Home: Latest News
Negative Investment Return in a Volatile Market Environment
With a -3.5% return, net of fees, for the 12-month period ending June 30, 2022, SCERS experienced a rare loss since the global financial crisis of 2009, and puts SCERS’ assets at $11.8 billion.
Robert Aguallo, Jr. Joins SCERS Board
SCERS welcomes the appointment of Robert Aguallo, Jr. to the SCERS Board, who will be sworn in at the August 17th meeting.
Alameda-Related Refund Mailings Require Address Updates
SCERS is finalizing its analysis of compensation and pay records and is preparing to issue refunds of overpaid contributions in the coming months in accordance with the Alameda decision. Before mailings go out, SCERS is asking for address updates.
Ronald Suter Returns to the SCERS Board
SCERS welcomes the appointment of former Regional Parks director Ronald Suter to the SCERS Board, on which he previously served as an elected trustee from 1994 to 2006.
Change Coming to Post-Retirement Employment Limits
California state rules restricting post-retirement employment (i.e. 960-hour limit and 180-day sit-out period) are back in effect April 1, 2022.
SCERS Board to Approve COLA for 2022
UPDATED FEBRUARY 17, 2022–
At the February 16, 2022 Board of Retirement meeting, the SCERS
Board approved the following Cost of Living Adjustment
(COLA) levels effective April 2022, as recommended by the
system’s actuary:
COLA Video Added to SCERS Library
A new animated video offering a brief explanation of how the retiree cost-of-living adjustment (COLA) is calculated has been added to our Videos page.
Two Seats Open for Appointment to the SCERS Board
Applications for appointments to the Board are now available.
SCERS Nears Fully-Funded Status
The Sacramento County Employees’ Retirement System (SCERS) is closing in on a fully-funded pension plan to support the long-term benefit obligations for its 30,000 members.
Alameda Corrections Update
The correction process to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda) is still underway.
Turnaround Time Improves for First Retirement Check
SCERS has made significant improvements in delivering a better experience for members. Among these improvements is a steady decrease in wait times for retirees’ first checks, from 75 days earlier this summer to the current median time of less than 60 days.
SCERS Office Visitors Must Use Alley Entrance and Sign In
SCERS’ office building (Park Tower) at 980 9th Street has implemented new security protocols. All visitors are now required to sign in at the security desk in the lobby and will be asked to identify what floor and tenant they will be visiting. (SCERS is located on the 19th floor.)
SCERS Retirement Board Election Results are In
Final results for the election of one Miscellaneous, one Safety, and one Alternate Safety seat on the SCERS Retirement Board are now available.
SCERS Releases New Video on Retired Member Survivor Benefit Options
A new video has been uploaded to SCERS’ video library, covering the survivor benefit options available for you to choose from when you retire.
SCERS Reopens to Members With Appointments
SCERS will be reopening to the public by appointment only, effective Monday, August 2nd.
Alameda Corrections for Employees and Retirees Continue
SCERS is continuing, but has not completed, the correction process to comply with the California Supreme Court decision in the case of Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (Alameda).
SCERS Office Re-Opening to Members in August
The SCERS’ office at 980 9th Street will remain closed through July for office renovations but will re-open for in-person member appointments on Monday, August 2.
COLA Update
The April 30th pension payment includes the 2021 cost-of-living adjustment (COLA), which can vary based on membership tier and retirement date.
SCERS sent notices to all retirees in late April with information about the adjusted benefit amount. The notice provides the initial benefit amount at the date of retirement, the dollar value of the cumulative COLA adjustments since retirement, and the new benefit amount as of April 2021.
SCERS Adds to Video Library
A new animated video on reciprocity has been added to our website and YouTube channel. This is the fifth in a series of informational videos designed to answer many of our frequently asked questions. Click to go to our video page.
SCERS Board Approves COLA
At its meeting on February 17, 2021, the SCERS Retirement Board approved the annual cost-of-living adjustments (COLA) to be effective April 1, 2021 for eligible SCERS annuitants.