taxes, please consult your tax preparer.
Notice to Members: Marital or Domestic Partner Separation
Your VCERA retirement benefit is considered a community property asset. Therefore, if you had a marital or domestic partner separation during your membership, your former spouse or partner may be entitled to a portion of your benefit. Please notify VCERA well in advance of submitting your Retirement Application Packet. Division of this asset must be resolved before VCERA can pay a retirement benefit or refund your contributions.
List of “Pensionable Compensation” Pay Items
On October 19, 2015, the Board of Retirement took action on specific pay items considered “pensionable compensation.” Click on the links below to view the board’s 2014 resolution regarding “pensionable compensation” determinations and two addenda listing includable pay items.
Resolution Regarding Pensionable Compensation Determinations Board Resolution
Add. 1 Effective January 1, 2013 Add. 1 Effective January 1, 2013
Add. 2 Effective January 3, 2016 Add. 2 Effective January 3, 2016