Category: General News

  • Cyril Shah Appointed to SCERS Board

    The Sacramento County Board of Supervisors on December 9 appointed Cyril Shah as a trustee to the SCERS Board of Retirement.

    Mr. Shah is the president of Shah Wealth Management and a financial advisor for the global financial services firm Raymond James. His career includes positions at Smith Barney and Wachovia Securities before he founded The Shah Group in 2001 (rebranded as Shah Wealth Management in 2016).

    Mr. Shah has held numerous volunteer positions in the local community, including chair of the PBS KVIE Board of Directors, elected trustee of the American River Flood Control District, chair of the Sacramento Housing and Redevelopment Commission, and as a Sacramento Arts Commissioner. He graduated from University of California, Berkeley.

    Mr. Shah’s three-year term on the SCERS Board begins January 1, 2026. His appointment replaces long-time trustee James Diepenbrock whose term ends on December 31, 2025.

  • SCERS Launches Online Retirement Application

    SCERS is excited to introduce the new Online Retirement Application, now available in the MySCERS Portal. This tool makes applying for retirement easier, faster, and more secure.

    Instead of tracking down forms and mailing paperwork, members can now log into MySCERS, select “Apply for Service Retirement,” and complete the process online at their own pace. The system provides step-by-step guidance, helping to ensure nothing is missed.

    Supervising Probation Officer John Rowland, the first member to use the feature, shared: “The online process
    was a quick, easy, and non-stressful way to complete my application for retirement.”

    Key benefits include:

    • Built-in edits to reduce errors and missing information
    • Secure document upload and confirmation
    • Faster, streamlined processing

    After submitting, SCERS staff carefully review each application. Most members receive their first retirement
    payment within about 45 days (timelines may vary). A benefits specialist will reach out if more information is
    needed, and members will receive updates along the way.

    This launch is part of SCERS’ ongoing effort to modernize member services, with more secure online tools coming soon.

  • SCERS Achieves Strong Investment Returns in Fiscal Year 2025

    The Sacramento County Employees’ Retirement System (SCERS) reported a 10.8% total fund return for the fiscal year ending June 30, 2025, net of fees, exceeding the system’s Policy Index return of 9.9%.

    SCERS has also outperformed its benchmark over the longer 5-year (9.6% vs. 8.9%), and 10-year (8.0% vs, 7.3%) periods, placing SCERS’ performance in the top 26th and 14th percentile among public pension plans over these periods.

    All asset classes generated positive returns for the fiscal year; however, public equities drove returns with SCERS’ Global Equity asset class returning 16.6%. Other strong performing asset classes included Private Equity, Private Credit, and Real Assets.

    “SCERS’ disciplined investment approach, with diversified exposures across both public and private markets, continues to provide strong, stable results for our members,” said Steve Davis, SCERS’ Chief Investment Officer.

    The 10.8% fiscal year return also exceeds SCERS’ 6.75% assumed rate of return that is used to set contribution rates. The 2024-25 returns will accelerate SCERS’ path to full funding, pushing the funded status to approximately 93%. The funded status is a gauge that measures assets against long-term liabilities.

    SCERS ended the fiscal year with approximately $14.5 billion in assets on behalf of more than 32,000 members and beneficiaries.