Medical, Dental, Vision, and Other Benefits
Non-Guaranteed (Non-Vested) Benefits Available to Retired Members
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.
Current Retiree Non-Guaranteed Benefit Eligibility Requirements
|Benefit||Years of ACERA Service Credit|
|Monthly Medical Allowance||10 years, 15 years, 20 years for different levels of benefits|
|Medicare Part B Reimbursement Plan||10 years|
|Dental Plan Subsidy||10 years|
|Vision Plan Subsidy||10 years|
|Supplemental COLA||No minimum years of service credit, but must
lose 15% of original buying power
|$1000 Lump Sum Death Benefit||No minimum years of service credit. This benefit is paid out of the SRBR and is considered vested while funds are available.|