Retirement Plan
The AC Transit Employees’ Retirement Plan is a Defined Benefit plan for the employees of the Alameda-Contra Costa Transit District.
The Retirement Plan provides a monthly benefit after retirement for all Vested participants.
Vesting means having a right to receive retirement benefits that cannot be taken away.
Vesting happens after a set number of Years of Service (as defined in the Retirement Plan – this is not equal to years of employment).
The amount of the monthly retirement benefit is determined by a formula, outlined in the Retirement Plan.
The formula has three components: Years of Service, Age Factor, and applicable Pensionable Compensation.
How each component is evaluated depends on the version of the plan applicable to the Participant, on the type of retirement, and on the representation of the Participant during employment.
A full version of the plan and recent amendments is available below.
The AC Transit Employees’ Retirement Plan
Amendments
ACTERP Amendment 05-A – effective 06-21-05 dated 06-15-05
ACTERP Amendment 05-B – effective 07-01-05 dated 08-17-05
ACTERP Amendment 06-AB – effective 01-01-06 – dated 01-04-06
ACTERP Amendment 06-CDEF-5678 – effective 06-30-05 – dated 07-12-06
ACTERP Amendment 06-G-9 – effective 06-21-06 – dated 07-12-06
ACTERP Amendment 06-G-9 – effective 07-01-06 – dated 06-21-06
ACTERP Amendment 06-IJ-1112 – effective 07-01-06 – dated 09-20-06
ACTERP Amendment 07-A-13 – effective 01-01-07 – dated 01-17-07
ACTERP Amendment 08-A-14- effective 06-30-08 – dated 08-06-08
ACTERP Amendment 10-A-15- effective 12-15-10 – dated 12-15-10
ACTERP Amendment 13-A16 – effective 01-01-13 – dated 02-27-13
ACTERP Amendment 15-A-17 – effective 01-01-13 – dated 02-11-15
ACTERP Amendment 17-A-18 – effective 01-01-16 – dated 12-13-17
ACTERP Amendment 22-A-19 – effective 01-01-20 – dated 03-23-22