The funded status for the Sacramento County Employees’ Retirement System (SCERS) increased to 82.6 percent, as of June 30, 2019, according to the annual actuarial valuation approved by the Board of Retirement on November 20, 2019.
The fund was helped by a 2018-19 fiscal year investment return of 7.2 percent, finishing the fiscal year with approximately $9.8 billion in assets. SCERS continues to manage an unfunded liability of $2.1 billion over a 20-year period to ensure sufficient assets are in place to support long-term benefit obligations.
Our Fall 2019 newsletter is out! This issue includes our first employer spotlight which features the Orangevale Park and Recreation District. The issue also includes information on policy changes for retired annuitants, a note about Board elections, and more!
Active and retired members can find the newsletter in their mailbox or may pick up a copy at SCERS’s downtown office. The newsletter has also been posted under Newsletters.