Refunds are currently being processed for Active Members affected by the Alameda Decision. If you are an active member in this group, you will be notified by U.S. Mail at the time your refund is being processed. Due to the large number of refunds being processed, status of refunds or updates cannot be given over the phone.
StanCERA is seeking a proven leader with excellent oral and written communication skills to serve as Executive Director. The ideal candidate is able to explain and deliver to various constituents and the Board of Retirement, semi-complex information such as legislation, investments, and pension administration principles and is a hands-on problem solver with strong organizational, administrative, and analytical skills and abilities. They are straightforward and trustworthy and work effectively with Board members and plan sponsors. They build positive relationships with their peers and stay abreast of emerging issues. Above all, they are devoted to ensuring that StanCERA’s members receive excellent customer service.
StanCERA Board of Retirement Approves Triannual Actuarial Experience Study – Changes to Member Rates July 1, 2022
The StanCERA Board of Retirement approved the Triannual Actuarial Experience Study on February 22, 2022. This study accounts for demographic changes and economic factors. Due to assumption rate changes, member rates will be changing July 1, 2022. for additional information visit: https://stancera.org/wp-content/uploads/2022/03/2018-2021-Experience-Study-StanCERA.pdf
StanCERA Board of Retirement Board Grants 2022 Cost-of-Living Adjustment
On February 22, 2022, the StanCERA Board of Retirement approved the Cost-of-Living Adjustment (COLA) for retirees and survivor beneficiaries. Members that are retired prior to April 2, 2022, in Tiers 1, 2, 4, 5 and 6, will receive a 3% COLA beginning April 1, 2022, with an additional 1% deposited into the COLA bank.
Calculations are currently underway for Active Members affected by the Alameda Decision. The calculations should be completed prior to the end of first quarter of 2022. Additional information regarding active member refund status will be sent to those affected via U.S. Mail.