News and Updates

Overview

News and Updates

Sign up for email updates or check here to receive the latest news at CCCERA. Request for Proposal (RFP) or similar projects will be posted here during the time they are open for response.

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Coronavirus Update
Our office is currently closed. All pension payments are on schedule and retirement applications are being processed.

The recent coronavirus (COVID-19) pandemic and the resulting shelter in place order has caused CCCERA to close its office on a temporary basis but CCCERA continues to perform its essential business functions. CCCERA continues to fulfill its mission to administer pension benefits earned by our members and to be prudent stewards of plan assets. To that end, we would like to provide the following updates for all members.

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SECURE Act of 2019
Change in required minimum distribution age

The Internal Revenue Service (IRS) generally requires that when deferred members reach a certain age prescribed by law, they begin receiving required minimum distributions from the plan. 

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2020 Cost-of-Living Adjustment (COLA)
January 22, 2020 – Board approves 2020 retiree COLA

The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the January 22, 2020 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

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1099-R Tax Forms For Retirees
Mailed by January 31, 2020

CCCERA reports income to retirees, survivors, and payees on a 1099-R tax form. This form should be filed with 2019 tax returns.

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Have You Received A Verification Letter?
Notices mailed October 23, 2019

CCCERA recently mailed a verification of benefits form.

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1099-R Tax Forms For Retirees
Mailed by January 31, 2019

CCCERA reports income to retirees, survivors, and payees on a 1099-R tax form. This form should be filed with 2018 tax returns.

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2019 Cost-of-Living Adjustment (COLA)
January 23, 2019 – Board approves 2019 retiree COLA

The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the January 23, 2019 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

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2017 Benefit Statements
Submit data correction form or applicable form for all changes

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

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2018 Cost-of-Living Adjustment (COLA)
January 24, 2018 – Board approves 2018 retiree COLA

The Retirement Board voted to adopt the automatic cost-of-living adjustments (COLA) at the January 24, 2018 Board meeting as calculated by CCCERA’s actuary, Segal Consulting.

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1099-R Tax Forms For Retirees
Mailed on January 26, 2018

CCCERA reports income to retirees, survivors, and payees on a 1099-R tax form. This form should be filed with 2017 tax returns.

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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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Have You Received A Verification Letter?
Notices mailed November 8, 2017

CCCERA recently mailed a verification of benefits form.

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2016 Benefit Statements
Submit data correction form for changes

CCCERA’s annual benefit statements will be 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.

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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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