This communication from MCERA specifies the District required contribution payments to the retirement system for the newest retirement tier created in negotiations. The new tier applies the newest administrative personnel and provides a cap on the cost of living adjustment for the employee when they retire, thus creating a long term savings for the Fire District.
This four page summary provides an overview of the current retirement funding.
MCERA Actuarial Valuation Report June 30, 2014
An actuarial report on the District’s funding in the retirement system.
The purpose of this report is to provide accounting and financial disclosure information under the Government Accounting Standards Board Statements 67 and 68 for the Marin County Employee's Retirement Association (MCERA) and participating employers.
This communication from MCERA specifies the District’s required contribution payments to the retirement system. The specified contribution rates are then funded in the next fiscal year budget.