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Retirement Planning Information

SCERS provides information and counseling sessions to employees nearing retirement, free of charge. We do not use third-party vendors to contact or meet with members about SCERS benefits. 

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Sick Leave Rules Under Review

SCERS is developing a policy to clarify the rules for converting unused sick leave to service credit when members do not retire immediately upon separation from employment. 

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Report Finds SCERS Benefits in Good Health

The SCERS pension fund is on solid footing to pay out benefits for decades to come, with a low probability of falling into financial distress, according to a new report presented to the Board of Retirement in February 2020.

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Read the Winter Issue of SCERS’ Newsletter

SCERS Winter Newsletter

Our Winter 2020 newsletter is out! This issue includes research on financial confidence levels in retirement, late-cycle investment considerations, Disability Retirement FAQs, and more!

Active and retired members can find the newsletter in their mailbox or may pick up a copy at SCERS’ downtown office. The newsletter has also been posted under News at the top of this page.

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Changes To 2020 Tax Withholdings

The IRS released a revised Form W-4 for the 2020 tax year. This allows employees or retirees to more accurately estimate the amount of taxes to withhold from their income.

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1099-R Tax Forms

Attention: 1099-R tax forms are being mailed on January 30th. To allow sufficient mail processing time, if you do not receive your 1099-R by February 10th please contact our office at (916) 874-9119.

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Funding Remains Strong

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.

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Retirement Board Election Update

The 2019 Board of Retirement candidate nomination period is closed. Ballots will be mailed mid-September for the Miscellaneous Representative position.  

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Pension Fund Nears $10 Billion

SCERS’ investments returned 7.2% in the 2018-19 fiscal year, finishing with a market value of $9.7 billion. 

SCERS assumes a 7% annual rate of return — meeting or exceeding that target helps keep the fund strong to support benefits without needing to increase contribution rates. For the last 3, 5, and 10 years ending June 30, SCERS delivered annualize returns of 10.4%, 6.5% and 9.7%, respectively.

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Read the Summer Issue of SCERS’ Newsletter

Our Summer 2019 newsletter is out! This issue spotlights our Chief Investment Officer, offers tips on submitting retirement documents early, 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.

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Retirement Board Elections Coming Soon

Sacramento County Employees’ Retirement System (SCERS) Retirement Board will elect three new members next month: a Miscellaneous Representative, Retiree Representative, and Alternate Retiree Representative. Ballots are being mailed to members, so make sure your mailing address is up to date!

Visit scers.org/elections for more detail on the open positions, upcoming nomination period, and voting period.

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Date and Time Changes for Retirement Planning Seminars

Based on member feedback, we have pushed back the start time of our quarterly retirement planning seminars to 9 a.m. (previously 8 a.m.) and condensed the seminar to end at 4 p.m. (previously 4:30 p.m.). We also moved the October event  to October 21 (previously October 3) due to a schedule conflict.

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Overtime and Service Credit Policies

The SCERS Board of Retirement adopted new policies in April 2019 that clarify how compensation and service credit will be incorporated into pension calculations.  SCERS will no longer include in Final Compensation any portion of allowances or pay incentives earned after April 27, 2019, as a result of overtime, expired compensatory time off (CTO), or CTO-over-max.  SCERS also will limit service credit to one (1) year in a 12-month period.   These policies provide for more consistency in pension calculations based on a better interpretation of law.

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New Issue of SCERS Newsletter Published

The latest edition of the SCERS newsletter has been published.  The Spring 2019 newsletter includes a spotlight on SCERS’ new Chief Benefits Officer, a retirement checklist, FAQs regarding service credit purchases, fast facts regarding benefit recipients, 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.