SCERS continues to make progress on meeting its long-term benefit obligations. The SCERS Board approved the annual actuarial valuation on November 5, 2018, which showed the SCERS funded status increased from 80.4% to 82.5%, on a market value basis, as of June 30, 2018. The unfunded liability is approximately $2 billion and is projected to be eliminated within 20 years.
Welcome to our new newsletter. Our goal is to provide you with interesting news and resources throughout the year, whether you retired 10 years ago or are 10 years away from retirement.
The newsletter will be mailed to all of our active and retired members. The newsletter will also be posted to our website. Please check the Newsletters section for new issues.
The Sacramento County Department of Voter Registration and Elections announced election results on October 18, 2018, for three seats on the SCERS Board. Matt Petersen, a captain in the Sheriff’s Department, was elected as Safety Representative; John Conneally, a fire battalion chief at the Sacramento County Airport, was re-elected as Alternate Safety Representative; and, Diana Gin, a human resources manager with the Department of Personnel Services, was elected as Miscellaneous Representative. Ms. Gin previously served on the SCERS Board from 2011-2016. The three-year terms begin January 1, 2019.