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From the CEO...

SDCERA had a great 2017.

The Finance, Communication and Investment teams worked hard to publish the FY 2017 CAFR, which includes our FY 2017 financial statements and an unqualified "clean" opinion by our independent auditors. The CAFR is a great read and highlights many 2017 SDCERA operational successes.

2017 Member outreach reached more Members than ever. Just in December, our retirement seminars reached more than 600 Members.

We are now half-way through the fiscal year, and work is underway on our FY 2018 Action Plan items. Everything we do is focused on improving service to Members: investing in our employees' intellectual capital, improving the Retiree Health Insurance Program, reducing investment expenses, maintaining the integrity and security of Member data and improving administration functions to reduce annual ongoing expenses.

I am excited about these accomplishments and, you should be too. And, there is much to look forward to in 2018.