Employee Contribution Changes in July
Published: July 27, 2017
For all groups of employees covered by SCERA the retirement system employee
contributions increased in July. The County of Sonoma and Sonoma County
Superior Court rates were effective 07/04/17 with Valley of the Moon Fire
Protection District rates effective 07/03/17.
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.
More information about the actuarial
report can be found under Financial/Actuarial Reports on our website.