StanCERA will be hosting a Pre-Retirement Webinar on Friday, June 23, 2023, at 10:00 a.m. The webinar is designed for those who plan to retire within the next five years.
Topics include:
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 is pleased to announce the launch of its Member Portal. There are many features available for members. Information and instructions on how to register may be found on our Forms and Publications page.
Questions regarding the Member Portal may be directed to: memberportal@stancera.org.
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.
StanCERA will be hosting a Pre-Retirement Webinar on Friday, June 23, 2023, at 10:00 a.m. The webinar is designed for those who plan to retire within the next five years.
Topics include:
In late July, the California State Supreme Court issued its decision in a case generally referred to as the “Alameda Decision”. The case combined several outstanding issues brought by various labor associations around the State regarding the inclusion of certain types of pay elements in the calculation of final average salary. Final average salary ultimately determines the size of a member’s retirement benefit and, the larger the final average salary, the larger the retirement benefit. The issue at hand here is whether these pay elements should have been included in the calculation of final average salary at retirement for certain StanCERA members.
Continue Reading Resolution Regarding the “Alameda Decision 2020“
