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Memorial Day Office Closure

In observance of Memorial Day, SCERS will be closed on Monday, May 27th but will return to normal business hours on Tuesday, May 28th.

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SCERS Files Suit Against Tech Vendor

The Sacramento County Employees’ Retirement System (SCERS) filed a breach of contract lawsuit on April 19 in Sacramento Superior Court against Telus for failing to deliver a technological project.

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COLA Approved

On February 21, 2023, the SCERS Board adopted the following cost-of-living adjustments (COLA), effective April 1, 2024, for members with retirement dates on or before March 31, 2024:

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Keenan Data Breach

SCERS has been made aware of a data breach involving Keenan, the County’s broker for health insurance and other cafeteria plan benefits, that affects County retirees. SCERS is not involved in this matter and no SCERS data was impacted. 

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UHC Medical Deductions

SCERS has been made aware of a display issue on the January 2024 pay advices for retirees with United Health Care (UHC) medical premium deductions.

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SCERS’ Investment Returns on Par

As global markets rebounded in the first half of 2023, SCERS finished its fiscal year that ended June 30, 2023, with a 6.3% investment return (6.1% net of fees). 

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SCERS Welcomes New Executive Staff Member

SCERS announces the addition of a new member of its executive team: Chief Technology Officer Timothy Taylor, who will assume overall responsibility for the implementation of SCERS’s IT modernization program.

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SCERS Safe from Pension System Data Breach

Recent news has alerted the public to a major hacking incident affecting a death-audit service provider for pension systems such as CalPERS and CalSTRS.

This data breach has not affected SCERS members.

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Court-Mandated Pension Reductions Underway

The Sacramento County Employees’ Retirement System (SCERS) has provided notice to approximately 400 retirees regarding adjustments to their pensions effective in the March 2023 pension payment, in compliance with the California Supreme Court’s “Alameda” decision.

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COLA Approved

On February 15, 2023, the SCERS Board adopted the following cost-of-living adjustments, effective April 1, 2023, for members with retirement dates on or before March 31, 2023:

  • 4% = Miscellaneous Tier 1 and Safety Tier 1
  • 2% = Miscellaneous Tiers 3, 4, and 5 and Safety Tiers 2, 3, and 4

For more information, go to: https://www.scers.org/retiree-cola-tracker