PG&E has planned an emergency public safety power
shutoff starting Saturday, October 26 at 5 pm to
preemptively mitigate wildfire risks. This shutoff could
affect approximately 57,000 customers across the Bay Area.
A postcard advertising our Summer
2019 Retiree Lake Merritt Wellness Walk was mailed this week
to local addresses, and the address file we used contained an
error. The error resulted in the postcards going to the correct
addresses with the correct first names, but the last names are
all printed incorrectly on the postcards because they got shifted
in the address file that the printer used.
If you’re an ACERA retiree, survivor, or payee, and you’re
enrolled in one or more of ACERA’s group medical, dental, and
vision plans, the amount of your ACERA monthly retirement
allowance for your January 31 check may have changed. This
is due to annual changes in the monthly premium amounts (the
monthly cost of healthcare plans) that take effect on February 1
when the plan year for ACERA’s group plans starts.
Members in retired status, as well as survivors of ACERA members,
will receive their 1099-Rs in January. ACERA reports income
to payees on IRS form 1099-R. The 1099-R forms for 2018 will
be mailed to all payees no later than January 31, 2019. Form
1099-R should be filed with your 2018 tax return.
Get an Electronic Copy After January 21:
Your 1099-R form will be available on Web Member Services on
January 21, 2019. Log in to take
advantage of this great feature.
The Alameda County Employees’ Retirement Association held an election from November 5, 2018 through December 19, 2018 for the Second Member seat representing the general members on the ACERA Board of Retirement for the calendar years 2019 through 2021.
Votes for the Board of Retirement election were counted on December 20, 2018 at the Registrar of Voters (ROV) office.
UPDATE: A previous version of this news post stated our offices would be closed for visitors on December 24 and 31, but that is no longer correct. We will be open normal business hours on those two days.
ACERA will be closed for business on December 25, 2018 for Christmas and January 1, 2019 for New Year’s Day. ACERA will be open normal business hours on December 24 and 31.
This is a reminder that the ACERA Board of Retirement election is continuing through December 19, 2018 to elect the Second Member representing the general members on the ACERA Board of Retirement for the calendar years 2019 through 2021.
ACERA is aware that spammers have been sending counterfeit emails
that appear to come from ACERA. The emails contain an attachment
or a link and suggest that ACERA has sent the recipient an
invoice. If the recipient 1.) clicks on (opens) the attachment or
2.) clicks on the link and opens the file that is downloaded as a
result of clicking on the link, a computer virus may infect the
recipient’s computer and try to collect online banking login
credentials and other online login credentials.
ACERA wishes to congratulate the Golden State Warriors on their
third NBA Championship victory in four years. The City of Oakland
will be hosting a parade for most of the
day on Tuesday, June 12, 2018. Unfortunately, this will make it
extremely difficult for ACERA members and the public to
access ACERA’s offices that day because our offices are right in
the middle of the celebration area. Much of the downtown area
will be cordoned off, and downtown Oakland will host
hundreds of thousands of fans.
On January 8, 2018, a panel of California’s First District Court
of Appeal issued a 70-page decision in litigation that started in
2012 over changes in the state pension law affecting
“legacy members” of ACERA and two other county retirement
systems—legacy members are those who have entry dates into ACERA
membership prior to the January 1, 2013 commencement of the
California Public Employees’ Pension Reform Act (PEPRA).
ACERA received the Certificate Of Achievement for Excellence in
Financial Reporting awarded by the Government Finance Officers
Association of the United States and Canada (GFOA) for our
Comprehensive Annual Financial Report. According to the GFOA,
the certificate of achievement is the highest form of recognition
in the area of governmental accounting and financial reporting,
and its attainment represents a significant accomplishment by a
government and its management.
Each year, investment consulting firm RVK prepares an investment
analysis report on public funds like ACERA. RVK’s recently
published report for the year ending June 30, 2017 has ACERA
ranked as #1 among all twenty ‘37 act counties in California for
our 16.3% gross return on our investments. (Our 16.0% net return
still has us ranked at #1.)
From left to right: Betty Tse, Clint Kuboyama, Agnes Ducanes, Tom
Taylor, Ryan Breslin, John Ta,
Rob Walters, Phil Wogsberg, Grant Hughs, Bernardino Cabradilla
ACERA Chief Investment Officer (CIO), Betty Tse, has gained
recognition for her outstanding work managing ACERA’s portfolio
for a second time in TrustedInsight magazine, a trade publication
for institutional investors.
VSP® Vision Care wants to do everything we can to help
those affected by fires we are facing. We’re working
directly with our network doctors, business partners, and relief
agencies, including the American Red Cross, to assess the
situation and fulfill the eye care needs of those directly
Here is how member can access care and eyewear that have been
Open Enrollment is your annual opportunity to consider your
benefit needs and options and to make changes if needed. ACERA’s
Open Enrollment period is November 1 – November 30, 2017, and you
can change your Kaiser Permanente or UnitedHealthcare medical
plan and Delta Dental plan and add or drop medical, dental, and
vision coverage for your eligible dependents. ACERA’s Open
Enrollment for an individual medical plan through OneExchange is
October 15 – December 7, 2017.
On September 8, 2017, Equifax, a credit reporting agency,
announced a data breach impacting over 140 million U.S.
consumers. Information accessed by the hackers include first and
last names, social security numbers, birth dates, addresses and,
in some instances, driver’s license numbers and credit card