How much am I paying for my SamCERA benefits?
Your contributions are structured as a percentage of your bi-weekly earnings (also called your “contribution rate”), and are collected through automatic payroll deductions.
In addition to these rates, certain members pay additional contributions in the form of a “cost share” and a “COLA share.” The cost share is a contribution which helps offset the plan costs. The COLA share helps fund future cost of living adjustments to your retirement benefits.
Your pay stub will reflect all of the contributions you are making to SamCERA.