This page contains updates concerning SCERS’ Final Compensation Review Policy affected by the July 30, 2020 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.
SCERS provides two Member Handbooks based on dates of hire; the Legacy Handbook for those hired before January 1, 2013, and the Member Handbook for those hired after December 31, 2012.
Click here to expand the handbook by subject, or click the handbook image below based on your date of hire.
SCERS hosts a seminar of information, frequently asked questions, and resources tailored for members within ten years of retirement.
Due to the pandemic, in-person Advanced Career Retirement Planning seminars have been postponed until further notice and will now be conducted as Pension Planning webinars utilizing the BlueJeans video conferencing platform. Registration is required and limited to 200 participants.
The retiree cost-of-living adjustment (COLA) is based on the average annual change in the U.S. Department of Labor, Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Francisco-Oakland-Hayward area. According to the County Employees Retirement Law of 1937, the SCERS Board must determine the appropriate COLA for SCERS retirement benefits and implement that COLA on April 1st each year.