• Feature Story

    SDCERS Recognizes Outgoing Board Trustees
    June 17, 2019

    Serving as an SDCERS Trustee requires expertise, attention and time – with no compensation – and a commitment to delivering accurate and timely benefits to participants and ensure the trust fund’s safety, integrity and growth. Having accomplished this, three SDCERS Board Trustees were recently honored for their service.Board President and Mayoral Appointee Valentine S. Hoy, Mayoral Appointee William W. Haynor and Active Police Safety Trustee Thomas A. Sullivan, who each served two four-year terms, were recognized at the March 10, 2019 Board meeting, and at a send-off event in April. The new Board President will be selected at the July Board meeting. We are excited to welcome Sgt. Louis Maggi as our newly elected Active Police Safety Trustee seat. SDCERS is governed by a 13-member Board of Administration, responsible for the prudent administration of retirement benefits for City of San Diego, San Diego Unified Port District and San Diego County Regional Airport employees, and for overseeing the investment portfolio of the retirement system’s trust fund.

  • Feature Story

    Fiscal Year 2020 COLA & City Retiree Health Open Enrollment Help Day
    June 05, 2019

    At its May 10, 2019 meeting, the Board approved two Cost of Living Adjustments (“COLA”) that will be applied to eligible retirees’ monthly benefit from July 2019 – June 2020. Members whose retirement date is before July 1, 2018 will receive a COLA increase of 2.0%. Members whose retirement date is between July 1, 2018 and June 30, 2019 will receive a COLA increase of 1.9%.  Also, 2019-2020 Health Open Enrollment for eligible City Retirees will run from June 3 – 28, 2019. This year’s Health Open Enrollment Help Day is Friday, June 14 at the Balboa Park Club Ballroom. There will be no formal presentations, but SDCERS staff and representatives from sponsored health plans will be available to answer questions from 10:00 a.m. – noon. You may also submit your enrollment forms directly to SDCERS staff at this event. Click here for more information

  • Feature Story

    City Retiree Health Open Enrollment Kickoff
    May 23, 2019

    2019-2020 Health Open Enrollment for eligible City Retirees will run from June 3 – 28, 2019. The Health Open Enrollment Kickoff is this Friday, May 24 at the Balboa Park Club Ballroom. The event will feature formal presentations by Kaiser, Cigna, SCAN Health Plan, and Sharp from 10:00 a.m. – 10:30 a.m., and retirees will be able to talk to the providers and ask questions until noon. Click here for more information

  • Feature Story

    Fact Check Your Future
    April 02, 2019

    SDCERS administers benefits for more than 20 plan tiers, and you can learn more about YOUR plan by reading the Retirement Plan Summary that corresponds to your employer and hire date. Understand how your retirement contributions are calculated, when you are eligible for a lifetime retirement benefit, and your retirement benefit formula. Invest a few minutes in learning about your retirement future. 

  • Feature Story

    SDCERS' Board Votes to Set Minimum Pension Payments
    January 17, 2019

    At the January meeting, SDCERS' Board of Administration took another important step toward pension stability by voting to set minimum annual pension payments of the Unfunded Actuarial Liability (UAL) for the City of San Diego and the Port of San Diego.

    This minimum payment is also referred to as a "floor," meaning even if the required annual payment is less than the "floor," that minimum amount must be paid each year. The UAL floor payment for the City was set at $275.5 million and $13.3 million for the Port. This is based on the June 30, 2018 actuarial valuations which set the payment amount for the fiscal 2020 payment to the retirement system.

    The new policy increases benefit security and helps the pension fund reach full funding by 2037, several years earlier than anticipated.

    The Board also voted to prospectively limit the long-term impacts of changes to the assumed rate of return (discount rate), retirement rates, and life expectancy assumptions, to a 20-year period from the previous 30-year period.

    A video of the Board discussion and vote is available here.


  • Feature Story

    SDCERS Reports 8.9% Final Investment Return for Fiscal Year 2018
    November 27, 2018

    SDCERS’ Total Fund reported performance of +8.9% net of fees compared to the benchmark of 7.6% and assets topped $8 billion for the fiscal year ended June 30, 2018. U.S. equities were a strong source of value-add during the year, up 16.3% compared to the benchmark of 14.8%.

  • Feature Story

    DROP Interest Crediting Rate Change for 2019
    November 09, 2018

    At its November 9, 2018 meeting, the SDCERS' Board of Administration approved staff's recommendation to change the DROP (Deferred Retirement Option Plan) interest rates for the DROP Participation Accounts and DROP Annuities, effective January 1, 2019.

    The interest rate for DROP Participation Accounts was increased to 2.7 percent. DROP Participation Accounts are the accounts that Active DROP members (those still working) contribute to during their five-year-maximum participation period. The current rate is 2.0 percent, through December 2018.

    The interest rate for a new DROP Annuity was increased to 3.0 percent. A DROP Annuity is a payment option available to DROP participants when they retire from DROP. Under this payment option, retirees receive a monthly DROP payment (annuity) in addition to their monthly retirement benefit (pension). The current rate is 2.8 percent for anyone who enters into a DROP Annuity through December 2018. Important: This has no effect on retirees who have already entered into a DROP Annuity. The DROP Annuity rate is permanent once the annuity disbursement begins.


Latest News

Welcome to Our New Website!
June 11, 2019

Today, after months of planning, SDCERS officially launched its new website! The site has been completely redesigned to simplify and improve navigation so our members can more easily plan for and enjoy retirement. We hope the new format will help you find the information you need easily and more quickly. Check back on our site frequently, as we will continue adding more content, features, and updates. 

As with any new website, there may be a few pieces that need adjustment over the next few weeks. Please participate in our Website Satisfaction Survey  to send us your feedback and let us know if you have any questions or suggestions about the site or if you experience technical difficulty. 

< May
July >

No event found.