What happens to my contributions?
Your contributions are held in trust by SamCERA. A separate account is created in your name and all the contributions that you make (and any employer pick-ups of your contributions) are deposited in this account.
Interest is credited to your account on June 30th and December 31st of each year at a rate determined by the Board of Retirement.
If you leave employment, you may withdraw your contributions and interest. (You cannot withdraw your employer’s contributions. Your employer’s contributions are only used to fund your pension benefits.) If you withdraw your contributions, you waive all rights to SamCERA pension and disability benefits.