Category: News

NOTICE OF ELECTION

The current term for Seat Number 3 of the Board of Retirement (General Member Representative) ends on January 26, 2025.  An election will be conducted for Seat Number 3 for the new term beginning January 27, 2025 and ending on January 27, 2028 pursuant to Government Code 31523.

The following are important dates and activities for this election process:

DATE ACTIVITY

December 8, 2024               Notice of Election Distributed to Members
December 23, 2024             Deadline to Submit Nomination Papers*
January 2, 2025                   Distribution of Election Ballots
January 22, 2025                 Final Date to Receive Ballots
January 23, 2025                 Canvassing (counting) the Ballots

*Note:  Any General Member who desires to run for the Board of Retirement must request a nomination paper from StanCERA no later than 5:00 p.m. on the date specified and returned to StanCERA no later than 5:00 p.m. on the date specified. You must include no less than 25 signatures from StanCERA qualifying General Member signatures, more than 25 are encouraged should any signatures be disqualified.  See StanCERA Bylaws for additional information.

Pick-Up/Drop Off:    
Stanislaus County Employees’ Retirement Association
832 12th Street, Suite 600
Modesto, CA  95354                                                  

Phone:                       (209) 525-6393
E-Mail:                        retirement@stancera.org

This Request for Proposal (RFP) is issued by the Stanislaus County Employees’ Retirement Association (StanCERA) for the purpose of soliciting proposals from qualified companies to provide comprehensive private markets investment consultant search services. The selected company will demonstrate extensive experience and superior capability in providing private markets investment consultant search services for institutional investors.

Deadline for submission of proposals: November 28, 2024

Please submit one complete electronic copy of the proposal to:

Stan Conwell
Investment Officer
Stanislaus County Employees’ Retirement Association
832 12th Street, Suite 600
Modesto, CA 95354
retireops@stancera.org

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.

StanCERA Board of Retirement Board Grants 2022 Cost-of-Living Adjustment

On February 22, 2022, the StanCERA Board of Retirement approved the Cost-of-Living Adjustment (COLA) for retirees and survivor beneficiaries.  Members that are retired prior to April 2, 2022, in Tiers 1, 2, 4, 5 and 6, will receive a 3% COLA beginning April 1, 2022, with an additional 1% deposited into the COLA bank.