Important Notices - Hidden

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Annual Reminder for Recipients of Monthly Benefit Payments

Tax Withholding Election

If you wish to change your tax withholding, you can print a copy of the SCERS Tax Withholding form any time by going to the SCERS web site, www.scers.org, and clicking the following links: Forms – Already Retired – Tax Withholding. Alternatively, you can request a hard copy of the Tax Withholding form by contacting our front-desk personnel at (916) 874-9119 or obtaining Form W-4P (Withholding Certificate for Pension or Annuity Payments) from an IRS Taxpayer Assistance Center or the IRS web site, www.irs.gov.

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Incorrect Reporting Information for Retirement Benefit Payments
Regarding "Payment advice"

Please note that the February 29, 2016 ‘payment advice’ received by certain retirees and beneficiaries regarding the direct deposit of their monthly benefit payment may have contained some incorrect information. The problem is limited to those retirees and beneficiaries whose monthly benefit payment includes a separate deposit or deduction for the Sacramento Credit Union (SCU).  Instead of showing the amount of the SCU direct deposit and the amount(s) deposited into another bank account, the payment advice only reported the amount of the SCU direct deposit. This was a

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SCERS Policy on Facilitating Communication by Third Parties with SCERS’ Retirees and Beneficiaries

The Sacramento County Employees’ Retirement System (SCERS) considers protecting the confidentiality of retiree and beneficiary information to be a fundamental duty. As a corollary to that duty, it is SCERS’ position that individually identifying retiree and beneficiary information not be used to unduly or inappropriately intrude on the privacy of retirees and beneficiaries.

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Information Regarding the Compensation Recommendations Approved by the SCERS Board

The Sacramento Bee has recently reported on a compensation study that was submitted to the SCERS Board concerning the salary levels for SCERS’ executive staff positions (i.e., the Chief Executive Officer, Chief Investment Officer, General Counsel, Chief Benefits Officer, Chief Operations Officer and Deputy Chief Investment Officer). The attached materials are intended to provide interested parties with the information that was considered by the SCERS Board in deciding to approve the salary adjustments recommended in the compensation study.

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Message to SCERS Participants: Your SCERS Benefits Remain Secure

With everything that has been happening in the financial markets, and the economy generally, over the last several months, it is understandable if SCERS participants might be concerned about the impact of these events on SCERS and your SCERS retirement benefits. Accordingly, I will go right to the bottom line: SCERS remains financially strong and your SCERS benefits are secure.

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New Direct Deposit Reporting on Monthly Payment Advice

Memorandum

To: Retired Members and Surviving Beneficiaries of SCERS
Date: June 19, 2009
Re: New Direct Deposit Reporting on Monthly Payment Advice

As reviewed in a notice that we distributed to affected members in April, the deduction process for the Sacramento Credit Union (“SCU”) is converting to a direct deposit process. As a result of this conversion, annuitants of the Sacramento County Employees’ Retirement System (“SCERS”) will see a change on their June 30 remuneration statement (“payment advice”).