Pension & Profit Sharing Plans Forms for Contra Costa
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FAQ
The Contra Costa County Employees' Retirement Association is governed by the County Employees Retirement Law of 1937 and the California Public Employees' Pension Reform Act of 2013; CCCERA retirement benefits are administered in accordance with these laws.
Los Angeles County provided data that included this information. Los Angeles County was also the only major pension system to provide benefits data, yielding the following summary: All retirees pension $65,027, benefits $13,471, total $78,497. Sheriffs pension $88,144, benefits $18,395, total $106,539.
You'll receive a specified amount regardless of the investment performance of the underlying plan assets. That's why pensions are considered guaranteed income.
California law doesn't allow you to take a partial refund or borrow against your accumulated contributions and interest on your account. Funds in your CalPERS account are paid in full upon completion of the refund process.
The California Public Employees Retirement System (CalPERS) offers a defined benefit retirement plan. It provides benefits based on members years of service, age, and final compensation. In addition, benefits are provided for disability death, and payments to survivors or beneficiaries of eligible members.