Sacramento County Employees' Retirement System   Sacramento County
Employees' Retirement System
County of Sacramento  
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We are dedicated to providing the highest level of retirement services and managing system resources in an effective and prudent manner.
 
 

News and Developments


 
SCERS has developed an impact analysis of CalPEPRA to help SCERS' members, retirees, and participating employers to assess how the new law will affect them. 
Setting the Record Straight
 

On Sunday, January 3, 2016, the Sacramento Bee published a story with a headline and statements suggesting that lump sum cash-outs of accrued leave at retirement by certain Sacramento County retirees increased their retirement benefit by significant amounts.  Eight of the individuals identified in the story were SCERS retirees. 

The headline and statements in question were NOT correct:  Terminal payments, such as a leave cash-out paid upon retirement, are not included in the compensation used to calculate the pension benefit.  Unfortunately, however, the Bee did not confirm the accuracy of its information before publishing its story, and as a result, the article incorrectly and unfairly characterized the pension benefits of the SCERS retirees named in the article.

SCERS conveyed to the Bee its disappointment and frustration with the article and its mistakes.  When presented with this information, the Bee acknowledged that the composition of the lump sum payments cited in the article did not support the headline and statements declaring that the benefits of the people named in the article had been inflated by those payments. 

On Sunday, January 10, 2016, the Bee officially acknowledged the mistake, printing two corrections to the original article.  Under the heading ‘Setting it Straight,’ the Bee admitted the original story “…incorrectly suggested those cashouts boosted their pensions by significant amounts.’  The Bee also modified and added the correction to the online version of the story on the Bee’s website.

SCERS strives to assure that accurate information regarding the retirement system and its participants is available to any and all interested parties.  It is unfortunate that in this case, the Bee’s failure to confirm the accuracy of its information before publishing the original story meant that the correct information had to follow incorrect information.

 

 
2015 Retirement Board Member Election - Results Announced 
 
The results for the 2015 Retirement Board Member Election have been made official.  Incumbents Chris A. Pittman (Safety) and John Conneally (Alternate Safety) have retained their positions on the Board.  Steven Baird was elected by Miscellaneous Members for his first term on the Board.  Please click here to see the election results from the Registrar of Voters. 
 
 
The SCERS Board of Directors initiated a strategic planning process to make sure that SCERS  can sustain and build upon the success it has been able to achieve in keeping retirement benefits secure with manageable cost.  Work has begun on implementing strategic initiatives designed to provide the highest level of quality and professionalism in meeting SCERS’ duties to its members, retirees and beneficiaries, participating employers, and other stakeholders in an environment of increasing investment and operational complexity.  Review SCERS’ key goals for the next five years in the following critical areas: 
• Funding Policies and Practices
• Investment Program
• Service Delivery
• Fiscal Responsibility
• Risk Management
• Aligning Authority with Responsibility
Check back for updates on implementation of these strategic initiatives.
 
Request for Proposals Issued for Pension Administration and Financial Systems Consulting Services
SCERS has issued a Request for Proposals (RFP) for Pension Administration and Financial Systems Consulting Services.  Please view the RFP here.  Please view the addendum to the RFP here.

 

Sacramento County Retirement System Recognized for Investment Management Excellence

The international financial publication Chief Investment Officer announced that the Sacramento County Employees’ Retirement System (SCERS) has been named the 2014 Industry Innovation Award winner in the category of public pension funds with up to $15 billion in assets.


 Pictured from left: Deputy Chief Investment Officer Steve Davis, 
 Chief Investment Officer Scott Chan, and Chief Executive Officer Richard Stensrud

 

SCERS Nominated for aiCIO’s 2014 Industry Innovation Award for Pension Plans with Under $15 billion in Assets
SCERS Recognized for Investment Management Success
SCERS Chief Investment Officer Recognized by Investment Industry
SCERS' Stakeholders Benefit from Strong Investment Performance
SCERS Nominated for aiCIO’s 2013 Industry Innovation Award for Pension Plans with Under $15 billion in Assets


 

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Educational Information


 
 

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Contact Us
Sacramento County Employees' Retirement System
980 9th Street, Suite 1900, Sacramento, CA 95814
Telephone: (916) 874-9119
Facsimile: (916) 874-6060
Mail Code 10-204
No statement in this electronic document is considered a legally binding interpretation, enlargement, or amendment of the provisions contained in the County Employees' Retirement Law of 1937 or By-Laws of the Board of Retirement. Those provisions control all rights and benefits provided for each member, retiree, and qualified beneficiary.