News and Updates

Error in Retiree COLA Mailing List

03/09/2018 - We discovered an error in the retiree cost of living adjustment (COLA) mailing that was sent to all COLA-eligible retirees this week.

April 2018 Retiree COLA: 3%

02/14/2018 - At the February meeting, the Retirement Board affirmed the actuary's calculation of a 3% cost of living adjustment (COLA) for the plan. The actual amount of your retiree COLA depends upon the employer and/or tier from which you retired, and your date of retirement. Maximum COLAs are 2%, 3% or 4%.

Annual Benefit Statements Mailed

11/28/2017 - Annual Benefit Statements for the fiscal year ending June 30, 2017 have been mailed to the address MCERA has on file for most active, deferred and reciprocal members. These statements provide a valuable summary of your MCERA member account and potential retirement benefit and can be used as a tool to help you plan your financial future.

Contact Us if Your Payment Information is Delayed

06/06/2017 - Contact MCERA as soon as possible if your monthly payment or deposit confirmation does not arrive when you expect it.

Notify MCERA if Your Medicare Part B Premium Increased

04/05/2017 - Effective January 1, 2017, Medicare Part B premiums increased for most people. If you receive a reimbursement of this premium in your monthly MCERA retirement benefit payment, send us the proof of increase and we will adjust your monthly reimbursement.