Can I withdraw or borrow my retirement contributions from OCERS
while I’m in active service?
The County Employees Retirement Law of 1937 (CERL) prohibits
members from withdrawing contributions from the retirement fund
while in active service. You may withdraw contributions once you
terminate OCERS covered employment.
Do I receive interest on my contributions? How is the rate
Yes, the Government Code requires that contributions receive 2.5%
interest twice a year.
Member contributions are credited with 2.5% at the end of June
and December based on the account balance as of the prior 6
How much money do I have in my retirement account?
You can view your current retirement contribution balance by
logging into your myOCERS portal account and visiting the
Participant Account section. You also have the ability to print a
personalized account balance statement by visiting the Member
Statements section of your myOCERS portal account.
Contribution balances are updated every pay period and interest
is accrued at the end of June and December.
What happens to my retirement contributions after I separate from
When you separate from active employment, you have several
If eligible, you may retire and receive a monthly retirement
If you are not retirement eligible, your retirement will be
automatically deferred (postponed). You may retire when you meet
the minimum age and service requirements. Your contributions will
remain on deposit and continue to earn interest. If you become a
member of a reciprocal retirement system, visit the reciprocity
page for additional information.
In lieu of retirement, you may withdraw your contributions and
interest. Be advised that taking a withdrawal terminates your
membership in OCERS and by doing so, you will forfeit (give up)
your right to any future retirement benefits from OCERS,
including disability benefits.
Why is OCERS using an older age as the basis for my
contribution rate rather than the age I started with my employer?
Your age at entry is determined by using your nearest age within
180 days (six months) of when you became an OCERS member.
For example, if you are hired on July 1, enter OCERS membership
at age 30, and your birthday is September 5, your entry age and
contribution rate will be based on age 31 as your next birthday
is less than 180 days.
What if I reach my Compensation Limit for the year? Do I continue
to have my OCERS contributions deducted?
PEPRA plans U, V and W are subject to an annual compensation
limit for calculating retirement benefits under Section 7522.10
of the California Public Employees’ Pension Reform Act of 2013
(PEPRA). The compensation limit is adjusted annually, based
on the changes to the Consumer Price Index for All Urban
Consumers: U.S. City Average.
All other plans are subject to an annual compensation limit for
calculating benefits under Section 401(a)(17) of the
Internal Revenue Code. If you became a member of OCERS on or
after January 1, 1990 this compensation limit applies to
In the event a member’s annual earnings reach the maximum
amount permitted in that calendar year, OCERS will request that
the employer discontinue deducting retirement contributions from
that individual member’s pay for the remainder of the calendar
year. Deductions for OCERS contributions will resume the
See the current compensation and benefits limits here.