January Retirement Board Meeting

I.  ELECTION OF OFFICERS

The Board will select a Chair and Vice Chair by majority vote of the members.

Recommendation: Select a Chair and Vice Chair.

II.   CONSENT CALENDAR

All agenda items on the Consent calendar will be approved in a single motion unless a Trustee, staff member or member of the public requests separate action on a specific item.

A. Retirement Board Meeting Minutes – December 18, 2025

B. 2025 Compensation Earnable Determinations

C. Deferred Member Death Benefits

Recommendation: Approve Consent Calendar Items A through C.

The Board of Retirement will move into Executive Session and close the meeting to all attendees who are not necessary for the determination of a disability retirement or consideration of a public employee performance evaluation or discussion of anticipated litigation. Those attendees will physically exit the Board room and/or will be placed in the virtual Zoom lobby by the host and will neither hear nor see the meeting. All meeting attendees will be re-admitted to the meeting when the Board returns to open session.

III.  Executive Session

A. Executive Session. Meeting closed pursuant to Government Code section 54957(b) to consider the employment status and evaluation of performance of a SCERA member or members as concerns eligibility for a disability retirement.

Disability Committee Chair will report on recommendations made by the Committee at the January 22, 2026, meeting:

1. SHEM GARDENER, Correctional Counselor IV filed 11/27/24 for a service connected disability retirement.

The Board of Retirement will move out of Executive Session and reopen the meeting to all attendees that were placed in the lobby during the closed session period.

IV.  EXECUTIVE SESSION REPORT OUT

V.  REGULAR CALENDAR

A. Board Education Policy

Recommendation: Approve amendments to the Board Education Policy.

B. Election Procedure

Recommendation: Approve amendments to the Election Procedure.

C. Board Communications Policy

Recommendation: Approve amendments to the Board Communications Policy.

D. Communications

1.  Service Retirements – January 2026
2.  Member Interest Crediting Rate, December 31, 2025
3.  SACRS BOS Nomination Timeline
4.  Trustee Education Report – Q4 2025
5.  SACRS January 2025 Legislative Report
6.  FPPC Local Agency Gift Fact Sheet
7.  Conference reports CALAPRS Staff Training – Lovold, Groman, Vasquez
8.  SCARE letter to Sonoma County Human Resources – Retiree Health Care/COLA
9.  2026 Board and Committee meeting Calendar – updated

VI.  TRUSTEE/STAFF TRAINING & CONFERENCES

Notify Julia Smith if you plan to attend any future event. Please note, if out of state travel to attend a conference is not approved in the Budget separate approval from the Board must be obtained prior to attending the conference.

1.  Pension Power California Housing Summit, December 12, 2025, State Building and Construction Trades Council of California, Sacramento, CA. Trustee Eaton attended and will report out.
2.  JP Morgan SPF on the Road Investor Forum, February 11, 2026, Toyota Industrial Campus, Torrance, CA.
3.  CALAPRS General Assembly, March 9 to 11, 2026, The Westin Carlsbad Resort & Spa, Carlsbad, CA. Trustees Baker, Eaton and Walsh are attending.
4.  Council of Institutional Investors, March 9 to 11, 2026, Salamander DC Hotel, Washington, DC.
5.  AgriVest Farmland Fund Annual Shareholders’ Meeting, April 20-22, The Peabody, Memphis, TN.

VII.  GENERAL DISCUSSION ITEMS

Opportunity to advise the Board of new matters and for Trustees to ask questions for clarification, provide information to staff, request staff to report back on a matter or direct staff to place a matter on a subsequent agenda.

VIII.  PUBLIC COMMENT

Opportunity for public comment on non-agenda items within the jurisdiction of the Retirement Board.

IX.  NOTICE OF NEXT MEETINGS

All meetings are held at SCERA in the Board Room at 433 Aviation Boulevard, Suite 100, Santa Rosa, CA, and broadcast via Zoom unless otherwise noted.

Investment Committee Meeting
January 29, 2026
9:00 a.m.

Disability Committee Meeting
February 19, 2026
8:30 a.m.

Retirement Board Meeting
February 19, 2026
9:00 a.m.

Investment Committee Meeting
February 26, 2026
9:00 a.m.

X.  ADJOURNMENT