County of ventura retirement benefits. Benefits@ventura. The following page describes ...
County of ventura retirement benefits. Benefits@ventura. The following page describes how to retire, how to sign up for As a retiree you are permitted, in most cases, to work for the County of Ventura for the greater of 120 days or 960 hours each fiscal year without having an impact on your monthly benefit. © WEX Health Inc. Pursuant to the County Employees’ With this savings, on June 27, 2023, the Ventura County Board of Supervisors approved the creation of the Legacy Retiree Healthcare Premium Subsidy and Reimbursement Plan (“HRA plan”) to mitigate Eligibility You may be eligible for County-sponsored health coverage if you are a retired County employee or Surviving Spouse who receives a monthly pension check from the Ventura County County of Ventura Retiree Health Benefits Coordinator: Preferred contact is by Email to Retiree. Anticipating a divorce or legal separation? Divorce can impact your The information presented in this Handbook is aimed at helping you determine which plans will best meet your individual and family needs. Benefits may differ by classification and union bargaining unit. If you cannot locate a specific document or encounter technical difficulties when downloading a file, please contact VCERA. gov or call (805) 477-1580 The County has partnered with Alight Retiree Health Solutions providing personal support to help transition to Medicare. This Benefit Plans Handbook contains information about the Flexible Benefits Program, the medical, dental and vision coverages available, Flexible Spending Account options, and other general benefits VCERA provides several benefit tiers to its members. Beneficiaries are individuals As a retiree you are permitted, in most cases, to work for the County of Ventura for the greater of 120 days or 960 hours each fiscal year without having an impact on your monthly benefit. An eligible position includes all regular County or district employment in The Retiree Monthly Benefit will be the specific dollar amount corresponding to the eligible retirees’ age and years of service, as outlined in the The information presented in this Handbook is aimed at helping you determine which plans will best meet your individual and family needs. Pursuant to the County Employees’ Eligible County of Ventura employees have access to a defined benefit pension plan administered by the Ventura County Employees' Retirement Association (VCERA). Alameda Decision Information - This page will be a repository for updates and documents related to the Alameda Decision and its implementation. This Handbook summarizes the benefits available to you and New users can create a new account to get started. Founded in 1947, the association is VENTURA COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION (VCERA) Planning for a Successful Retirement November 9, 2017 Jess Angeles Retirement Benefits Specialist The Plan was designed to provide a secure, lifetime retirement benefit (“pension”) for employees of the County of Ventura, Ventura County Superior Court, Ventura County Air Pollution VCERA’s retired members are former employees of a VCERA-participating employer who receive a lifetime monthly benefit from VCERA. Alight’s licensed Benefit advisors have the expertise to help you understand County of Ventura Retiree Health Benefits Coordinator: Preferred contact is by Email to Retiree. org or call (805) 477-1580 Retiring From VCERA Before filing for retirement, log in to your VCERA Member Portal account to run benefit estimates,* and be sure to speak with a Benefits Specialist about your plans. This Handbook summarizes the benefits available to you and The Ventura County Employees’ Retirement Association (VCERA) is a “defined benefit” plan offered to eligible employees of the County and special districts. Learn more about your membership. Powered by WEX Health. Beneficiaries are individuals designated by a VCERA County of Ventura Retiree Health Benefits Coordinator: Preferred contact is by Email to Retiree. As a member, your future retirement benefit is Safe Harbor Supplemental Retirement Plan - Defined Benefit (DB) Plan Type If you were employed on or before April 17, 2021 you are participating in a defined One of the most valuable benefits offered by your employer is a unique retirement program known as a defined benefit (DB) pension plan. VCERA has created several forms and publications for your convenience. These Forms - Members can use these forms to request services, apply for retirement, designate beneficiaries, and more. The amount of your monthly retirement benefit will depend on the following factors: Your age at retirement Your total years of service credit Your monthly final average compensation Your Benefits The City of Ventura offers a generous benefit package to our At-Will, regular and probationary status employees. Insurance The City The Ventura County Employees’ Retirement Association (VCERA) is a “defined benefit” plan offered to eligible employees of the County and special districts. com or call 2-1 The County hereby establishes the COUNTY OF VENTURA RETIREE MEDICAL EXPENSE REIMBURSEMENT PLAN as of the Effective Date, on the following terms and conditions. The Ventura County Employees’ Retirement Association (VCERA) is a multi-employer, defined benefit, public pension plan located in Ventura County, California. Under certain If you are retiring and want information on County retiree health plan options, you may call (805) 477-1580 to request a Retiree Health Benefits In addition to participating in VCERA’s Pension Plan, eligible County of Ventura employees have the option to participate in the County’s 401 (k) and 457 Plans. As a member, your future retirement benefit is This document provides only a summary of the main features of the County of Ventura Supplemental Retirement 457 Plan, and the Plan Document will govern in the event of discrepancies. 2004-2026. That is why the member-specific resources below were developed — to serve and educate the diverse membership of the retirement association. If you or your family are affected by the delay in CalFresh benefits due to the federal shutdown and need assistance with food, please visit FoodShare. The VCCCD provides a comprehensive benefits package for its retired employees. 45 L/3 AN ORDINANCE ESTABLISHING COMPENSATION FOR THE BOARD OF SUPERVISORS The Board of Supervisors of the County of Ventura ordains as follows: Section 1 Retirement plans for active and retired employees of the County of Ventura are administered by the Ventura County Employees' Retirement Association (VCERA). Under certain News- Ventura County Employees' Retirement Association Serving on the VCERA Board of Retirement offers a unique opportunity to shape the future of retirement security for General- Ventura County Employees' Retirement Association Lump-sum benefit: The “basic death benefit” consists of a one-time payment of the contributions and interest in the member’s VCERA . VCERA’s primary responsibility is to provide lifetime retirement benefits for eligible employees of the County of Ventura, Ventura County Superior Court, Ventura County Air Pollution Control District If you terminate employment before retiring, you have several options for how to dispose of your retirement contributions, including a refund or rollover, reciprocity, deferred retirement, or leaving For Questions regarding Retiree Health Benefits, please contact: Membership in VCERA is effective upon appointment to an eligible position with the County of Ventura or a participating district. Benefits@venturacounty. org or call (805) 477-1580 Did You Know? Deferred compensation plans allow you to defer income today and withdraw it at some point in the future, thus providing a source of income in INTRODUCTION The County of Ventura Safe Harbor Retirement Plan, part of the Supplemental Retirement Plan (“Plan”), is a defined benefit pension plan implemented effective January 1, 1992. To learn more, visit the Deferred Members are the centerpiece of VCERA’s mission. Post-Retirement County Employment As a retiree you are permitted, in most cases, to work for the County of Ventura for the greater of 120 days or 960 hours each fiscal year without having an impact Retirees & Beneficiaries VCERA’s retired members are former employees of a VCERA-participating employer who receive a lifetime monthly benefit from VCERA. Unlike any other employment benefit, a DB pension plan (VCERA) Revised forms must be received by CEO/Human Resources/Benefits within 60 days of the qualified change in status, or you may not be able to make the requested change until the next Open Ordinance No. VCERA was established in 1947 for Eligible County of Ventura employees have access to a defined benefit pension plan administered by the Ventura County Employees' Retirement Association (VCERA). 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