As a member of the Alameda County Employees’ Retirement Association (ACERA) you are part of a program designed to help you achieve a secure future. ACERA provides eligible employees of Alameda County and other participating employers the opportunity to earn retirement benefits they can count on. We offer a lifetime benefit at retirement, disability and survivor protection, and access to retiree health care coverage.
When you retire from ACERA, we will look at three pieces of data from your career. We will multiply these three “factors” together in a formula, resulting in a dollar amount, and we’ll pay you that dollar amount every month for the rest of your life (depending on which retirement option you choose). So you cannot outlive your retirement benefit.
The ACERA plan offers members a secure, guaranteed, lifetime monthly retirement allowance during their retirement.
In addition to ACERA’s retirement allowance, there are a variety of income sources available to you in retirement, such as Social Security, your balance in a defined contribution savings plan such as a 401(k), 403(b), or 457 plan, an IRA, or your own personal savings account.
Social Security offers retirement, survivor, Medicare, and disability benefits—available under the Social Security Act—to eligible employees. Social Security benefits are provided through the federal government and are separate from contributions to and benefits from ACERA.
Eligibility for Social Security benefits is set by federal law. You may contact the nearest Social Security office or refer to www.ssa.gov for information about your rights and benefits under Social Security.
As changes in your job or your life occur, you may need to make decisions about your ACERA retirement benefits.
This section is designed to help you navigate through these events. It highlights what you need to do, when you need to take action, and the types of changes you can make. The forms you need to submit, if any, are clearly identified.
At any time, if you have questions or need assistance, contact us.