Active Members Deferred Members Retired Members Beneficiaries
About SDCERA Board of Retirement Investments Finance News & Media
Termination of Employment

An Active Member who terminates employment with the County of San Diego or an SDCERA participating employer, but who does not retire, becomes a Deferred Member.  

A Deferred Member is either vested or non-vested.

Vested Deferred: A Deferred Member who has five or more years of service credit and leaves their contributions on deposit with SDCERA is a vested Deferred Member. A vested Deferred Member is eligible to receive a lifetime retirement benefit when they meet certain eligibility requirements.

Non-vested Deferred A Deferred Member who has less than five years of service credit and leaves their contributions on deposit with SDCERA is a non-vested Deferred Member. A non-vested Deferred Member only is eligible to receive a lifetime retirement benefit when they reach age 70 if they terminated employment on or after January 1, 2003.

In addition to maintaining their eligibility to receive a future lifetime retirement benefit, a Deferred Member can establish and maintain reciprocity with certain California public agencies.

Member contributions left on deposit with SDCERA continue to accrue interest semi-annually.

Refund of Member Contributions.

Any terminating employee or Deferred Member can receive a one-time lump-sum refund of their SDCERA Member contributions and accrued interest at any time. However, once contributions are refunded, the individual is no longer an SDCERA Member and forfeits their right to any future SDCERA benefit including a lifetime retirement benefit.

In addition to forfeiting their right to any SDCERA benefit, the individual will lose any previously-established reciprocity between SDCERA and other California public agencies.

The decision whether to leave contributions on deposit with SDCERA is a critical one. Because SDCERA does not provide tax or financial advice, any terminating employee or Deferred Member should consult with a tax or financial advisor before making their decision.