Latest News
SCERS Office Closing Early on Friday 6/2
SCERS’ office will be closing to the public at 11:00 a.m. on Friday, June 2 for a staff event.
We will return to normal business hours on Monday, June 5.
County Holiday Office Closure
In observance of Memorial Day, SCERS will be closed on Monday, May 29, but will return to normal business hours on Tuesday, May 30.
County Holiday Office Closure
SCERS will be closed on Friday, March 31 in observance of Cesar Chavez Day. SCERS’ normal business hours will resume on Monday, April 3.
Court-Mandated Pension Reductions Underway
The Sacramento County Employees’ Retirement System (SCERS) has provided notice to approximately 400 retirees regarding adjustments to their pensions effective in the March 2023 pension payment, in compliance with the California Supreme Court’s “Alameda” decision.
COLA Approved
On February 15, 2023, the SCERS Board adopted the following cost-of-living adjustments, effective April 1, 2023, for members with retirement dates on or before March 31, 2023:
- 4% = Miscellaneous Tier 1 and Safety Tier 1
- 2% = Miscellaneous Tiers 3, 4, and 5 and Safety Tiers 2, 3, and 4
For more information, go to: https://www.scers.org/retiree-cola-tracker
County Holiday Office Closure
In observance of President Abraham Lincoln’s Birthday, SCERS will be closed on Monday, Feb. 13, but will return to our normal business hours on Tuesday, Feb. 14.
Look out for the Popular Annual Financial Report
SCERS will be mailing the 2022 Popular Annual Financial Report (PAFR) to all members over the next few days.
Holiday Office Closure Notice
SCERS will be closed on Monday, January 16th in observance of Martin Luther King, Jr.’s Birthday. Regular business hours will resume on Tuesday, January 17, 2023.
Your 1099-R Tax Forms Will Soon be in the Mail
Your 1099-R forms will be mailed by Tuesday, January 31st, 2023. Refer to the following information to learn more about the 1099-R form.
SCERS Welcomes New Board Members
The swearing-in ceremony for M. Tepa Banda took place during the December meeting of the SCERS Board, where he began to serve as the newly-elected Miscellaneous trustee. Dave Irish, the new Alternate Retiree member of the Board, and Martha Hoover, the existing Retiree trustee, will be sworn in at our January 18th meeting.
Holiday Office Closure Notice
In observance of Christmas and New Year’s Day, SCERS will be
closed on Monday, December 26, and Monday, January 2.
Our office will remain closed to the public from
December 27 – 30, but staff will be available to assist you with
your needs by phone and email. Regular business hours will resume
on Tuesday, January 3, 2023.
Safe and happy holiday wishes to all!
2023-24 Contribution Rates to be Adopted at SCERS Board Meeting
At its Wednesday, December 7 meeting, the SCERS Board of Retirement will be reviewing the actuarial valuation and adopting contribution rates for the next fiscal year. The aggregate employer contribution rate is dropping from 31.74% of payroll to 31.12% of payroll for 2023-24 fiscal year.
Holiday Office Closure Notice
In observance of Thanksgiving, SCERS will be closing to the public at 12:00 noon on Wednesday, November 23, and will stay closed for the remainder of the week.
Office Closure Notice
In observance of Veterans Day, SCERS will be closed on Friday, November 11. Normal business hours will resume on Monday, November 14.
James Diepenbrock Returns to the SCERS Board
SCERS welcomes back James Diepenbrock to the SCERS Board, on which he previously served from 1997 to 2021, including 11 years as the SCERS Board president. The Board of Supervisors appointed Mr. Diepenbrock to the Board in September.
Columbus Day Office Closure
In observance of Columbus Day, SCERS will be closed on Monday, October 10. Normal business hours will resume on Tuesday, October 11.
Summer Newsletter Mailing Issue Reported
We have been made aware that some members may have received the summer edition of the SCERS newsletter addressed to the wrong member.
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.
Nomination Period for Board Seats Closes Aug. 5
Nominations to fill three Retirement Board seats began in July for one Miscellaneous Representative, one Retiree Representative, and one Alternate Retiree Representative. The filing deadline is Aug. 5 at 5 p.m.