RPESJC is the Retired Public Employees of San Joaquin County, an all-volunteer non-profit organization originally incorporated in 1999. Please visit our MEMBERSHIP page for more information about us and how you can become a member, or click on JOIN US above.
Retired California government workers will get tens of thousands of dollars if they give up their long-term care insurance.
CalPERS is preparing to pay out roughly $800 million to settle claims that it misled retirees when it began offering long-term care insurance in the late 1990s and pledged it wouldn’t substantially raise rates on certain plans.
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3% COLA Adopted for Retirees
Eligible retired members receive an annual cost of living adjustment (COLA) based on the change (if any) in the Consumer Price Index. SJCERA’s actuary has calculated the applicable COLA to be three percent (3%). SJCERA’s Board of Retirement adopted the actuary’s recommended COLA at its February 10, 2023 meeting. COLAs are applied to retirees’ May 1 benefit payments.
San Joaquin county boards, commissions, and committees are vital to ensuring public involvement in the government process. The public is encouraged to attend and participate in these meetings, or serve as a board member or commissioner.
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SJCERA would like to reassure members that your benefits are secure. As a member of a defined benefit plan, your lifetime retirement allowance is not tied to investment returns, but is calculated based upon your age at retirement, years of service and salary.
SJCERA invests for the long-term, rather than days, weeks or months. While returns may fluctuate in the short-term, our investment strategy is designed to generate positive returns over decades. The SJCERA investment portfolio is broadly diversified in order to mitigate the effects of periods of market volatility and uncertainty such as the one we are currently experiencing.
Click on the link below to view and download the most current Popular Financial Report
available from SJCERA.
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