SDCERA Hosts 2018 Annual Member Meeting

On July 24, SDCERA hosted its Annual Member Meeting at the County Operations Center. Open to all SDCERA Members, the third annual event featured SDCERA's leadership team discussing recent activities and future initiatives for the retirement association.

CEO David Wescoe introduced SDCERA Board Chair Samantha Begovich, Trustee Bob Goodchild and SDCERA staff. Assistant Chief Investment Officer Tom Williams discussed the preliminary investment return of 7.9 percent for the fiscal year ended June 30, 2018 (FY 2018) and other investment news.

Chief Benefits Officer Jim Lery provided an overview of the activities in the active, retired, beneficiary and benefit systems units within the SDCERA Member Benefits Division. The meeting ended with an informative Q & A session.

Running the Numbers: SDCERA's Retirement Benefit Calculator

Wondering what your SDCERA retirement benefit will be? Fire up the Retirement Benefit Calculator to see how your age, service credit and final average compensation combine to calculate your retirement benefit.

Your age factor is determined by your age at retirement. Service credit is the time you have been an SDCERA Member. Final average compensation is based on either your highest one year of earnings (Tier I and Tier A) or your highest three years of earnings (Tier B and Tier C).

Changing any of these factors will affect your benefit. Plug a few scenarios into the calculator and discover how your retirement date can change your benefit.

Are your Beneficiary Designations Current?

Make sure your SDCERA beneficiary designations are up-to-date because your beneficiary(ies) are entitled to receive certain SDCERA benefits upon your death. If you've married, divorced, or had children, update your beneficiary information by completing a Beneficiary Designation form and submit it to SDCERA. Have questions or need assistance? Contact SDCERA's Member Service Center at 619-515-6800.