Annual Reports


The Comprehensive Annual Financial Report (CAFR) provides an overview and analysis of the financial activities of SDCERS. Included in this report are financial statements, investment return analysis, actuarial assumptions and analysis, statistical information, and more.

Below you will find current and past CAFRs. Additionally, you will find the Popular Annual Financial Reports (PAFR), which provide a user-friendly version of this same information in a condensed format.

To obtain a hard copy of the most recent CAFR or PAFR, please contact SDCERS at (800) 774-4977 or (619) 525-3600.