Benefit Formulas

General and Safety Members

Overview

The following tables outline the benefits for both Miscellaneous and Safety at Merced County Employees’ Retirement Association (MercedCERA) members.

Miscellaneous Members
Tier Formula (maximums) Minimum Age
I 3% at 60 Age 50 with 10 years of service
Age 65 if hired before December 31, 1978
Age 70 with any years of service
Any age with 30 years of service
2 3% at 60 Age 55 with 10 years of service
Age 70 with any years of service
Any age with 30 years of service
3 2.43% at 65 Age 55 with 10 years of service
Age 70 with any years of service
Any age with 30 years of service
4 2.5% at 67 Age 52 with 5 years of service
Age 70 with any years of service
Safety Members
Tier Formula (maximums) Minimum Age
1 3% at Age 50 Age 50 with 10 years
Age 65 if hired before December 31, 1978
Age 70 with any years
Any age with 20 years
2 3% at Age 50 Age 50 with 10 years
Age 70 with any years
Any age with 20 years
3 2.62% at Age 55 Age 50 with 10 years
Age 70 with any years
Any age with 20 years
4 2.7% at Age 57 Age 50 with 5 years
Age 70 with any years