News and Updates

Overview

News and Updates

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2016 Benefit Statements
Submit data correction form for changes

CCCERA’s annual benefit statements were mailed to active members the first week of August. Members can expect to receive the statements in the next two weeks depending on their location.

Benefit statements contain a summary of members accounts for the previous years. This includes information such as a members designated beneficiary, their address, date of birth and membership date. There is also a tally of contributions and interest, any service purchases completed, and estimates of projected retirement benefit at appropriate ages.

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2017 Cost-of-Living Adjustment (COLA)
February 8, 2017 – Board Approves 2017 Retiree COLA

The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the February 8, 2017 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

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1099-R Tax Forms for Retirees
Mailed by January 31, 2017

CCCERA reports income to retirees, survivors, and payees on a 1099-R tax form. This form should be filed with 2016 tax returns.

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2015 Benefit Statements
Statements mailed June 6

CCCERA’s annual benefit statement were mailed June 6 to active members. The benefit statement contains a summary of members accounts for the previous years.

This information includes members designated beneficiaries, address, date of birth and membership date. There is also a tally of contributions and interest, any service purchases completed, and estimates of projected retirement benefit at appropriate ages.

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2016 Cost-of-Living Adjustment (COLA)
February 10, 2016 – Board Approves 2016 Retiree COLA

The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the February 10, 2016 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

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Board Votes to Retain New General Investment Consultant
February 18, 2015

CCCERA has hired Wurts and Associates (now Verus) as its General Investment Consultant.

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2015 Cost-of-Living Adjustment (COLA)
February 11, 2015 - Board Approves 2015 Retiree Cola

At the February 11, 2015 Retirement Board meeting the Board voted to adopt the automatic cost-of-living Adjustments (COLAs) as calculated by CCCERA’s actuary, Segal Consulting.

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AB 197
Change In Compensation For Retirement Calculations

AB 197 Frequently Asked Questions

On September 12, 2012, the Governor signed into law Assembly Bill 197, with an effective date of January 1, 2013. The measure changed how county retirement boards were permitted to calculate their current members’ retirement allowances.

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