Merced County Employees' Retirement Association (MCERA)

Posted on: December 21, 2017

2017 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 December 21, 2017 meeting to apply an interest credit rate of 0.59% to be credited to reserve balance for active, retiree, and employer reserves.

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