Active Members Deferred Members Retired Members Beneficiary Benefits
About SDCERA Board of Retirement Investments Finance News & Media
Thinking About Retirement?

Attend a retirement seminar, calculate your benefit, apply for retirement or contact SDCERA's Member Service Center at 619-515-6800.


Next Regular Board of Retirement Meeting

The next regular meeting of the SDCERA Board of Retirement will be held at 9:00 am on Thursday, April 16, 2020.
Click here for more details.


Retiree Health Insurance Program

For information about SDCERA's Retiree Health Insurance Program CLICK HERE.


Are Your Beneficiary Designations Current?

Make sure your SDCERA beneficiary designations are up-to-date because your beneficiaries may be entitled to receive certain SDCERA benefits upon your death. If you have married, divorced or had children, you should update your beneficiary information by completing a Beneficiary Designation form and submitting it to SDCERA.




CORONAVIRUS UPDATES
The SDCERA Call Center (619-515-6800) hours of operation:
Monday - Thursday 10:00 am to 2:00 pm
Friday Closed

This schedule is subject to change at any time.


March Retirement Benefit Payments were paid on Friday, March 20, one week ahead of schedule.
  • Retirees and beneficiaries who receive their monthly retirement benefit via direct deposit should receive their payment by Monday, March 23.
  • Paper checks for those who receive them and Members' earnings statements should be mailed on Monday, March 23.
Member Service

In order to comply with Governor Newsom's Executive Order to "Shelter in Place," SDCERA has made the following operational changes:

  • SDCERA's office, including the Member Service Center, is closed to visitors until further notice.
  • Members can also contact SDCERA and submit forms and information by:
•    Email: msc@sdcera.org
•    Fax: (619) 515-5068
•    U.S. mail: 2275 Rio Bonito Way, Suite 100
San Diego, CA 92108
  • All Retirement Seminars have been cancelled until further notice.

We regret any inconvenience this may cause our Members, but in light of current health concerns, these prudent steps are in the best interests of SDCERA Members and staff.

Please check this website frequently for updates on SDCERA's operations.


Investment Market Volatility and Retiree Benefit Payments

There should be no concern whatsoever of SDCERA's ability to pay retired Members and beneficiaries their monthly retirement benefits. SDCERA's Trust Fund has $11 billion in total assets. Using just 10% of these assets and with regular contributions by the plan sponsors and employees, SDCERA can pay retired Members and beneficiaries for well over a decade. The remaining 90% of Trust Fund assets continue to be prudently invested in well-diversified financial markets and positioned to take advantage of market dislocations.


OTHER NEWS
Nominating Petitions for the Upcoming Board of Retirement Election for Active General Members and Retired Members are Available on March 6.

On May 5, elections will be held for an Active General Member seat, the Retired Member seat and the alternate Retired Member on the Board of Retirement of the San Diego County Employees Retirement Association (SDCERA). The Board of Retirement is SDCERA's governing body responsible for the administration of retirement benefits and the investment of Trust Fund assets.

Any Active General Member can run and vote for the Active General Member seat.

Any Retired Member can run and vote for the Retired Member seat and the alternate Retired Member.

If you want to run, candidate nomination information will be available at the County Registrar of Voters (ROV) office, located at the County Operations Center, beginning on Friday, March 6. Candidate nominating petitions must be signed by at least 40 Active General Members for the General Member seat or 20 Retired Members for the Retired Member seat and the Alternate Retired Member. Petitions must be submitted to the ROV office no later than 5:00 p.m. on April 3.

Election Schedule
March 6 Nominating Petitions available at ROV
April 3 Nominating Petition filing deadline at 5:00 p.m.
April 21 ROV distributes ballots to all SDCERA General Members and Retired Members
May 5 Election Day: Final day to return ballots to ROV
May 8 ROV certifies election winner
July 1 Term begins

If you are an Active Safety Member, you are not eligible to run or vote for in this election. Please disregard this notice.


Board approves cost-of-living adjustments (COLA) for Retired Members

At its February 20 meeting, SDCERA's Board of Retirement approved a 2.5% cost-of-living adjustment (COLA) for Retired Members, effective April 1, 2020.

The 2020 COLA is based on the Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for San Diego area that was 2.35% and then was rounded up to 2.5%.

The actual COLA a Retiree receives depends on their Tier and retirement date.

Tier I, Tier II and Tier A Retirees will receive a 2.5% COLA and, depending on the Retiree's accumulated COLA bank, up to a maximum of 3%.

Tier B, Tier C and Tier D Retirees will receive a 2% COLA because state law limits their COLA to a maximum of 2%. The 0.35% difference between the maximum 2% allowable COLA and the 2.35% actual CPI will be added to these Retirees' COLA bank to be used in future years when their COLA is less than 2%.

For a complete list of COLA rates by Tier and retirement date, please click here.

Members must be retired no later than March 31, 2020 to be eligible to receive the 2020 COLA.
 


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