The first day of work in your full time, retirement-eligible position.
You may have started out working part time or in another working status that is ineligible for membership, but your date of hire regarding ACERA is when you started your full time, retirement-eligible position.
1st Day of 2nd Pay Period
Your first day of ACERA membership is the first day of your second full time pay period in your retirement-eligible position.
5 Years of Service Credit
Once you earn 5 years of service credit (including reciprocal service credit), you’re vested in the retirement system and have earned the right to receive the vested (guaranteed) benefits in retirement. Some types of service credit purchases count toward meeting the 5-year requirement.
You may retire when you meet one of these eligibility requirements.
* Under Option 1 for tiers 1, 2, and 3, if you retire with less than 10 years of service credit, ACERA will be unable to convert your sick leave to service credit because you must spend at least 1 day in deferred status.
† Under Option 2 for tiers 1, 2, and 3, you can only retire with 20 years service credit if your final employment is as a safety member.
‡ Under Option 1 for tier 4, you can only retire at age 50 if your final employment is as a safety member.
Your last day in active payroll status. If you’re going straight into retirement, this will be the day before your Retirement Date. If not, you can defer your retirement to a later date while maintaining your membership.
Date You Choose
Your first day of retirement. We owe you pension benefits as of this day.
Date of Your Death
You’ll receive your pension allowance payments until the day you die.
Day Your Beneficiary Dies
If you name a qualified beneficiary for a continuing payment (continuance), upon your death your beneficiary will receive allowance payments for the rest of their life.