Contribution Rates Effective July 1, 2021 to June 30, 2022
At its October 14, 2020 meeting, the Retirement Board reviewed and accepted the actuary’s valuation report for the year ending December 31, 2019 and adopted the recommended employer and member contribution rates, which will become effective on July 1, 2021.
The contribution rate packet below has member and employer contribution rates for the period July 1, 2021 through June 30, 2022. The contribution rates are scheduled to be adopted by the Contra Costa County Board of Supervisors at their November 3, 2020 board meeting.
Note for Central Contra Costa Sanitary District
On June 25, 2021, Central Contra Costa Sanitary District (“the District”) made a $70,763,669 prepayment towards their entire December 31, 2019 Unfunded Actuarial Accrued Liability (UAAL). Along with a reduction in the UAAL, the prepayment decreases the District’s required UAAL contribution rate.
At its July 14, 2021 meeting, the Retirement Board reviewed and accepted the actuary’s calculation of the resulting reduction in the District’s amended employer contribution rates, effective on July 1, 2021. A copy of the actuary’s letter is available from CCCERA upon request.
Below are the employer contribution rates to be used effective July 1, 2021 through June 30, 2022.