Retirement Plan booklet - sdcera

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18 at age 60. When you visit www.sdcera.org and use the online retirement benefit calculator, the Social Security integration adjustment is automatically included in the estimate amounts. Safety members do not contribute to Social Security and cannot expect to receive a benefit from Social Security based on their years of employment with the County of San Diego. Therefore, there is no adjustment made for Social Security integration when a Safety member’s SDCERA retirement benefit is calculated. Retirement benefit calculation example Retirement age factor for age 60 = 3% Service credit = 25 years Final average monthly compensation = $4,000 Social Security integration factor for age 60 = $3.50 step 1: Multiply retirement age factor by service credit 3% x 25 years = 75% step 2: Multiply percentage in step 1 by final average monthly compensation 75% x $4,000 = $3,000 step 3: Multiply Social Security integration factor by service credit (General members only) $3.50 x 25 years = $87.50 final step: Subtract the amount in step 3 ($87.50) from the amount in step 2 ($3,000) How divorce affects SDCERA retirement benefits Retirement benefits earned during marriage are considered community property assets under California state law. These assets must be considered in the property settlement agreement and are subject to disposition by the court. If your retirement account is subject to division, a Domestic Relations Order (DRO) (which is separate from your marital settlement agreement) is required. The DRO process is explained in detail in the Dividing Community Property booklet. Any delay in notifying SDCERA about your dissolution could delay your retirement payment. $3,000 – $87.50 = $2,912.50 monthly retirement benefit Visit www.sdcera.org and use the retirement benefit calculator to calculate your own estimate.
When you are ready to retire, contact SDCERA two months prior to your retirement date and request a retirement packet. Your application will be personalized and mailed to your home address.
Page 1 and 2: Retirement Plan Overview of SDCERA
Page 3 and 4: Page 25 MAXIMUM BENEFITS PAYABLE TO
Page 5 and 6: Numerous publications are available
Page 7 and 8: Welcome to SDCERA membership. As a
Page 9 and 10: 3 Entering SDCERA membership You ar
Page 11 and 12: 5 Funding your retirement benefit C
Page 13 and 14: 7 Reciprocity Reciprocity links ret
Page 15 and 16: 9 Becoming eligible to collect a re
Page 17 and 18: 11 Leaving before retirement If you
Page 19 and 20: Use SDCERA member resources to help
Page 21 and 22: 15 Calculating your retirement bene
Page 23: 17 Calculating your retirement bene
Page 27 and 28: 21 Selecting a retirement benefit o
Page 29 and 30: 23 Considering the Temporary Supple
Page 31 and 32: 25 Receiving your retirement benefi
Page 33 and 34: Learn more about your SDCERA benefi
Page 35 and 36: 29 Survivor benefits from SDCERA Be
Page 37 and 38: 31 Disability retirement If you bec
Page 39 and 40: 33 APPROXIMATE AMOUNT OF RETIREMENT
Page 41 and 42: APPROXIMATE AMOUNT OF SDCERA RETIRE
Page 43 and 44: 36 leave without pay 15 leaving bef
Page 45: SAN DIEGO COUNTY EMPLOYEES RETIREME

Retirement Plan booklet - sdcera

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