Tax Form Changes
Updated forms now required
Retirees are required to provide MercedCERA their federal and state withholding instructions at the time of their initial retirement. Updates to the withholding instructions could be made at any time by submitting an internally created tax change form.
Member Contribution Rates
Fiscal Year 2022/2023
The Merced County Employees’ Retirement Association (MercedCERA) Board of Retirement approved new employee contribution rates for the fiscal year 2022-2023. Employee contribution rates are a percentage of your salary that you contribute into the retirement system. These rates are based on your age, earliest start date into a public retirement system, benefit tier and other economic and demographic assumptions (e.g. projected benefit costs and investment earnings). Each year, these rates are reviewed and updated by MercedCERA’s actuary. New rates will be effective Pay Period 14 (June 20, 2022), with a pay date of July 8, 2022. It is very likely that you will see a change in your net payment.
MercedCERA Amends Resolution 2020-1
Pertaining to the Alameda Supreme Court Decision
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).
The changes that were unanimously adopted by the MercedCERA Board
of Retirement are as follows:
MercedCERA launches new member-centered website
MercedCERA is debuting a newly redesigned website today as part of the Board of Retirement’s commitment to improving member self-service, security, and transparency. The new website is now dedicated to member’s needs, separate from the county, and features a new design, upgraded cybersecurity infrastructure, a streamlined site navigation structure, and refreshed content.
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.
MercedCERA and the Supreme Court Decision on the Alameda Case
RE: The Supreme Court of California Decision on Exclusion of Terminal Pay, On Call and Stand By Pay Codes in Retirement Allowance Calculations