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Retired employees of stanislaus county organizationsHAPPY SPRING FROM RESCO!!
THE COLA'S ARE COMING! Pension COLA's have been approved by the Board of Retirement effective April 1, 2025. The increases will be reflected on pension checks received on May 1, 2025. Our pension Cost-of-Living Adjustments (COLAs) are determined annually based on increases in the December Consumer Price Index (CPI) for All Urban consumers in the San Francisco-Oakland-Hayward area. The ratio is calculated and rounded to the nearest one-half percent. Based on Code Section 31870.1 of CERL (County Employees Retirement Law of 1937) which StanCERA and its employers adhere to, members are to receive the lesser of 3% or the actual year over year change in the index, plus any available banked increase up to a maximum increase of 3%. All retirees who retired prior to 4/2/2023 will receive the maximum 3% increase by using 0.5% of their accumulated bank. Retirees with a retirement date from 4/2/2023 to 4/1/2025 will receive a 2.5% increase. Any questions should be directed to StanCERA at www.stancera.org or 209-525-6393. | Dear Retired Members, We understand that retirement can bring many changes, and we want to ensure you have the correct information when it comes to managing your benefits. Recently, we have received calls from members asking for assistance with various updates that actually fall under StanCERA's services rather than RESCO. To help clarify please see below. StanCERA can help you with:
StanCERA members also have 24/7 access to the following on their Member Portal:
To contact StanCERA regarding any of the above. Call StanCERA at: (209) 525-6393. RESCO: Retired employees of stanislaus countydid you know.....YOU DON’T HAVE TO BE RETIRED TO JOIN RESCO!Why join RESCO – What’s In It For Me?GET COVERED! RESCO offers Medical Insurance for retirees over age 65, and many types of insurance coverage (including dental and vision) at reduced rates for ALL MEMBERS, retired or not, through Pacific Group Agencies. Click on our Insurance tab for more detail! READ! The RESCOtoday Newsletter on our MEMBER’S ONLY tab! SEE FRIENDS & BE INFORMED! Attend RESCO events! We have quarterly luncheon meetings, an Annual Picnic, and more! |