Alameda Corrections
Alameda Corrections
This page contains updates concerning SCERS’ Final Compensation Review Policy affected by the July 30, 2020 California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (“Alameda”). That decision has had important implications for SCERS and its members, possibly impacting the calculation of retirement allowances.
Helpful links:
September 16, 2020 SCERS Board of Retirement action item
Presentation from the August 19, 2020 SCERS Board of Retirement meeting
Alameda Refund Update
SCERS is now distributing overpaid retirement contributions to current and former County employees for pay elements that can no longer be included in pension calculations.
Next Phase for Alameda Correction Refunds
SCERS is conducting the next phase of the Alameda correction project and is sending notices to approximately 400 retired members who are owed refunds on overpaid contributions but do not require a further adjustment to their pension allowance.
Alameda Refund FAQs
What are the tax advantages of moving or rolling over the “Alameda Decision” funds into a deferred compensation account, like your Fidelity 457 plan?
Rolling over the funds preserves the pre-tax status of the funds and allows you to continue to invest the funds in your deferred compensation account as you determine appropriate.
Alameda Correction Refunds Coming Soon
On August 31, 2022, SCERS mailed approximately 4,200 letters to active and deferred members regarding refunds and distribution options of overpaid retirement contributions. SCERS will begin processing refunds in approximately 30 days.
Alameda Update
SCERS has completed its analysis of compensation and payroll records and is preparing to issue refunds of overpaid contributions and interest to approximately 4,800 active and deferred members in accordance with the Alameda decision.
Preparations Underway to Issue Refunds; address updates needed
SCERS is finalizing its analysis of compensation and pay records and is preparing to issue refunds of overpaid contributions in the coming months in accordance with the Alameda decision.
Alameda Update
SCERS is experiencing delays in finalizing the adjustments to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda).
Alameda Corrections Update
The correction process to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda) is still underway.
Alameda Corrections for Employees and Retirees Continue
SCERS is continuing, but has not completed, the correction process to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda).
SCERS Begins Alameda Corrections for Current Employees
The Sacramento County Employees’ Retirement System (SCERS) has initiated a correction process to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda).
Update on Supreme Court Opinion: Notice to Members
This notice concerns amendments to SCERS’ Final Compensation Review Policy that could impact the calculation of your retirement allowance.
If you have recently submitted or are considering submitting a retirement application, please consider how the following information described below may influence your retirement plans, including withdrawing or delaying your application.
Final Compensation Notice FAQs
Q&A regarding member notice on Supreme Court ruling/Final Compensation
When will the Board take action?
The Board took action on September 16 to comply with the Alameda ruling. Board materials can be found here.
Which pay items are now excluded?