On February 27, 2024 at our Board of Retirement Meeting Cheiron presented the 2023 AVR as of June 30, 2023.
Category: Alert
Advice Notices
Effective 11-01-2023 monthly advice notices will no longer be mailed.
They can be located on the StanCERA Member Portal.
Please register at https://www.stancera.org/stancera-member-portal/
Semi-Annual Member Statements
Effective 2024 Member Statements
In the spirit of efficiency and conservation, future semi-annual statements will no longer be delivered via US mail. This information and other items related to your membership are available on StanCERA’s Member Portal.
Instructions on how to register for the portal may be found at: https://www.stancera.org/stancera-member-portal/
Link to log-in/register may be found by visiting: www.stancera.org
Questions regarding the Member Portal may be directed to: memberportal@stancera.org
StanCERA Member Portal
StanCERA is pleased to announce the launch of its Member Portal. There are many features available for members. Information and instructions on how to register may be found here:
https://www.stancera.org/wp-content/uploads/2023/06/Web-Portal-InviteInstructions-1.pdf.
Questions regarding the Member Portal may be directed to: memberportal@stancera.org.
Pre-Retirement Webinar – June 23, 2023
StanCERA will be hosting a Pre-Retirement Webinar on Friday, June 23, 2023, at 10:00 a.m. The webinar is designed for those who plan to retire within the next five years.
Topics include:
- How to apply for retirement
- Benefit options available
- Information required when application is submitted … and more!
Registration for the webinar is required and space may be limited. Once registration has been confirmed, an email will be sent with details, including a link to download webinar documents.
Click here to register: https://us02web.zoom.us/webinar/register/WN__p9kcqGiSxa8JZzZLrl–g
(if link does not open, copy and paste into browser)
Board of Retirement Grants 2023 Cost of Living Adjustment
On February 28, 2023, the Board of Retirement approved the 2023 Cost of Living Adjustment (COLA). StanCERA bases its COLA increases on the Consumer Price Index (CPI) for All Urban Consumers in the San Francisco-Oakland-Hayward area. The 2023 COLA for retirees is based on the change in CPI from December 2021 and December 2022. The CPI increased by 4.882% resulting in a 5% total COLA. 3% will be granted and 2% will be deposited into the member’s COLA bank.
Based on Government Code Section 31870.1, retirees, other than members of Tier 3, are limited to 3% COLA increases annually. All retirees, with the exclusion of Tier 3, should receive an increase in benefits by 3%. The remaining 2% will be deposited into COLA banks for future granting (with the exclusion of Tier 3).
Cost of Living Adjustments will be reflected for benefits payable in April 2023, which will be paid on May 1, 2023.
As a reminder, Tier 3 members are not eligible for COLA increases.
Alameda Decision Update : Active Members
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 Board of Retirement Approves Triannual Actuarial Experience Study – Changes to Member Rates July 1, 2022
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://www.stancera.org/wp-content/uploads/2022/03/2018-2021-Experience-Study-StanCERA.pdf
StanCERA Guidance Regarding Executive Order N-04-22
Alameda Decision Update: Active Member Calculations
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.