In conjunction with California County Employees’ Retirement Law (CERL), StanCERA’s Board of Retirement policy limits the use of vacation cash-out pay for purposes of determining compensation earnable for pension calculations.
As of July 1, 2024, vacation cash-out pay for pension calculations is limited to the total amount allowed annually by the employer for non-management Legacy Tier members. PEPRA membership is not affected by this change.
The StanCERA Actuaries have provided an Interactive AVR report on how they have completed the June 30, 2023 Valuation. Please click on the link provided to view.
StanCERA Board of Retirement Board Grants 2024 Cost-of-Living Adjustment
On February 27, 2024, the StanCERA Board of Retirement approved the Cost-of-Living Adjustment (COLA) for retirees and survivor beneficiaries. Members that are retired between April 2, 2023 to April 2, 2024, in Tiers 1, 2, 4, 5 and 6, will receive a 2.5% COLA beginning April 1, 2024. Members that were retired prior April 2, 2023, in Tiers 1, 2, 4, 5 and 6, will receive a 3% COLA.
