News Flash

Merced County Employees' Retirement Association (MCERA)

Posted on: July 1, 2019

2019 Interest

Interest

An MCERA member’s account is credited interest on June 30th and December 31st of each year based on the previous six month’s balance, investment earnings, and according to MCERA’s interest crediting policy. Please note that although interest and account balances do impact refunds and survivor benefits, keep in mind that retirements benefit are determined based on other key factors (service credit, age at retirement and highest 26 consecutive pay periods (Tier 1) or 78 consecutive pay periods (Tier II, III, and IV) compensation).


The Board of Retirement voted at the June 27, 2019 meeting to apply an interest credit rate of 1.33% to be credited to reserve balance for the active reserve and 3.56% for the retiree and employer reserves.

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