The Alameda County Employees’ Retirement Association (ACERA) is a public pension fund, but it’s made of more than money alone. ACERA is the 23,000+ current and former public employees working in Alameda County, California who collectively invest their deferred wages to receive a secure income after retirement. ACERA is the 90+ county employees that administer the investment fund and benefits. And ACERA is the Board that oversees their work and makes the financial decisions that keep the fund secure.
The Alameda County Employees’ Retirement Association (ACERA) is
the retirement pension plan for public employees in Alameda County,
California who work for some of the county’s public employers. ACERA
was established in 1948 by the Alameda County Board of
Supervisors to provide retirement, disability, and death benefits
to Alameda County and member district employees.
employers have an integral role in securing their employees’
retirement benefits. Participating employers provide ACERA the
employee demographic and payroll data that allows ACERA to
calculate retirement benefits and run the retirement system. The
employers also transmit the retirement
contributions that ACERA invests in order to pay out retirement
Alameda County and member districts that participate in ACERA’s
pension plan are referred to as “Participating Employers.” Their
employees who work in retirement-eligible positions are members of ACERA and earn credit toward retirement and other
benefits. ACERA’s participating employers are :
Employer contribution rates are set annually and typically vary from year-to-year. Employer contribution rates are recommended annually by the ACERA’s actuary in its Actuarial Valuation. Rates depend on the level of established benefits, rate of return on investments, and the cost of administering benefits.
The ACERA Board of Retirement (“Board”) is responsible for administering the pension plan in accordance with applicable laws, including but not limited to the CERL, protecting the assets of the pension plan and the interests of the plan beneficiaries, and prudently managing the critical risks facing ACERA. The Board is also responsible for establishing the policies that govern the administration of ACERA’s retirement plan, for making benefit determinations, and for managing the investment of the system’s assets.
Pursuant to CA Government Code 31522.8, the California Public Employees’ Pension Reform Act of 2013, and the Board Education Policy, all Trustees must attend a minimum 24 hours of education within the first two years of assuming office and during every subsequent two-year period.
Trustee Education Summary Report
Reporting Period 12/31/2017
Reporting Period Ends
Met Requirements/In Process of Meeting Requirements
ACERA trustees are fiduciaries and are held to the “prudent
expert” standard in managing the trust.As fiduciaries, trustees
are to “discharge their duties solely in the interest of, and for
the exclusive purposes of providing benefits to, participants and
their beneficiaries…” Further, trustees must act “With the
care, skill, prudence and diligence under the circumstances then
prevailing that a prudent person acting in a like capacity and
familiar with these matters would use in the conduct of an
enterprise of a like character and with like aims.” (California
Government Code Section 31595.)
Dave Nelsen was appointed by the ACERA Board of Retirement and
began work as Chief Executive Officer (CEO) on April 11,
2016. As CEO, Mr. Nelsen reports to the Board of Retirement
and is responsible for leadership and management of all ACERA
operations, in accordance with the applicable provisions of the
California Government Code, regulations, and Board policies.
Kathy Foster, Certified Employee Benefits Specialist (CEBS), has over 32 years experience in California public pension plans. Ms. Foster began her career path with the Contra Costa County Employees Retirement Association where she spent 18 years as a member of the Benefits Department team. In 2001, she joined Alameda County Employees Retirement Association (ACERA) as the Retirement Benefits Manager. In 2008, she was appointed to Assistant Chief Executive Officer and oversees Benefits.
Margo M. Allen, Ph.D. serves as ACERA’s Fiscal Services Officer,
where her department provides accounting and financial services
to all ACERA departments. She began her appointment as the Fiscal
Services Officer on February 4, 2013.
ACERA’s Internal Audit Department prepares an annual audit plan,
conducts internal operational audits, and provides periodic
reports to the Board of Retirement Audit Committee. The
department’s most recent reports are attached to this page.
ACERA’s 90-person team runs the pension fund that provides
over 22,000 current and retired public employees in Alameda
County, CA with a secure retirement. We’re located
in the heart of downtown Oakland, just 193 steps from the
12th St. BART station (give or
take, depending on the length of your stride).
ACERA does not validate parking for the City Center Garage. See
parking options below.
ACERA’s offices are located steps from the 12th St. BART Station.
Your local BART station likely has a parking lot and/or
parking garage for you to park in so you can take BART to ACERA.
Visit BART’s parking
page for complete information.
Parking at Your Local BART Station Before 10 am
BART parking lots tend to fill up early (often before 7 a.m.)
with commuters. To secure a spot, you can reserve parking in
advance which allows you to park in the “Permit” Reserved Area.
The cost is $6 per day, and you must reserve at least the night
before the day you want to park. Visit Select-a-Spot to make
Parking at Your Local BART Station After 10 am
The majority of permit holders don’t use their Permit Reserved
Area spots on a daily basis, leaving hundreds of parking spots
open. After 10 a.m. these spots become available to the general
public on first come / first served basis, and it’s fairly easy
to find a spot. You must pay the daily parking fee for the
station at the parking machine once you enter the fair gates at
the BART station. Daily fees vary by station, but are usually $3
or less per day.
Driving to ACERA
The cheapest option is to find metered parallel street parking in
the blocks surrounding ACERA for $2 per hour for up to 2 hours at
a time. Spots either have individual parking meters, or have
parking voucher machines that print a voucher you display on your
dashboard. Plan on arriving 10-20 minutes ahead of time to find a
parking spot. Check 12th St., 11th St., Franklin St., Webster
St., Harrison St., and the area around Lafayette Square and
Preservation Park. Buy a little more time than you need to ensure
you don’t get a parking ticket.
ACERA does not validate parking. You can search Parkopedia for a
parking garage, but garages immediately surrounding ACERA tend to
be expensive at $6-8 per hour. You might find garages 5-6 blocks
from ACERA for $4 per hour.
AC Transit is Alameda County’s public bus system. Downtown
Oakland is a central connection point for many bus lines, and so
many bus lines have stops near ACERA including 18, 51A, 72,
72M, 72R. Check the AC
Transit Route Map for more details.