Special Announcements: Listed by Date
|Public Employees' Pension Reform Act of 2013 "Return to Work" Rules for Retirees:
Can CCCERA retirees return to work for a CCCERA covered employer?
|THE JANUARY 2013 EDITION OF NEW ROADS REGARDING CHANGES TO "RETURN TO WORK" RULES WAS REVISED MARCH 2013.
Meeting Agenda CLICK HERE
Available Agenda Attachments are linked in the document by .pdf files. Click the links to open.
Agenda Archive CLICK
Minutes Archive CLICK HERE
Annual Board Calendar CLICK
Next Board Meeting Dates
March 21, 2013
Retiree Benefit Handbook: Table of Contents Link
New Roads Newsletters
CCCERA Forms Index
Retiree Benefit Enhancements
Retiree Survivor Benefits
Safety Retiree Tax Exclusion
|EFT POSTING DATES FOR 2013
January 3, 2014
- Tier 2 and Tier 3 (disability retirees only) will receive a 2.0% COLA. (There is no COLA bank remaining for these two groups.)
- Tier 1, Tier 3, Tier 4 and Tier 5 (Tiers 4 and 5 are new PEPRA tiers effective on and after January 1, 2013) (service retirement only), and Safety Tier A and D (D is a new Safety PEPRA tier) retirees who retired on or after 4/2/1985 will receive a 2.0%. (The COLA bank for this group of retirees is also exhausted for anyone with a retirement date after April 1, 1985.)
- Safety Tier C retirees will receive a 2.0% COLA.
The COLA adjustment is based on the Bay Area Consumer Price Index (CPI), which varies depending on a yearly survey of the cost of goods and services. Our actuary computes the COLA based on cost comparisons between the previous two years (December of 2011 and December of 2011). The CPI can go up, down, or remain unchanged, depending on the results of this survey. Likewise, the COLA component (only) of a retiree's benefit may go up or down to reflect changes in the CPI. The COL adjustment is applied in April; the amount will be reflected in the May 1, 2013 benefit payment.
For an explanation of the COLA Bank, please click this link to see the 2006 Spring edition of New Roads, available on this web site. To see the complete COLA rate sheet and Segal Company's discussion of the rates, please click this link.
Special Notice: RETIREES May Need to Adjust Their Federal Income Tax Withholding for 2013
|Social Security Administration
State of California Web Portal
California State Legislature
GoDirect is the web site that features information about Federal Social Security Benefit payments. Retirees who apply for Social Security after May 1, 2011 will no longer receive paper checks. This brochure explains your options for electronic funds deposit and debit cards.
California State Department of Consumer Affairs
Contra Costa County Benefits Department