News and Updates

New contribution rates effective July 1, 2021

06/23/2021 - Employee and employer contribution rates change effective July 1, 2021.

May Payments May Be Delayed

05/27/2021 - Monthly benefit payments scheduled for May 28, 2021 may be delayed.

April 2021 Retiree COLA

02/19/2021 - At the February meeting, the Retirement Board affirmed the actuary's calculation of a cost of living adjustment (COLA) for the plan. The actual amount of your retiree COLA depends upon the tier from which you retired and your retirement date.

Annual Statements Coming Soon

10/27/2020 - Annual Benefit Statements for the fiscal year ending June 30, 2020 will be mailed this week 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.

Operations Update - May 28

05/28/2020 - Subject to revised shelter in place orders from public health officials, effective Monday, June 1, 2020, the MCERA office will reopen to our members under social distancing guidelines mandated by State and County officials.

Investment Update as of April 30

05/12/2020 - We want you to know your MCERA benefits remain safe and secure, despite recent turmoil in financial markets.

Operations Update - March 31

03/31/2020 - We have heard some concerns from our members and want to assure you that MCERA is taking the necessary steps to ensure that you will continue to receive your monthly benefit, paid in full and on time.