Congress recently passed legislation that makes significant
changes to Social Security benefits for government workers whose
employment is not covered by Social Security but may be eligible
for Social Security benefits. Please note this law has no
effect on most SCERS members. More than 99% of
SCERS members – including all Safety members – are covered by
Social Security.
Employer contribution rates to SCERS will decrease next year as
the pension fund continues to strengthen, based on an actuarial
analysis being presented to the Board of Retirement on December
11.
At the end of January 2025, SCERS will mail 1099-R forms to those
members who received a distribution of income from SCERS in 2024
due to one or more of the following distribution types:
In observance of Thanksgiving Day, the SCERS office will be
closed from noon on Wednesday, November 27th through Friday,
November 29th, but will return to normal business hours on
Monday, December 2nd.
The final results in the election of one Safety
Representative and one Alternate Safety Representative seat
on the SCERS Retirement Board are now
officially posted.
In observance of Indigenous Peoples’ Day, SCERS will be closed on
Monday, October 14, but will return to normal business hours on
Tuesday, October 15.
Sacramento County Employees’ Retirement System (SCERS) has been
notified that approximately 1,300 eligible Miscellaneous Members
did not receive a ballot for the current Member Election to elect
One Miscellaneous Representative to the Board of Retirement for a
term beginning January 1, 2025, and ending December 31, 2027.
SCERS’ investment portfolio returned an impressive 9.2% net of
fees for the 12-month period ended June 30, 2024, beating SCERS’
investment return assumption of 6.75%.
Ballots for the election of one Miscellaneous, one Safety, and
one Alternate Safety seat on the SCERS Board will be mailed on
Sept. 10 for the voting period of Sept. 16–Sept. 27.
Sacramento County Employees’ Retirement System (SCERS) has
transitioned our website from www.scers.org to www.scers.gov to
better align with our status as a government entity.
The Sacramento County Employees’ Retirement System (SCERS) filed
a breach of contract lawsuit on April 19 in Sacramento Superior
Court against Telus for failing to deliver a technological
project.
Your 2023 Annual Statement will be mailed this week. Please
allow sufficient time for mail processing, but let us know if you
do not receive it by March 11.