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.
SCERS Strategic Plan
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.
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.