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Form 1099-Rs Mailed on January 28, 2019

Form 1099-Rs reporting the 2018 retirement earnings of retirees and other VCERA payees were mailed on January 28, 2019. Members are encouraged to consult a qualified tax preparer with questions about their 2018 taxable income.


Non-Vested $27.50 Supplemental Benefit Resolutions

On March 17, 2003, the Board of Retirement adopted a resolution approving a supplemental, non-vested cash payment in the amount of $27.50 per month to all current and future retirees and their eligible beneficiaries who qualify for the supplemental, vested benefit of $108.44 per month. “Non-vested” means that the benefit is not a guaranteed, lifetime allowance.


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

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.