Sacramento County Employees’ Retirement System (SCERS) has hired James Donohue as Deputy Chief Investment Officer (Deputy CIO). The Deputy CIO assists in the formulation and evaluation of investment policies and strategy, the development of the asset allocation and asset class structures, the risk management framework, and the oversight and selection of investment managers and service providers of the $9.2 billion fund.
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.