Benefit Formula

Factors


The formula for your retirement benefit is based on:
  • Age at retirement
  • Amount of retirement service credit
  • Final Average Salary
  • Tier
The following tables outline the benefits for both Miscellaneous and Safety Merced County Employees' Retirement Association (MCERA) members.

Miscellaneous Members

Tier Formula (maximums) Minimum Age
I 3% at Age 60 50 with 10 Years
65 if hired before December 31, 1978
70 with any Years
Any Age with 30 Years
II 3% at Age 60 55 with 10 Years
70 with any Years
Any Age with 30 Years
III
2.43% at Age 65 55 with 10 Years
70 with any Years
Any Age with 30 Years
IV 2.5% at Age 67 52 with 5 Years
​70 with any Years

Safety Members

Tier Formula (maximums) Minimum Age
I 3% at Age 50 50 with 10 Years
65 if hired before December 31, 1978
70 with any Years
Any Age with 20 Years
II 3% at Age 50 50 with 10 Years
70 with any Years
Any Age with 20 Years
III 2.62% at Age 55 50 with 10 Years
70 with any Years
Any Age with 20 Years
IV 2.7% at Age 57 50 with 5 Years
​70 with any Years