2018 Retirement Board Election
An election will be held for the Sacramento County Employees’ Retirement System (SCERS) Retirement Board for a Miscellaneous Representative, Safety Representative, and an Alternate Safety Representative. The terms of office for all three trustees will begin January 1, 2019 and end December 31, 2021.
For details on the election, including important dates, please click here. You can also visit the Sacramento County Voter Registration and Elections page for additional information.
Did My Pension Contribution Increase?
New Rates Effective July 2018
Employees may have noticed changes in pension deductions on their final paycheck for July. The SCERS Board approved new contribution rates last year that took effect for July 2018. The specific rates vary based on retirement tier and labor agreement, and can be found here.
Rates increased largely due to changes in actuarial assumptions the SCERS Board approved last year, which took into account longer life expectancies of our members and a more conservative investment outlook. Every three years, the SCERS Board reviews the actuarial assumptions to ensure that funding remains on track to pay for benefits that our members have earned. Employees and employers both play a significant role in meeting the funding obligation.
Customer Service Update
For more than 75 years, SCERS has provided retirement security for the dedicated public employees who serve the residents of Sacramento County. Our pension system is more than 80% funded and sustainable – we can provide benefits without interruption to our retirees, current employees, and generations of future workers. However, issuing our new retirees their first retirement check takes longer than it should. We can do better, and we will. Read more here
SCERS Strategic Management Program
SCERS management has adopted a new Strategic Management Program that includes an annual planning process for continuing the progress toward the goals and objectives of the SCERS Strategic Plan 2014-2018. The Strategic Management Program improves the maturity of SCERS’ strategic management capabilities with the introduction of improved processes for ownership of goals, objectives, implementation actions, performance tracking/measurement, and integrated risk management.
Central to the structure of the Strategic Management Program is the annual creation of a Strategic Management Plan that lays out specific actions SCERS staff will take during the fiscal year to accomplish the continuous improvement of the enterprise. The resulting plan is organized around six key themes that closely resemble those in the SCERS Strategic Plan 2014-2018. The objectives within each theme have been defined to carry forward earlier Strategic Plan objectives that are not completed or remain ongoing. Additional objectives have been included to reflect changing needs and priorities since 2014.
The six key themes include the following:
- Customer Service
- Sustainable Funding
- Enterprise Capability and Technology
- Stakeholder Relations
- Workforce Development
SCERS Strategic Management Plan 2018-2019
SCERS Strategic Plan 2014 - 2018
SCERS Appoints New CEO
The Sacramento County Employees’ Retirement System (SCERS) Board of Retirement has appointed Eric Stern, who leads the program on retirement and health benefits at the California Department of Finance, as the new Chief Executive Officer (CEO) of the pension fund.
For the last decade Stern has been at the center of the changes to sustain California’s public employee retirement systems. He has worked at all levels of government, bringing together labor and management to forge solutions.
Read the Press Release for more information.
The California Public Employees' Pension Reform Act of 2013
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.
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.