Retirement Plan booklet - sdcera
Retirement Plan booklet - sdcera
Retirement Plan booklet - sdcera
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6<br />
Your contribution account<br />
20-25%<br />
of the money in the fund<br />
comes from member and<br />
employer contributions<br />
The contributions you make are held in your individual member account<br />
and accrue interest semi-annually. The interest rate credited to your<br />
member account is the same interest rate applicable to the SDCERA<br />
fund, currently 8.25% annually.<br />
When you were hired, you completed a Member Sworn Statement,<br />
which designates a beneficiary for your SDCERA member contribution<br />
account. It is important to keep the beneficiary information up to date<br />
because if you die while you’re working, eligible benefits will be paid<br />
as you have designated. You must use the SDCERA Beneficiary Designation<br />
form to make changes or updates as needed. The form is available at<br />
www.<strong>sdcera</strong>.org or from SDCERA.<br />
Your contributions are pre-tax and deducted<br />
automatically from your bi-weekly pay check.<br />
75-80%<br />
is directly related to<br />
investment earnings
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