Updates from SCERS on COVID-19
Updated March 22, 2020
During this difficult time, we are aware that many of our members may have concerns and questions about the implications of the COVID-19 pandemic to your long-term retirement plans.
The health and well-being of our members is of the utmost importance and our goal is to continue to provide the same level of services as under normal conditions. However, these processes will require some modifications.
In keeping in line with current recommendations from state and local public health agencies, we are implementing several actions in an effort to halt the spread of the virus:
- Effective Monday, March 16, SCERS’ offices are closed to the public.
- In-person benefit planning sessions have been re-scheduled to telephone sessions.
- Group retirement orientations are canceled until further notice.
- SCERS remains in full customer service mode with staff working remotely.
- We can be reached at (916) 874-9119 or via email at email@example.com.
We do not anticipate any delays or interruptions with your monthly pension payments.
Pending and New Retirement Applications
SCERS will continue to accept and process retirement applications. Due to staffing adjustments, you may experience some delays receiving your first retirement payment.
If you are planning to retire, please mail your completed retirement application to the address below. Please remember to sign and date your application.
980 9th Street, Suite 1900
Sacramento, CA 95814-2739
Investment Portfolio Preparedness
Our members’ retirement benefits continue to be secure. The spread of COVID-19 has impacted global markets, as well as SCERS’ portfolio, over the short term. SCERS is a long-term investor, and we think in terms of decades—not days, weeks or months. The SCERS investment portfolio is broadly diversified in order to mitigate the effect of periods of market volatility and uncertainty.