PENSION FUND STATUS REPORT
The SBCERS Trust has experienced a solid recovery since the 2008-2009 market declines. This is due in part to the long-term strategy of the Fund which is established by the Retirement Board. The Fund reached a value in plan assets of $ 2.5 billion in July, 2014. The attached chart illustrates the value of the SBCERS Pension Fund over the past decade. No one can guaranty future performance; although the Fund’s past 10-year track record is commendable. SBCERS is confident in the Fund’s ability to provide for member’s benefits over the long term.
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Board of Retirement Meeting September 24, 2014
CEO RecruitmentSBCERS is currently conducting a recruitment for the position of CEO. More information regarding the position and the process for application can be obtained at the following link:Alliance Resource Consulting
2014 Notice of Election for General, Retired & Retired Alternate Members of the Board of Retirement
Announcement ofInterim CEO Appointment
SBCERS Retirement Board Seats
The Board of Supervisors appointed Janet Wolf to a second term as an appointed Retirement Board member. Her term is effective January 1, 2014, and runs until December 31, 2016.
In 2014 elections will be held for one general member seat and the two retiree seats (one of which is an alternate seat). Each of these elections are for terms effective January 1, 2015 and run for three years. The Board of Supervisors has a vacant seat to act upon. The current term is effective immediately and runs until December 31, 2014. The full three-year term for this seat is effective January 1, 2015.
Information Regarding Release of Retiree Records:Legal OpinionAccessibility of Records Policy
SBCERS Comprehensive Annual Financial Report ("CAFR") Fiscal Year Ended June 30, 2013
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