If your active employment terminates, you will no longer be considered an “active” ACERA member. If you don’t immediately retire, you become a “deferred” member, which means that you continue to be a member of the retirement system, but you’re going to defer your retirement to a later date.
When you defer membership, your payment of employee contributions ends and you elect to leave your accumulated employee contributions and interest on deposit with ACERA. In addition, you no longer earn service credit under the plan. Your contributions on deposit with ACERA continue to earn interest, and you can request a refund of your contributions at any time, unless you have established reciprocity with another public agency. Also, if you defer membership and subsequently return to ACERA-covered employment, you will return at your original entry age and tier.
If you are terminating employment, you may elect to defer membership on the ACERA Termination Election of membership Form.
If you become eligible to retire while a deferred member, you may do so.
The retirement allowance benefits available to you through deferred membership vary, based on tier and vesting status, as follows:
Vested members who elect deferred membership become eligible to receive a retirement benefit allowance when they would have become eligible to retire had they remained in county service. Eligibility for retirement varies by tier as follows: