Home: Latest News
Update on Supreme Court Opinion: Notice to Members
This notice concerns amendments to SCERS’ Final Compensation Review Policy that could impact the calculation of your retirement allowance.
If you have recently submitted or are considering submitting a retirement application, please consider how the following information described below may influence your retirement plans, including withdrawing or delaying your application.
SCERS Celebrates 80 years!
SCERS rings in the new year with more than one reason to celebrate. It’s our 80th anniversary year, and throughout 2021, beginning with a commemorative logo, we’ll be digging through the archives and highlighting our history in our newsletters and elsewhere. Here’s to another 80 years!
SCERS Video Explains Pension Funding
Did you know that SCERS members only pay 10 cents for every dollar of pension benefits they receive? Watch this animated video that answers one of our most frequently asked questions - “How are pensions funded?”
SCERS Employer Forum Goes Virtual in January
SCERS employers – mark your calendars! SCERS looks forward to hosting its 3rd Annual Employer Forum virtually on Thursday, January 28, 2021, beginning at 10 a.m.
SCERS Board Adopts 2021-22 Contribution Rates
During its regular monthly meeting Wednesday, December 9, the SCERS Board of Retirement adopted the annual actuarial valuation, a report that serves as a “health check” on how the pension fund is doing at the end of the fiscal year (June 30), and arguably the most important financial document reviewed each year.
Update on Supreme Court Opinion: Notice to Members
This notice concerns amendments to SCERS’ Final Compensation Review Policy that could impact the calculation of your retirement allowance.
Have You Seen SCERS Animated Videos?
SCERS is pleased to roll out its fourth informative animated video in a series covering such topics as new member orientation, pension funding, retirement planning, and disability retirement.
SCERS Closed to Public; Drop Box Available
The SCERS office remains closed to members and the public through
the month of February to help prevent the spread of
COVID-19.
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.
SCERS’ First Animated Video is Here!
SCERS is pleased to roll out the first in a series of animated videos designed to help our members better understand their journey toward retirement.
SCERS Lowers Long-Term Investment Assumption to 6.75%
The SCERS Board of Retirement adopted new actuarial assumptions that will be used to set contribution rates beginning in July 2021 to keep funding on track and benefits secure for the system’s 25,000 members and retirees.
SCERS Closed for Memorial Day
In observance of Memorial Day, SCERS and all other Sacramento County agencies and offices will be closed on Monday, May 25, 2020.
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.
COVID-19 Updates
All SCERS’ COVID-19 updates for members are now compiled and located on this page.
Your Holiday and Payment Calendar
SCERS benefits are paid on the last working day of every month. For your convenience, we have provided the attached calendar of pay dates and Sacramento County holidays.
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.
Read the Winter Issue of SCERS’ 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.
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.
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.
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.