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SCERS Launches New Website
The Sacramento County Employees’ Retirement System (SCERS) is pleased to announce the launch of its new website. This is the first phase of our website redesign project, which will provide our members improved functionality and additional features on a modern platform, including a responsive design which enhances usability on mobile devices.
SCERS’ Earnings Exceed 10% in 2017-18
The Sacramento County Employees’ Retirement System (SCERS) announced a preliminary total fund return of 10.1%, gross of investment management fees, for the fiscal year ending June 30, 2018. Over the last 3 and 5 years, the SCERS’ gross annualized return was 7.6% and 8.3%, respectively. Though SCERS’ returns have come in above the actuarial return of 7.0%, we remain cautious about future expectations. Capital market assumptions continue to point toward reduced returns going forward, as demonstrated by periods of increased market volatility in 2018.
Why 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.
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.