Contra Costa County Employees' Retirement Association

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Office Hours

Monday through Friday, 
8 a.m. to 5 p.m. 
The office is closed between 12 Noon and 12:30 p.m. for lunch.

The CCCERA office is located at;
1355 Willow Way
Suite 221
Concord, CA 94520
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Assets and Liabilities

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The chart below compares the Valuation Value of Assets to the Actuarial Accrued Liabilities (AAL). To the extent the AAL is covered by assets, the fund can generate earnings to support the benefits that have been granted. When liabilities exceed assets, there exists an Unfunded Actuarial Accrued Liability (UAAL). The UAAL represents the value of benefits that have been granted but not funded.

When there is a UAAL, the employers’ contributions are increased to substitute for earnings that the fund is unable to generate. In addition, the employers pay supplemental contributions to reduce the UAAL.

The chart compares the Valuation of Assets to the Actuarial Accrued Liabilities over the past 20 years. For details, please contact our office.

 

 

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Disclaimer

CCCERA makes no representations or warranties, expressed or implied, with respect to the materials found at this site. It is intended for general information purposes only. In addition, CCCERA cannot and does not represent that the information on this website is current. While CCCERA has made every reasonable effort to offer the most current information possible, inadvertent errors can occur.

CCCERA is governed by California law as well as the Internal Revenue Code and various rules and regulations, all of which are complex and subject to change. In the event of any conflict between these governing authorities and the information on this website, the governing authorities have precedence. Site users are strongly encouraged to consult with a CCCERA representative about specific issues and not rely on the general information contained in this website.

The information provided is not intended to serve as legal advice or as legal opinion. By using this site, the site user agrees to release and hold CCCERA, and its agents and representatives, harmless from any and all claims, demands, and causes of action of any kind or nature whatsoever now and in the future arising out of or in connection with the use of this site or the information provided herein.