Employee Contribution Changes in July
Published: July 2, 2020
Plan A and B employees covered by SCERA the retirement system employee contributions changed in July. The County of Sonoma and Sonoma County Superior Court rates were effective 07/01/20 with Sonoma Valley Fire District rates effective 07/01/20.
Each year SCERA has an actuarial valuation of the retirement system. This valuation is a tool to ensure that the system remains on track to be financially sound and viable. Any necessary adjustments to contributions are made as a result of the actuarial analysis. Employee contribution rates are affected by changes in factors such as the anticipated lifespan after retirement, salary assumptions, or the investment earnings assumption.
Contribution rates can be viewed online by clicking here.
For more information about the actuarial report can be found under Financial/Actuarial Reports on our website.