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Skip to main content Secondary menu Forms & Publications Benefits Calculator Search A Home Main navigation Active Members Deferred Members Retired Members About Us Home Employers Policies Investments Board of Retirement Scroll San Joaquin County Employees’ Retirement Association Banner menu Policies Reports Forms & Publications Benefits Calculator What's New Previous 2023 Contribution Rates Approved by Board SJCERA’s actuary presented the final January 1, 2022 Actuarial Valuation at the September Board meeting, which included the 2023 member contribution rates. SJCERA's Board of Retirement approved the 2023 member contributions rates. 6.75 Percent Assumed Rate of Return Adopted The Board of Retirement voted to lower the assumed rate of return from 7 percent to 6.75 percent. By lowering the assumed rate of return, the Board increases the probability the adopted asset allocation will generate returns that meet or exceed the assumed rate and the likelihood that SJCERA’s funding progress will continue to improve over time. While the demographic assumption changes more than offset the cost of lowering the assumed rate of return on the whole, a few employers and employee groups may see a slight increase in their 2023 contribution rates because the demographic assumption changes affect different groups differently. Members with Valley Strong Accounts – No Action Needed SJCERA is working directly with Valley Strong Credit Union during this transitional period to minimize the effect on our members. Valley Strong has advised monthly benefit payments will be deposited into accounts using the new account numbers without disruption and no action is needed by the member at this time. Next Common Questions Am I eligible to retire? How can I purchase service credit? What if I leave my job? What is reciprocity? What is deferred compensation? Is health insurance available to me when I retire? Can I work after I retire? How do I know what Tier I am? How do I contact SJCERA? Where can I find this form? Ready for retirement? Are you planning to retire in the next 3 months? Find out now San Joaquin Country Employees’ Retirement Association6 S. El Dorado Street, Suite 400, Stockton, CA 95202Phone: (209) 468-2163 Fax: (209) 468-0480 Email: [email protected] Footer menu Reports Links & Resources Contact Us Privacy & Terms of Use © Copyright 2022 San Joaquin County