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San Mateo County Employees' Retirement Association
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Are you getting ready to retire?
There are some important things inactive members should know about retirement

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Learn more about your COLA
Get this year's cost-of-living adjustment (COLA), plus find out how COLA is calculated

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Get an accurate retirement benefits estimate
Login to MySamCERA for the most accurate look at your future pension

Announcement

Notice of Election
This June, SamCERA will hold an election for three seats on the Board of Retirement. Read the election notice for important dates and how to file as a candidate.

 

SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
(SamCERA)

NOTICE OF ELECTION
TO ELECT THREE MEMBERS TO THE BOARD OF RETIREMENT

Notice is hereby given that one GENERAL MEMBER is to be elected to fill the second position, and one SAFETY MEMBER is to be elected to fill the seventh position on SamCERA’s Board of Retirement. An Alternate Safety member will also be elected.

Announcement

Coronavirus (COVID-19) Update
Please read this important notice regarding office closure and changes to SamCERA services and programs in response to Coronavirus (COVID-19).

SamCERA is committed to the safety and health of our members and community, and to slow the spread of coronavirus (COVID-19), we are implementing several safety precautions in our programs and services.

Announcement

COLA Increase for 2021
At its January 26, 2021 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries.

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Retirees: 2020 Tax Forms Are Available Now
1099-R Annual Tax Reporting Statements were mailed on January 21.

1099-R tax forms were mailed on January 21, 2021 to the addresses we have on record for retirees. This form contains information about reportable income and taxable income from SamCERA for 2020. It will also reflect the amount of federal and California taxes that have been withheld, if any.

Access Your 1099-R Online

Beginning on January 22, 2021, you will be able to view and print your 1099-R online in the MySamCERA member portal.

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Important Information for Retirees in 2021
Changes to taxes and health plan premiums in 2021 could mean that you see a change in your monthly pension benefit in January.

Changes to taxes and health plan premiums in 2021 could mean that you see a change in your monthly pension benefit in January. Below are a few reminders:

Announcement

2021 Service Purchase Schedule
There are two separate periods of time during 2021 to make service purchases.

Depending on your circumstances, you may be eligible to purchase service credit that can count toward your total years of service and may increase your retirement benefit.

Purchase Request forms may be submitted for the purchase of Extra Help time, Plan 3 service upgrades, certain military leave and unpaid sick leave. Returning SamCERA members can also make a Purchase Request for a redeposit of withdrawn funds.

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2020-21 Contribution Rates
SamCERA has updated its contribution rates for members and employers, effective July 12, 2020.

Announcement

Read more about active member benefits

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Take a financial planning class!

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Retirement Board Agenda

Until further notice, in accordance with the Governor’s Executive Order N-29-20 (3) all Board of Retirement meetings will be held remotely via Zoom video conference and teleconference. Learn more on the Board Meetings page.

Agenda and Agenda Packet

The Board of Retirement meets regularly at 10:00 a.m. on the fourth Tuesday of every month. The schedule of Board meetings is available here. 

Upcoming Dates

Event

How to Achieve Your Financial Goals

Course Information

Location: Online Webcast

Learn how to set goals, make plans, and follow through on those plans for financial and life success. Interactive exercises and thought-provoking questions will encourage participants to adopt and maintain the habits that will make their dreams a reality.

Course materials and instructions will be emailed to all registered members 1-2 days before the date of the class.

Highlights: 

Board Meeting

2021 May Board Meeting

Board meeting materials will be available on the Wednesday prior to Board Meeting Day.

Event

May Retiree Payday

Event

Memorial Day – Office Closed

Event

Creating and Managing Wills and Trusts

Course Information

Location: Online Webcast

Participants will gain a better understanding of the importance of wills and trusts in estate planning, focusing on understanding probate and estate taxation in order to set up and manage trusts more effectively.

Course materials and instructions will be emailed to all registered members 1-2 days before the date of the class.

Highlights: 

Event

Building Your Wealth (Retirement Planning for Mid-Career)

Course Information

Location: Online Webcast

Participants who attend this course will learn key concepts in building wealth, planning for retirement, and understand common investment options.

Course materials and instructions will be emailed to all registered members 1-2 days before the date of the class.

Highlights:

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