In addition to your vested (guaranteed) benefits, ACERA offers retirees a range of non-guaranteed (non-vested) benefits. The levels of these benefits are reviewed each year by the Board of Retirement, are based on the availability of reserve funds, and may be reduced or eliminated at any time. Because the Board tries to keep these reserve funds sustainable, eligibility requirements for these benefits are also subject to change.
The current eligibility requirements are listed in the table, and you may want to consider these eligibility requirements in your retirement planning.
Eligibility Requirements for Non-Guaranteed Retiree Benefits
Retirees may enroll family members in ACERA healthcare plans. Survivors of ACERA retirees may maintain their enrollment in ACERA healthcare plans after the death of the retiree. One thing to note is that while family members and survivors can be enrolled, the healthcare subsidies described in the chart above can only be paid to offset the cost of the retiree’s healthcare coverage, not the family members or survivors.