Retirement Payday
2026-04-30 00:00 - 23:59, 2026-05-29 00:00 - 23:59 (America/Los_Angeles) | CA

Board Meeting May 20, 2026
2026-05-20 10:00 - 12:00 | CalPERS Feckner Auditorium (Lincoln Plaza North), 400 P Street, Sacramento, CA, 95811, United States
Please note the location change.
This meeting will take place at the CalPERS Feckner Auditorium at 400 P Street.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.
Agenda
Minutes
Item 1 – Call to Order/Roll Call – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3 – Minutes of the April 15, 2026 Regular Meeting
Approve the minutes of the April 15, 2026 Regular Meeting.
Item 4 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:
Item 4A – ANDRADE, Aaron (Deputy Sheriff, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4B – BRADFORD, Lona (Airport Operations Dispatcher, Sacramento County Department of Airports): Grant a service-connected disability retirement.
Item 4C – BUONO, Shannon (Deputy Sheriff Range A, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4D – GRAHAM, Donna (Real Property Appraiser Lv. 2, Sacramento County Assessor’s Office): Grant a service-connected disability retirement.
Item 4E – HER, Johnny (Sheriff Deputy, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4F – MACIEL, Amanda (Sheriff’s Sergeant, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4G – PADILLA, Alejandro (Collection Equipment Operator II, Waste Management and Recycling Department): Grant a service-connected disability retirement.
Item 5 – Ratification of Service Retirement Application Approvals—April 2026
Ratify the service retirement applications that were finalized in April 2026.
Item 6 – State Association of County Retirement Systems Legislative Update—May 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for May 2026.
Item 7 – Portfolio Allocation and Rebalancing Report––First Quarter 2026
Receive and file the Portfolio Allocation and Rebalancing Report for the quarter ended March 31, 2026.
Item 8 – Monthly Report of Investment Activity—April 2026
Receive and file the Monthly Report of Investment Activity for April 2026.
Executive Reports
Item 9 – Chief Executive Officer’s Report (no action requested)
Item 10 – Chief Investment Officer’s Report (no action requested)
Item 11 – Chief Benefits Officer’s Report
Receive and file CBO Report for the quarter ended March 31, 2026.
Administrative Matters
Item 12 – Education: Actuarial Assumptions
Receive and file report on actuarial assumptions and considerations as part of the upcoming Experience Study, as presented by Segal.
Item 13 – Annual Budget for Fiscal Year 2026-27
Approve an annual budget of approximately $24.6 million and 77 positions for fiscal year 2026-27.
Item 14 – Compensation Consultant
Authorize the Chief Executive Officer to execute a contract with CBIZ Compensation Consulting through December 31, 2026, in an amount not to exceed $40,000, as recommended by the Ad Hoc Compensation Committee.
Item 15 – Technology Advisory Support
Authorize Chief Executive Officer to execute a contract with Gartner for independent, technology advisory support through December 31, 2026, in an amount not to exceed $110,000.
Item 16 – Banking and Accounting System Alignment
Receive and file report on timing, strategy, and implementation approach for banking and accounting operations.
Investment Matters
Item 17 – Education: Private Credit
Receive and file presentation on private credit market dynamics, as presented by Cliffwater and Staff.
Item 18 – Total Fund Investment Performance Review Report—First Quarter 2026
Receive and file the performance report for the quarter ended March 31, 2026, as presented by Cerity Partners.
Other Matters
Item 19 – Comments from Members of the Board of Retirement
Closed Session
Item 20 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.
Item 21 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.
Adjournment

Memorial Day
2026-05-25 00:00 - 23:59 | CA
SCERS will be closed in observance of Memorial Day.

Joint Retirement Planning Webinar
2026-06-10 10:00 - 12:30, 2026-09-10 10:00 - 12:30 | CA
SCERS Joint Retirement Planning Webinars are tailored for members within a few years of retirement and include guest panelists (as available) from Sacramento County Employee Benefits Office, Fidelity Investments, Social Security Administration, MissionSquare Retirement, and Sacramento County Retired Employees Association. These webinars are approximately 2-2.5 hours in length.
Webinars are conducted via Zoom and registration is required.

Audit Committee Meeting June 16, 2026
2026-06-16 10:00 - 12:00 | Sacramento County Branch Center, 4145 Branch Center Road, Sacramento, CA, 95827, United States
This meeting is only in person. If you wish to address the Committee, you can do so during Item 2 of public comments.
Meeting location: Sacramento County Branch Center, 4145 Branch Center Road, Sacramento, CA 95827
Agenda
Item 1 – Call to Order / Roll Call – No Materials
Item 2 – Public Comment – No Materials
Item 3 – Annual Independent Financial Statement Audit Timeline
Receive and file the timeline and audit process related to SCERS’ Annual Independent Financial Statement Audit as of and for the fiscal year ended June 30, 2026, as presented by Crowe LLP.
Item 4 – Agreed Upon Procedure: Employer Reporting—Payroll
Receive and file the Agreed Upon Procedure review for employer payroll reporting performed for the period of July1, 2025 – December 31, 2025, as prepared by Eide Bailly.
Item 5 – Comments from Members of the Audit Committee
ADJOURNMENT

Board Meeting June 17, 2026
2026-06-17 10:00 - 12:00 | CA
Please note the location change.
This meeting will take place at the Sacramento Metropolitan Fire at 10545 Armstrong Avenue, Suite 200.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.
Agenda
Item 1 – Call to Order/Roll Call – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3 – Minutes of the May 20, 2026 Regular Meeting
Approve the minutes of the May 20, 2026 Regular Meeting.
Item 4 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:
Item 4A – GREWAL, Ravinder (Sheriff Records Officer I, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Adopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Application:
Item 4B – CASTANON, Gilbert (Assistant Probation Officer, Sacramento County Probation Department): Grant a service-connected disability retirement.
Item 5 – Ratification of Service Retirement Application Approvals—May 2026
Ratify the service retirement applications that were finalized in May 2026.
Item 6 – State Association of County Retirement Systems Legislative Update—June 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for June 2026.
Item 7 – 2026-27 Employer Contribution Prepayments
Approve Sacramento County and Sacramento Area Sewer District’s intent to prepay the employer contribution for the 2026-27 fiscal year, and additional Sacramento Metropolitan Fire District unfunded liability payment for 2026-27.
Item 8 – Monthly Report of Investment Activity—May 2026
Receive and file the Monthly Report of Investment Activity for May 2026.
Item 9 – Report of Closed Session Action
Receive and file report of closed session action regarding the purchase or sale of pension fund investments.
Executive Reports
Item 10 – Chief Executive Officer’s Report (no action requested)
Item 11 – Chief Investment Officer’s Report (no action requested)
Item 12 – Chief Benefits Officer’s Report (no action requested)
Administrative Matters
Item 13 – Actuarial Assumptions
Discuss potential actuarial assumption changes, contribution-rate impacts, and considerations as part of the upcoming Experience Study.
Item 14 – Technology Services
Authorize the Chief Executive Officer to extend the contract with QualApps for technology development and advisory services through June 30, 2028, in an amount not to exceed $1.8 million.
Item 15 – Accounting System Software
Authorize the Chief Executive Officer to execute an agreement with Sikich for Microsoft Dynamics 365 Business Central implementation services and first-year software licensing in an amount not to exceed $400,000.
Item 16 – Business Continuity Report
Receive and file Business Continuity Report regarding temporary building closure at 980 9th Street during April-June 2026.
Investment Matters
Item 17 – Alternative Assets Consultant
Authorize the Chief Executive Officer to amend the alternative assets consultant contract with Cliffwater, LLC through June 30, 2028, with expenditures not to exceed $1,000,000 over the two-year period.
Item 18 – Investment Performance Report—Alternative Assets
Receive and file the Investment Performance Report for the quarter ended March 31, 2026 for the Absolute Return portfolio, and the quarter ended December 31, 2025 for the Private Equity, Private Credit, and Real Assets portfolios, as presented by Cliffwater, LLC.
Item 19 – Investment Performance Report—Real Estate
Receive and file Investment Performance Report on real estate investments for the quarter ended March 31, 2026, as presented by Townsend Group.
Other Matters
Item 20 – Comments from Members of the Board of Retirement
Closed Session
Item 21 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.
Item 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.
ADJOURNMENT

Juneteenth
2026-06-19 00:00 - 23:59 | CA
SCERS will be closed in observance of Juneteenth.

Independence Day
2026-07-03 00:00 - 23:59 | CA
SCERS will be closed in observance of Independence Day.

Benefit Payment Date
2026-07-31 00:00 - 23:59, 2026-08-31 00:00 - 23:59, 2026-09-30 00:00 - 23:59 | CA
Retirees and beneficiaries are paid once a month on the last business day of the month.
You may not receive your first benefit payment for one to two months after retirement. However, your first benefit payment will be prorated based on your effective date of retirement.

SETA Outreach
2026-08-07 11:00 - 14:00 | Grand Pavilion Banquet Hall, 26 Massie Court, Sacramento, CA, 95823, United States
SCERS will be participating in SETA’s All-Staff Meeting to answer general questions about the pension plan and benefits. This event is for SETA employees only.
Hours: 11am – 2pm

Board Meeting August 19, 2026
2026-08-19 10:00 | Sacramento Metropolitan Fire, 10545 Armstrong Avenue Suite 200, Mather, CA, 95655
Please note the location change.
This meeting will take place at the Sacramento Metropolitan Fire at 10545 Armstrong Avenue, Suite 200.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.

Labor Day
2026-09-07 00:00 - 23:59 | CA
SCERS will be closed in observance of Labor Day.

Investment Forum September 15, 2026
2026-09-15 00:00 - 23:59 | CA
Meeting location: TBD

Open Enrollment Health Fair - Sacramento Area Sewer District
2026-09-15 12:30 - 15:30 | Sacramento Area Sewer District – Goethe, 10060 Goethe Road, Sacramento, CA, 95827, United States
SCERS will be participating in Sac Sewer’s Open Enrollment Health Fairs and will be on hand to answer general questions about the pension plan and benefits from 12:30 p.m. – 3:30 p.m.

Board Meeting September 16, 2026
2026-09-16 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.

Open Enrollment Health Fair - Sacramento Area Sewer District
2026-09-23 12:30 - 15:30 | Sacramento Area Sewer District – NACY, 5026 Don Julio Blvd., Sacramento, CA, 95842, United States

Open Enrollment Health Fair - Sacramento Area Sewer District
2026-09-30 12:30 - 15:30 | Sacramento Area Sewer District – EchoWater, 8521 Laguna Station Road, Elk Grove, CA, 95758, United States

Open Enrollment Active Employee Benefit Fair
2026-10-07 09:00 - 16:00 | Sacramento County Department of Personnel Services (DPS), 9310 Tech Center Drive, Sacramento, CA, 95826, United States
SCERS will be participating in this year’s Sacramento County Open Enrollment Benefit Fairs and will be on hand to answer general questions about the pension plan and benefits. This event is for Active employees only.
Note: The event is open from 9am – 4pm and will close from 12-1pm for lunch.

Open Enrollment Retiree Benefit Fair
2026-10-08 13:00 - 16:00 | Sacramento County Department of Personnel Services (DPS), 9310 Tech Center Drive, Sacramento, CA, 95826, United States
SCERS will be participating in this year’s Sacramento County Open Enrollment Benefit Fairs and will be on hand to answer general questions about the pension plan and benefits. This event is for Retirees only.
Open hours: 1pm – 4pm

Indigenous Peoples' Day
2026-10-12 00:00 - 23:59 | CA
SCERS will be closed in observance of Indigenous Peoples’ Day.

Open Enrollment Active Employee Benefit Fair
2026-10-13 09:00 - 16:00 | Sacramento County Department of Health Services (DHS), 7001-A East Parkway, Sacramento, CA, 95823, United States
SCERS will be participating in this year’s Sacramento County Open Enrollment Benefit Fairs and will be on hand to answer general questions about the pension plan and benefits. This event is for Active employees only.
Note: The event is open from 9am – 4pm and will close from 12 – 1pm for lunch.

Open Enrollment Retiree Benefit Fair
2026-10-16 09:00 - 13:00 | Sacramento County Department of Health Services (DHS), 7001-A East Parkway, Sacramento, CA, 95823, United States
SCERS will be participating in this year’s Sacramento County Open Enrollment Benefit Fairs and will be on hand to answer general questions about the pension plan and benefits. This event is for Retirees only.
Open hours: 9am – 1pm

Board Meeting October 21, 2026
2026-10-21 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814

Open Enrollment Active Employee Benefit Fair
2026-10-22 09:00 - 16:00 | Sacramento County Department of Human Assistance (DHA), 4450 E. Commerce Way, Sacramento, CA, 95834, United States

Open Enrollment Retiree Benefit Fair
2026-10-23 09:00 - 13:00 | Sacramento County Department of Human Assistance (DHA), 4450 E. Commerce Way, Sacramento, CA, 95834, United States

Open Enrollment Active Employee Benefit Fair
2026-10-27 09:00 - 16:00 | Sacramento County Administration, 700 H Street, Sacramento, CA, 95814, United States
