Latest News

Article

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. 

Article

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. 

Article

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.

Article

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.

Article

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.

Article

SCERS Board To Approve COLA

The SCERS Board will adopt annual cost-of-living adjustments (COLA) for retirees and beneficiaries at the February 2020 Board meeting.

Article

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.

Article

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.  

Article

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.

Article

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.

Article

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.