As a member of the Alameda County Employees’ Retirement Association (ACERA) you are part of a program designed to help you achieve a secure future. ACERA provides eligible employees of Alameda County and other participating employers the opportunity to earn retirement benefits they can count on. We offer a lifetime benefit at retirement, disability and survivor protection, and access to retiree health care coverage.
It’s Normal to Stress About This. We’ll Help You Bring Your Anxiety Down About 5 Notches
Will you have enough money in retirement? If you’re feeling a groan in your stomach, you’re a normal human. Let’s help you vaporize that feeling. Take a deep breath. Now just follow our step-by-step process below. It will take about 30-60 minutes and will help get you on a healthy retirement planning trajectory. We’re here to get you through this.
If you need to break up the steps and do them at different times, feel free.
People use the term “deferred compensation” when talking about certain types of retirement savings accounts because when you have money taken out of your paycheck to put in one of these accounts, you are effectively deferring the compensation you would have received today while you work until later, usually saving it for when you retire.
Usually the money is take out before taxes, which means that saving for retirement lowers your tax liability, which is the amount of your income that you pay income taxes on. You pay less taxes now.
When you retire from ACERA, we will look at three pieces of data from your career. We will multiply these three “factors” together in a formula, resulting in a dollar amount, and we’ll pay you that dollar amount every month for the rest of your life (depending on which retirement option you choose). So you cannot outlive your retirement benefit.
As changes in your job or your life occur, you may need to make decisions about your ACERA retirement benefits.
This section is designed to help you navigate through these events. It highlights what you need to do, when you need to take action, and the types of changes you can make. The forms you need to submit, if any, are clearly identified.
At any time, if you have questions or need assistance, contact us.