What does CCCERA mean in COUNTIES
CCCERA stands for Contra Costa County Employees Retirement Association. It is a public retirement system that provides retirement, disability, and death benefits to eligible employees of Contra Costa County, California, and certain other participating agencies.
CCCERA meaning in Counties in Regional
CCCERA mostly used in an acronym Counties in Category Regional that means Contra Costa County Employees Retirement Association
Shorthand: CCCERA,
Full Form: Contra Costa County Employees Retirement Association
For more information of "Contra Costa County Employees Retirement Association", see the section below.
What is CCCERA?
CCCERA is a defined benefit pension plan that provides a guaranteed monthly retirement benefit to eligible participants based on their years of service and salary history. The plan also includes disability and death benefits, as well as a variety of optional benefits that participants can choose to purchase.
Who is Eligible for CCCERA?
Most employees of Contra Costa County, California, are eligible to participate in CCCERA. This includes both full-time and part-time employees, as well as elected officials. Certain other agencies, such as the Contra Costa Community College District, also participate in CCCERA.
How Does CCCERA Work?
CCCERA is funded by a combination of employee contributions and employer contributions. Employee contributions are typically deducted from each paycheck, and employer contributions are made by the county or other participating agency. The money in the plan is invested and grows over time, providing the funds to pay retirement benefits to participants.
Benefits of CCCERA
- Guaranteed retirement income: CCCERA provides a guaranteed monthly retirement benefit that cannot be lost due to market fluctuations.
- Disability benefits: CCCERA provides disability benefits to participants who are unable to work due to a disability.
- Death benefits: CCCERA provides death benefits to the beneficiaries of participants who die while they are employed or retired.
- Optional benefits: CCCERA offers a variety of optional benefits that participants can choose to purchase, such as additional retirement savings, life insurance, and long-term care insurance.
Essential Questions and Answers on Contra Costa County Employees Retirement Association in "REGIONAL»COUNTIES"
What is CCCERA?
CCCERA (Contra Costa County Employees Retirement Association) is a public retirement system that provides retirement, disability, and death benefits to eligible employees of Contra Costa County, California and participating agencies.
Who is eligible to participate in CCCERA?
Generally, employees who are regularly employed by Contra Costa County or a participating agency and meet certain age and service requirements are eligible to participate in CCCERA.
What types of benefits does CCCERA provide?
CCCERA provides a range of benefits, including:
- Retirement pensions
- Disability benefits
- Death benefits
- Health and welfare benefits
How are CCCERA benefits calculated?
CCCERA benefits are calculated based on a formula that considers factors such as your salary, years of service, and age at retirement.
When can I retire from CCCERA?
The earliest you can retire from CCCERA with unreduced benefits is at age 55 with 30 years of service or at age 60 with 10 years of service.
What happens if I leave my job before I am eligible to retire from CCCERA?
If you leave your job before you are eligible to retire, you may be entitled to a refund of your contributions or a deferred retirement benefit.
How can I learn more about CCCERA?
You can learn more about CCCERA by visiting their website at www.ccc-era.org or by calling their customer service line at (925) 313-7700.
Final Words: CCCERA is a valuable retirement savings plan for eligible employees of Contra Costa County, California, and certain other participating agencies. The plan provides a guaranteed monthly retirement benefit, as well as disability and death benefits. CCCERA also offers a variety of optional benefits that participants can choose to purchase.