If you are enrolled in one of the County of Sonoma’s health care plans, June 1 is the beginning of the new plan year. If there has been a change to your plan’s cost, this will be reflected in…Read More
David Lantzer joined SCERA in January 2017 from the Orange County Employees' Retirement System, where he spent nearly ten years…Read More
Michael R. Gossman, Water Agency Division Manager, has won the election for the 2nd Trustee position.
If you are enrolled in a County of Sonoma health care plan, don't forget June 1 is the beginning of the plan year…
Senate Bill 272 requires local agencies publish a list of systems that serve as original sources of data within an agency.
Are you a SCERA retiree or beneficiary doing your taxes at 10 pm and you can't find your 1099R? Will you have to wait for SCERA to open in the morning to get help? Don't worry, there is a copy at your fingertips.
SCERA publishes its newsletter, the SCERA Times, each spring and fall. Members can elect to receive the newsletter electronically by changing your "distribution preference" in MySCERA, your interactive portal to your personal account information.
Trustee Brian Williams was the only Safety member to submit nomination papers for election to the Board of Retirement. Since there is only one nominee, the SCERA bylaws direct that there will be no election held, and Trustee Williams will continue as the Safety member Trustee.
An election for the active Safety Trustee position on the SCERA Retirement Board will be held on December 1, 2015.
Some Sonoma County retirees find great satisfaction, and some extra income, by working after retirement. If that's what you want to do, you should know that there may be limitations.
July 19 through 25 is National my Social Security week. If you sign up for my Social Security you will have access to the Social Security Administration's financial planning and benefit management tools.
For nearly all groups of employees covered by SCERA the retirement system employee contribution will remain the same or decrease slightly in the next fiscal year. However, for General members of the PEPRA Plan (Plan B), there will be a small fraction of a percent increase.
On May 7, 2015, the SCERA Retirement Board adopted the SCERA Actuarial Valuation and Review as of December 31, 2014 presented by its actuary, The Segal Company.
SCERA is pleased to introduce three new members of the Retirement Board. One is an elected active general member, one is an elected retired SCERA member, and one is an appointed member of the public. All began three-year terms in January.
The Board of Retirement has adopted Values and Guiding Principles as part of this year’s Strategic Planning process. Their purpose is to guide strategic planning and daily decision making at SCERA.
SCERA is now accepting nominations for three Trustee positions:
SCERA members, active employees and retirees, are taxpayers too. As taxpayers, they should know that although SCERA receives less than 4% of the total County budget, that portion of their tax dollars is benefiting the Sonoma County economy in a big way.
When talking about a lifetime commitment, it’s always best to take the long view. There will be ups and downs, but keeping a level head will help see you through. With the 2008 Great Recession, local governments in general and pension funds in particular faced a serious down. But those dedicated to finding real solutions are succeeding.
Plan returns for 2013 have been reported and SCERA's portfolio delivered an investment return (before fees) of 20.0% which was 2.44% above the target benchmark return.
Alternate Retired Trustee Tom Ford stepped down from the Retirement Board in September. Following provisions of the County Employees Retirement Law of 1937, the Board appointed retired member John Pels to fill the vacancy until December 31, 2014, the end of the unfinished term. John will be sworn in as the Alternate Retired Trustee on November 20, 2013.
SCERA is pleased to announce the selection of Julie Wyne as Retirement Administrator effective December 10, 2013. Ms. Wyne was selected to succeed current Retirement Administrator Gary Bei, who will retire at the end of December, allowing for a short transition period.
An election for a Trustee from active General membership will be held on December 3, 2013. Nomination papers may be obtained from SCERA. View the Notice of Retirement Board Election.
Administrator Gary Bei provided a review of major, multi-year strategic initiatives the organization has focused on over the past decade, in establishing a “Foundation for the Future.”
SCERA posted the following investment returns, annualized and net-of-fees, through June 30, 2013:
On May 1, 2013, SCERA's actuary, The Segal Company, presented the Actuarial Valuation and Review as of December 31, 2012. The main purpose of the actuarial valuation is to determine the employer and employee contribution rates that will sufficiently fund the plan.
Fiscal Year 2012/2013 included major projects resulting from the passage and implementation of statewide pension reform legislation and from investment asset allocation changes focused on reducing risk/increased downside protection while maintaining the return potential of the fund.
SCERA Plan assets continue to recover from the 2008-2009 market downturn, and reach a record high of $2 billion.
Plan returns for 2012 are at 14.8%, which exceeds the target by 1.4%.
The most significant and complex pension legislation in decades was signed into law on September 12, 2012, for an effective date of January 1, 2013. Since that time, the SCERA Board, staff and legal counsel have conducted a diligent analysis of the impact of this legislation to current and future SCERA members.
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