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MercedCERA Amends Resolution 2020-1

On July 8, 2021, the MercedCERA Board of Retirement voted to change the resolution they adopted pertaining to the Alameda Supreme Court Decision (Resolution 2020-1 adopted on August 13, 2020).

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2.00% COLA Approved

Tier 1 retirees are eligible to receive a cost of living adjustment (COLA) annually. This adjustment is effective April Each year and is first payable in April’s month-end payment.

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The MercedCERA Board voted unanimously via roll call vote to approve the Cost of Living Adjustment rate recommended by Cheiron for 2% to Tier I retirees who retired on or after April 2, 2019 and 3% for Tier I retirees that retired before April 2, 2019 (due to COLA banking).

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MercedCERA and the Supreme Court Decision

On July 30, 2020, the Supreme Court of California published a decision on the Alameda Case. Please see the history and how this court case has impacted MercedCERA.

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MercedCERA Retirement Board Election

MercedCERA Retirement Board Election was held for General Member Seat 2, Safety Member Seat 7, and Alternate Retired Member Seat 8.