Board Meeting April 15, 2026
2026-04-15 10:00 - 12:00 (America/Los_Angeles) | Board of Supervisors Chambers, 700 H Street, Suite 1450, Sacramento, CA, 95814, United States
Please note the location change.
This meeting will take place at the Board of Supervisors Chambers at 700 H Street.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.
Agenda
Minutes
Item 1 – Call to Order / Roll Call – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3 – Minutes of the March 18, 2026 Regular Meeting
Approve the minutes of the March 18, 2026 Regular Meeting.
Item 4 – Minutes of the March 16, 2026 Audit Committee Meeting
Approve the minutes of the March 16, 2026 Audit Committee Meeting.
Item 5 – Disability Retirement Applications
Adopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Applications:
Item 5A – MCGOVERN, Amber (Human Services Specialist II, Department of Human Assistance): Deny a non-service-connected disability retirement.
Item 6 – Ratification of Service Retirement Application Approvals—March 2026
Ratify the service retirement applications that were finalized in March 2026.
Item 7 – State Association of County Retirement Systems (SACRS) Information
Item 7A – Receive and file the SACRS Legislative Update for April 2026.
Item 7B – Approve nominations for SACRS Board of Directors Elections.
Item 8 – CEO Delegated Authority Expense Report—First Quarter 2026
Receive and file the CEO Delegated Authority Expense Report for the quarter ended March 31, 2026.
Item 9 – Monthly Report of Investment Activity—March 2026
Receive and file the Monthly Report of Investment Activity for March 2026.
Executive Reports
Item 10 – Chief Executive Officer’s Report (no action requested)
Item 11 – Chief Investment Officer’s Report
Receive and file CIO Report for the quarter ended March 31, 2026.
Item 12 – Chief Benefits Officer’s Report (no action requested)
Benefits Matters
Item 13 – Marital Dissolution Policy
Approve amendments to the Dissolution of Marriage Documents Policy, rename to Marital Dissolution Policy, and recommend Board of Supervisors adopt Government Code section 31780.2.
Item 14 – Education: Social Security Integration
Receive and file presentation on history and recent events related to Social Security integration with public pension benefits.
Administrative Matters
Item 15 – Technology Report—First Quarter 2026
Receive and file the Technology Report for the quarter ended March 31, 2026.
Item 16 – Independent Financial Statement Auditor
Authorize the Chief Executive Officer to execute a contract with Crowe LLP for independent financial statement audit services for a five-year term in an amount not to exceed $390,000, as recommended by the Audit Committee.
Investment Matters
Item 17 – Investment Manager Compliance and Watch List Report—First Quarter 2026
Receive and file the Investment Manager Compliance and Watch List Report for the quarter ended March 31, 2026.
Item 18 – Education: Overlay Program and Portfolio Rebalancing
Receive and file the Overlay Program and Portfolio Rebalancing presentations by Staff and State Street Investment Management.
Other Matters
Item 19 – Comments from Members of the Board of Retirement
Closed Session
Item 20 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.
Item 21 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 5, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.
Item 22 – PURCHASE OR SALE OF PENSION FUND INVESTMENTS
Pursuant to Government Code Section 54956.81, this session shall be closed to consider the purchase or sale of particular, specific pension fund investments.
Adjournment​

Retirement Payday
2026-04-30 00:00 - 23:59, 2026-05-29 00:00 - 23:59

Board Meeting May 20, 2026
2026-05-20 10:00 - 12:00 | CalPERS Feckner Auditorium (Lincoln Plaza North), 400 P Street, Sacramento, CA, 95811, United States
Please note the location change.
This meeting will take place at the CalPERS Feckner Auditorium at 400 P Street.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.
Agenda
Item 1 – Call to Order/Roll Call – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3 – Minutes of the April 15, 2026 Regular Meeting
Approve the minutes of the April 15, 2026 Regular Meeting.
Item 4 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:
Item 4A – ANDRADE, Aaron (Deputy Sheriff, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4B – BRADFORD, Lona (Airport Operations Dispatcher, Sacramento County Department of Airports): Grant a service-connected disability retirement.
Item 4C – BUONO, Shannon (Deputy Sheriff Range A, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4D – GRAHAM, Donna (Real Property Appraiser Lv. 2, Sacramento County Assessor’s Office): Grant a service-connected disability retirement.
Item 4E – HER, Johnny (Sheriff Deputy, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4F – MACIEL, Amanda (Sheriff’s Sergeant, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Item 4G – PADILLA, Alejandro (Collection Equipment Operator II, Waste Management and Recycling Department): Grant a service-connected disability retirement.
Item 5 – Ratification of Service Retirement Application Approvals—April 2026
Ratify the service retirement applications that were finalized in April 2026.
Item 6 – State Association of County Retirement Systems Legislative Update—May 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for May 2026.
Item 7 – Portfolio Allocation and Rebalancing Report––First Quarter 2026
Receive and file the Portfolio Allocation and Rebalancing Report for the quarter ended March 31, 2026.
Item 8 – Monthly Report of Investment Activity—April 2026
Receive and file the Monthly Report of Investment Activity for April 2026.
Executive Reports
Item 9 – Chief Executive Officer’s Report (no action requested)
Item 10 – Chief Investment Officer’s Report (no action requested)
Item 11 – Chief Benefits Officer’s Report
Receive and file CBO Report for the quarter ended March 31, 2026.
Administrative Matters
Item 12 – Education: Actuarial Assumptions
Receive and file report on actuarial assumptions and considerations as part of the upcoming Experience Study, as presented by Segal.
Item 13 – Annual Budget for Fiscal Year 2026-27
Approve an annual budget of approximately $24.6 million and 77 positions for fiscal year 2026-27.
Item 14 – Compensation Consultant
Authorize the Chief Executive Officer to execute a contract with CBIZ Compensation Consulting through December 31, 2026, in an amount not to exceed $40,000, as recommended by the Ad Hoc Compensation Committee.
Item 15 – Technology Advisory Support
Authorize Chief Executive Officer to execute a contract with Gartner for independent, technology advisory support through December 31, 2026, in an amount not to exceed $110,000.
Item 16 – Banking and Accounting System Alignment
Receive and file report on timing, strategy, and implementation approach for banking and accounting operations.
Investment Matters
Item 17 – Education: Private Credit
Receive and file presentation on private credit market dynamics, as presented by Cliffwater and Staff.
Item 18 – Total Fund Investment Performance Review Report—First Quarter 2026
Receive and file the performance report for the quarter ended March 31, 2026, as presented by Cerity Partners.
Other Matters
Item 19 – Comments from Members of the Board of Retirement
Closed Session
Item 20 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.
Item 21 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.
Adjournment

Memorial Day
2026-05-25 00:00 - 23:59
SCERS will be closed in observance of Memorial Day.

Joint Retirement Planning Webinar
2026-06-10 10:00 - 12:30, 2026-09-10 10:00 - 12:30, 2026-12-10 10:00 - 12:30
SCERS Joint Retirement Planning Webinars are tailored for members within a few years of retirement and include guest panelists (as available) from Sacramento County Employee Benefits Office, Fidelity Investments, Social Security Administration, MissionSquare Retirement, and Sacramento County Retired Employees Association. These webinars are approximately 2-2.5 hours in length.
Webinars are conducted via Zoom and registration is required.

Audit Committee Meeting June 16, 2026
2026-06-16 10:00 - 12:00 | Sacramento County Branch Center, 4145 Branch Center Road, Sacramento, CA, 95827, United States
This meeting is only in person. If you wish to address the Committee, you can do so during Item 2 of public comments.
Meeting location: Sacramento County Branch Center, 4145 Branch Center Road, Sacramento, CA 95827
Agenda
Item 1 – Call to Order / Roll Call – No Materials
Item 2 – Public Comment – No Materials
Item 3 – Annual Independent Financial Statement Audit Timeline
Receive and file the timeline and audit process related to SCERS’ Annual Independent Financial Statement Audit as of and for the fiscal year ended June 30, 2026, as presented by Crowe LLP.
Item 4 – Agreed Upon Procedure: Employer Reporting—Payroll
Receive and file the Agreed Upon Procedure review for employer payroll reporting performed for the period of July1, 2025 – December 31, 2025, as prepared by Eide Bailly.
Item 5 – Comments from Members of the Audit Committee
ADJOURNMENT

Board Meeting June 17, 2026
2026-06-17 10:00 - 12:00
Please note the location change.
This meeting will take place at the Sacramento Metropolitan Fire at 10545 Armstrong Avenue, Suite 200.
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.
Agenda
Item 1 – Call to Order/Roll Call – No Materials
Item 2 – Public Comment – No Materials
Consent Matters
Item 3 – Minutes of the May 20, 2026 Regular Meeting
Approve the minutes of the May 20, 2026 Regular Meeting.
Item 4 – Disability Retirement Applications
Adopt Staff’s recommendations for the following Disability Retirement Applications:
Item 4A – GREWAL, Ravinder (Sheriff Records Officer I, Sacramento County Sheriff’s Department): Grant a service-connected disability retirement.
Adopt Proposed Decision of Administrative Law Judge for the following Disability Retirement Application:
Item 4B – CASTANON, Gilbert (Assistant Probation Officer, Sacramento County Probation Department): Grant a service-connected disability retirement.
Item 5 – Ratification of Service Retirement Application Approvals—May 2026
Ratify the service retirement applications that were finalized in May 2026.
Item 6 – State Association of County Retirement Systems Legislative Update—June 2026
Receive and file the State Association of County Retirement Systems (SACRS) Legislative Update for June 2026.
Item 7 – 2026-27 Employer Contribution Prepayments
Approve Sacramento County and Sacramento Area Sewer District’s intent to prepay the employer contribution for the 2026-27 fiscal year, and additional Sacramento Metropolitan Fire District unfunded liability payment for 2026-27.
Item 8 – Monthly Report of Investment Activity—May 2026
Receive and file the Monthly Report of Investment Activity for May 2026.
Item 9 – Report of Closed Session Action
Receive and file report of closed session action regarding the purchase or sale of pension fund investments.
Executive Reports
Item 10 – Chief Executive Officer’s Report (no action requested)
Item 11 – Chief Investment Officer’s Report (no action requested)
Item 12 – Chief Benefits Officer’s Report (no action requested)
Administrative Matters
Item 13 – Actuarial Assumptions
Discuss potential actuarial assumption changes, contribution-rate impacts, and considerations as part of the upcoming Experience Study.
Item 14 – Technology Services
Authorize the Chief Executive Officer to extend the contract with QualApps for technology development and advisory services through June 30, 2028, in an amount not to exceed $1.8 million.
Item 15 – Accounting System Software
Authorize the Chief Executive Officer to execute an agreement with Sikich for Microsoft Dynamics 365 Business Central implementation services and first-year software licensing in an amount not to exceed $400,000.
Item 16 – Business Continuity Report
Receive and file Business Continuity Report regarding temporary building closure at 980 9th Street during April-June 2026.
Investment Matters
Item 17 – Alternative Assets Consultant
Authorize the Chief Executive Officer to amend the alternative assets consultant contract with Cliffwater, LLC through June 30, 2028, with expenditures not to exceed $1,000,000 over the two-year period.
Item 18 – Investment Performance Report—Alternative Assets
Receive and file the Investment Performance Report for the quarter ended March 31, 2026 for the Absolute Return portfolio, and the quarter ended December 31, 2025 for the Private Equity, Private Credit, and Real Assets portfolios, as presented by Cliffwater, LLC.
Item 19 – Investment Performance Report—Real Estate
Receive and file Investment Performance Report on real estate investments for the quarter ended March 31, 2026, as presented by Townsend Group.
Other Matters
Item 20 – Comments from Members of the Board of Retirement
Closed Session
Item 21 – CONFERENCE WITH LEGAL COUNSEL—EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(d)(1), this session shall be closed for the Board to discuss formally initiated litigation to which SCERS is a party: SCERS vs. Telus Health (US) Ltd., United States District Court, Eastern District of California, Case No. 2:24-cv-01431-JAM-DB.
Item 22 – PERSONNEL MATTERS—EMPLOYEE DISABILITY RETIREMENT APPLICATIONS
Pursuant to Government Code Section 54957(b), this session shall be closed for the Board to discuss the employment of public employees, specifically, the disability retirement applicants referenced in Item 4, above. This item will be withdrawn in whole or in part if approved on Consent as recommended by staff.
ADJOURNMENT

Juneteenth
2026-06-19 00:00 - 23:59
SCERS will be closed in observance of Juneteenth.

Independence Day
2026-07-03 00:00 - 23:59
SCERS will be closed in observance of Independence Day.

Board Meeting August 19, 2026
2026-08-19 10:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814
If you wish to watch the meeting, you can connect using Zoom here. You can only address the Board in person.

Labor Day
2026-09-07 00:00 - 23:59
SCERS will be closed in observance of Labor Day.

Investment Forum September 15, 2026
2026-09-15 00:00 - 23:59
Meeting location: TBD

Board Meeting September 16, 2026
2026-09-16 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814

Indigenous Peoples' Day
2026-10-12 00:00 - 23:59
SCERS will be closed in observance of Indigenous Peoples’ Day.

Board Meeting October 21, 2026
2026-10-21 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814

Veteran's Day
2026-11-11 00:00 - 23:59
SCERS will be closed in observance of Veteran’s Day.

Board Meeting November 18, 2026
2026-11-18 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814

Board Meeting December 16, 2026
2026-12-16 10:00 - 12:00 | SCERS Board Room, 980 9th Street, Sacramento, CA, 95814

Christmas Day
2026-12-25 00:00 - 23:59
SCERS will be closed in observance of Christmas Day.

New Year's Day
2027-01-01 00:00 - 23:59
SCERS will be closed in observance of New Year’s Day.
