ACERA is exploring the option of providing individual medical
plan coverage to early retirees (not eligible for Medicare) who
live outside the ACERA sponsored group plans’ service areas
through a private health insurance exchange. Benefits
facilitators in the exchange would help members enroll in an
individual medical insurance/prescription plan and use their
Allowance to offset the cost of the plan if eligible.
If you’re an ACERA member enrolled in a medical insurance plan
(and probably a prescription drug coverage plan) through
OneExchange, you pay a monthly premium for your
plan(s) to your insurance company(ies). If you use your coverage
to go to the doctor or get a prescription, you may have to pay
deductibles or copays to the doctor or pharmacy.
If you’re an ACERA retiree, survivor, or payee, you can now get
your 1099-R Form by logging into your ACERA Web Member
Services (WMS) account. If you’ve already created a WMS
account, simply use your username and password to log in. If you
need an account, click the Need an Account link to create one.
income to retirees and payees on IRS form 1099-R. The 1099-R
forms for 2014 will be mailed to all retirees and payees no later
than January 31, 2015. Form 1099-R should be filed with your 2014
ACERA announced today that Vincent P. Brown will resign his
position as Chief Executive Officer (CEO) effective February 27,
2015 to take up appointment as Deputy Treasurer, Administration,
Finance, and Education Policy for the Treasurer of the State of
California, John Chiang.
Mr. Brown has served as CEO since July 2011, coming from his
prior position as CEO of Santa Barbara County Employees’
Retirement System (SBCERS) as well as a number of executive
positions in California state government.
ACERA’s annual Open Enrollment will conclude on November 30, 2014 for group healthcare plans and December 7 for individual Medicare plans through OneExchange. Enrollment forms for group plans that are mailed to ACERA must be postmarked by November 30, 2014.
Joseph W. Fletcher has been recruited as ACERA’s Chief Counsel,
and will begin work during November. As Chief Counsel, Mr.
Fletcher reports directly to CEO Vincent P. Brown and
serves as legal advisor to the Board
of Retirement and ACERA Staff, and represents ACERA in civil
cases, advises them in matters of civil law, and manages ACERA’s
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, 2014, 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, 2014.
In order to comply with IRS regulations, ACERA will be requiring
that safety members wait at least 90 calendar days after retiring
from ACERA before returning to work for any ACERA Participating Employer. This requirement
will take effect June 1, 2014, which means that any member who
wishes to retire prior to this commencement of this requirement
will have to return to work on or before May 31, 2014.
Effective January 1, 2013, the Board
of Retirement made a decision to eliminate the $4,250
non-vested portion of the former $5,000 Retired Member Lump Sum
Death Benefit, thereby
reducing the death benefit down to the $750 vested portion. In
researching the accounts that the death benefit is paid out of,
ACERA discovered that the Board of Retirement had adopted a
section of code in 1992 approving a vested retiree death benefit
of $1,000 to be funded by the SRBR as long as funds were
ACERA is exploring the option of providing medical care plans to
early retirees (not eligible for Medicare) through a private
health insurance exchange in order to control healthcare costs
and offer plans in more service areas. Benefits facilitators in
the exchange would help members enroll in an individual medical
insurance/prescription plan and use their Monthly Medical
Allowance to offset the cost of the plan if eligible.
Extend Heath, ACERA’s private health insurance exchange for
Medicare-eligible members, has changed its name. It is now called
OneExchange. Participants should have received a notice in the
mail announcing this change. OneExchange is only a change in
name, and is not specifically accompanied by other changes. You
can visit OneExchange on the web at:
The U.S. Department of the Internal Revenue Service issued the
Alameda County Employees’ Retirement Association (ACERA) a
favorable tax determination letter on January 29, 2014. The
favorable determination letter indicates that in the opinion of
the IRS, ACERA satisfies the qualification requirements of
Internal Revenue Code section 401(a) and is therefore is a
qualified public retirement plan entitled to favorable tax
We’ve totally redesigned our website, and we’re really proud of
We hope you find it more organized, user-friendly, and viewable
on all types of devices. On the new site you can sign up to get
ACERA news delivered directly to you,
and enroll in one of our retirement planning seminars.
The Alameda County Employees’ Retirement Association held an
election for three seats on the Board of Retirement from November
20 to December 18, 2013. Votes for the Board of Retirement
election were counted on Thursday, December 19, 2013 at the
Registrar of Voters (ROV) office for the following seats:
Members in retired status, as well as survivors of ACERA members,
will receive their 1099s during January 2014. IRS Form 1099 is
how ACERA reports retirement income. Members should use their
1099s to file their 2013 income taxes.
Prior to 2014, ACERA allowed members to purchase service credit
through pre-tax payroll deductions for certain ineligible
employment with our participating employers, as well as redeposit
their contributions from prior memberships. For years, the IRS
approved pre-tax service credit purchases through payroll
deductions based upon the pre-tax provisions in Internal Revenue
Code (section 414(h)(2)).
The reforms proposed in Assembly Bill 340 (AB340) this summer (as
previously reported by ACERA) were amended in September and then
withdrawn entirely when the California State Legislature opted to
convene a Joint Legislative Conference Committee on Public
Employee Pensions in late October. The Committee,
co-chaired by State Senator Gloria Negrete McLeod (D-Montclair)
and South Bay Assemblyman Warren Furutani (also a Democrat), will
hold its next public hearing on December 1 in Sacramento.