Latest News

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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?”

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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!

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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.

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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. 

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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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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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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.

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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.