The latest edition of the SCERS newsletter has been published. The Winter 2019 newsletter includes an investment update, cost-of-living adjustment information, important tax information, benefit FAQs, and details on upcoming events.
The newsletter has been posted on the SCERS website in the Newsletters section and has been mailed out to all of our active and retired members.
Retirees should receive their Form 1099-R from the Sacramento County Employees’ Retirement System (SCERS) in late January or early February 2019. Please note that the SCERS’ Employee Identification Number (EIN) has changed. The change is effective for the 2018 tax year and for future tax years. Please be sure to update your tax filing records and forms accordingly. If someone prepares and/or files your taxes for you, be sure to notify your tax preparer of this change.
SCERS State EIN: 80072218
SCERS Federal EIN: 26-0096542
The Sacramento County Employees’ Retirement System (SCERS) has launched an initiative to increase the use of direct deposit. About 96% of SCERS members already have their monthly pension payments directly deposited into their bank accounts. Just 4%, or approximately 400 retirees, are receiving paper checks in the mail.