Financial

Overview

Financial

Overview

Financial Reports

CCCERA publishes two financial reports each year. The first is the Comprehensive Annual Financial Report (CAFR), which contains CCCERA’s financial statements. The second is the Popular Annual Financial Report (PAFR), which is a summary of the CAFR.

In accordance with Gov. Code Section 31597, each year CCCERA issues an annual financial statement by June 30 for the preceding calendar year. Since 1998, CCCERA’s financial statement is published within the CAFR.

Overview

Investments

CCCERA is a defined benefit plan with approximately $7.6 billion in assets (as of September 30, 2016). A defined benefit plan guarantees a specific monthly benefit at retirement – contributions are collected regularly from members and participating employers and invested. These contributions and investment earnings allow CCCERA to pay member benefits.

Overview

Contribution Rates

Funds to pay CCCERA benefits are derived from member and employer contributions as well as investment earnings on those contributions. The contributions are made up of two components.

Commands