Latest News
Update on Supreme Court Opinion: Notice to Members
This notice concerns amendments to SCERS’ Final Compensation Review Policy that could impact the calculation of your retirement allowance.
SCERS Closed to Public; Drop Box Available
The SCERS office remains closed to members and the public through
the month of February to help prevent the spread of
COVID-19.
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.
SCERS’ First Animated Video is Here!
SCERS is pleased to roll out the first in a series of animated videos designed to help our members better understand their journey toward retirement.
SCERS Lowers Long-Term Investment Assumption to 6.75%
The SCERS Board of Retirement adopted new actuarial assumptions that will be used to set contribution rates beginning in July 2021 to keep funding on track and benefits secure for the system’s 25,000 members and retirees.
SCERS Closed for Memorial Day
In observance of Memorial Day, SCERS and all other Sacramento County agencies and offices will be closed on Monday, May 25, 2020.
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.
COVID-19 Updates
All SCERS’ COVID-19 updates for members are now compiled and located on this page.
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.
SCERS Holiday and Payment Calendar is Here
SCERS benefits are paid on the last working day of every month. For your convenience, we have provided a calendar of pay dates and Sacramento County holidays.
SCERS Closed for Presidents’ Days
SCERS will be closed for Lincoln’s Birthday on Wednesday, February 12 and Washington’s Birthday on Monday, February 17. Happy Presidents’ Days!
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.
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.
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.
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.
Retirement Board Election Results
The Sacramento County Department of Voter Registration and Elections announced election results on October 11, 2019, for three seats on the SCERS Board.
View the Retirement Board Election page for details.
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.
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.
2019 Annual Report: Strategic Management Program
The Strategic Management Program improves the maturity of SCERS’ strategic management capabilities with the introduction of improved processes for ownership of goals, objectives, implementation actions, performance tracking/measurement, and integrated risk management.
The following six goals guide our continuous improvement:
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.