News For -
Most City General Members are anticipating significant salary increases, staggered over the next couple of years. You can read about the negotiated increases in the MEA’s article, here. In light of this, we thought it would be helpful to provide a quick review of how “final compensation” is calculated and used in your pension benefit formula.
If you are a City General Member initially hired before July 1, 2009, then your final compensation is your highest one-year pensionable salary, approximately equal to your highest 26 consecutive pay periods prior to your retirement (or DROP entry) date.
If you are a City General Member initially hired on or after July 1, 2009, then your final compensation will be calculated as your highest pensionable salary averaged over three years.
The raises negotiated between the City and relevant labor unions will amount to a compounded total of a 22.8% increase as of July 1, 2025. For the sake of simplicity, let’s assume these negotiated increases are the only changes to your salary between now and your retirement (or DROP entry) date. In order for the full 22.8% increase to be used as your final compensation:City General Members hired before July 1, 2009 must retire or enter DROP on or after July 2, 2026.City General Members hired on or after July 1, 2009 must retire on or after July 2, 2028.To generate a benefit estimate through your Member Portal account that takes into account your future increased salary as discussed in this article, you must first choose a retirement date on or after the date stated above (whichever applies to you based on your hire date), and then override your final compensation on the right side of the calculator accordingly. The easiest way to do that prior to the first increase on July 1, 2023 is to simply increase the “Final Average Salary” that automatically populates on the left side of the calculator by 22.8% and then input that higher number on the right side.
Please see our Benefit Estimate Calculator Fact Sheet for guidance regarding generating estimates and contact our Call Center if you need additional help. Our Call Center can be reached at (619) 525-3600 on regular business days from 9:00 a.m. to noon, and 1:00 to 4:00 p.m.
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For the first time since 2019, this year's SDCERS Annual Membership Meeting will take place in person on October 28th at the Balboa Park Club Ballroom.
The theme of the meeting is aligned with our core values: "A fiduciary builds the strongest trust from bricks of integrity, transparency, and customer service, which is reinforced by accountability and professionalism."
The presenters will include SDCERS’ Board President, Paul Kaufmann; SDCERS’ CEO, Gregg Rademacher; SDCERS’ Deputy CEO, Marcelle Voorhies Rossman; SDCERS’ Chief Investment Officer, Carina Coleman; and SDCERS’ Director of Member Services, Cynthia Queen.Directions: Balboa Park Club Ballroom, 2144 Pan American Road West. Enter Balboa Park from Park Boulevard and turn west on Presidents Way. The Ballroom is located in the South Palisades area of the park, just north of Puppet Theater.
All stakeholders are invited to attend, and no RSVP or registration is required. The meeting will also be video recorded and uploaded to our YouTube channel as soon as it is available. We hope to see you all at this year's meeting!
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City Members hired before July 1, 2005; Port Members hired before October 1, 2005; and Airport Members hired before October 2, 2006 have the option to participate in the Deferred Retirement Option Plan (“DROP”) when they become age and service eligible to retire. You can review our DROP Fact Sheet for more detailed information about this program, but one important aspect of DROP is that when a member enters, they generally must exit and fully retire within five years of their DROP entry date (exception for City firefighters). Many DROP participants elect to stay in DROP and continue working for their plan sponsor for the full five-year period, while many others only stay in for a fraction of that time – it is entirely up to each member if they want to exit DROP early based on their personal circumstances.
That being said, here are a few things to consider before you decide when to enter (and possibly when to exit) DROP, not in any particular order:COLA – The annual cost of living adjustment (“COLA”) applies every July to the monthly pension benefit of every DROP participant who entered DROP by the previous June 30th. The COLA can increase your pension benefit up to 2% in any given year. Therefore, some members intentionally choose to enter DROP on or before June 30th so that their benefit receives the COLA immediately.Note: The Board approves the COLA at its May meeting each year, so you will know what the COLA will be more than a month in advance. However, keep in mind you must enter DROP at the beginning of a pay period, which may not be exactly on June 30th – plan ahead to schedule your DROP entry date accordingly; if you decide you want to enter DROP before July 1st of a given year in order to receive the COLA in July, we recommend submitting your online DROP entry application by early May, so we can schedule your counseling appointment in May or the beginning of June. Don’t procrastinate until the end of June, or you may risk being unable to enter DROP before July! Annual Member Contribution Account Interest – On the flip side, if you enter DROP after June 30th of a given year, your member contribution account receives the annual compounded interest (currently 6.5%), which only applies to members who are not retired or in DROP as of July 1st. While the interested added to your contribution account does not increase your base pension benefit, it will slightly increase your Cost of Living Annuity (“COL Annuity”) and Surviving Spouse Annuity (only applicable if you choose the Maximum Benefit (Single) option). However, this increase is rarely greater than the increase due to the COLA would be, but still something to keep in mind!DROP Account Interest – While you are participating in DROP, your DROP account will receive quarterly compounded interest at whatever the current rate is in effect on the last day of each quarter (DROP interest rates are subject to change each year – new rates are generally announced at the November Board meeting and go into effect the following January 1st).
However, you must be working and participating in DROP on the last day of the quarter in order to receive interest for that quarter, so this is something to consider before deciding when to exit DROP. This also matters when deciding on your DROP entry date because if you enter DROP towards the end of a quarter and stay in for the full five years, you will not receive interest for the last quarter of your DROP participation period (unless you are a firefighter and able to extend your DROP period through the end of the quarter), thereby likely missing out on the last quarter interest payment to your DROP account. For example, if you enter DROP on June 15th and stay in for the full five years, your last day of work must be on June 14th five years later; therefore, your DROP account would not receive interest for the 2nd quarter of that year, since you wouldn’t be working on June 30th.Final Compensation – For those eligible to enter DROP, the “Final Compensation” used to calculate your pension benefit is your highest pensionable salary averaged over 12 consecutive months. If you recently received a salary increase, especially a significant one, you may want to continue working and receiving that higher pay for a while before you enter DROP, in order for the higher salary to be factored into your pension benefit calculation – if you enter DROP shortly after receiving a raise, it won’t significantly increase your pension benefit.
Also, keep in mind that if you have reciprocity with another California public retirement system, the Final Compensation that SDCERS reports to the reciprocal system will be your Final Compensation as of your DROP entry date, not your DROP exit date. This means that even if you receive a salary increase while you are participating in DROP, it will not affect your pension benefit either from SDCERS or the reciprocal system.Birthday – Your retirement factor, another element of your pension benefit formula, is determined based on your plan tier and age at DROP entry, prorated in quarterly increments. When deciding on your DROP entry date, consider your exact age – for example, if your plan tier’s retirement factor increases between 60 and 61, and you enter DROP when you are 60 years and 7 months old, the factor used in your benefit calculation will be slightly higher than what would be used if you retired at 60 years and 5 months old. Therefore, if your tentative DROP entry date is close to your next quarter age, you may want to push your entry date a few weeks so your pension benefit calculation will use that slightly higher retirement factor.DROP Annuity Interest Rate – Finally, the last consideration is only relevant if you are interested in taking the DROP annuity after you exit. (See this article discussing your options regarding how you'd like to receive your DROP account when you exit.) Like the DROP account rate, the DROP annuity rate is subject to change each year, with new rates typically announced at the November Board meeting, which go into effect the following January 1st. Unlike the DROP account rate, your DROP annuity calculation is locked in at whatever the current DROP annuity rate is in effect on the day that you exit DROP. Therefore, in your last year of DROP, if the Board announces in November that the DROP annuity rate is going to decrease in January, you may want to exit by the end of December so your annuity is calculated before the rate goes down. (In this case, don’t forget that your DROP account would not receive 4th quarter interest.) If the annuity rate is going to increase in January, then you may want to wait until after December 31st to exit, so your DROP annuity is calculated at the higher rate.
However, in order to take advantage of the latter situation, you must have the flexibility to do so based on your DROP entry date – for instance, if you entered DROP towards the end of a calendar year and you stay in for the full five-year period, then you will not be able to wait until the following January to exit, even if the annuity rate is going to increase.All of these considerations are important, but must be balanced by your personal circumstances and desires. As you can see, it’s impossible to take advantage of every single factor listed above, because many of them work against each other – for example, if you enter DROP in June, you set yourself up to receive the COLA immediately, but you are sacrificing the 2nd quarter DROP account interest payment in your last year of DROP. If you wait until July to enter, your COL Annuity and Surviving Spouse Annuity (if applicable) will increase, but you won’t receive the COLA until the following July. So on and so forth. If you have any questions about the considerations described above, please contact SDCERS via our Contact Us page or by calling (619) 525-3600 on regular business days between 9:00 a.m. and noon, or 1:00 to 4:00 p.m. (PST).
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SDCERS’ 2022 Summer SCOOP Newsletter has arrived and should hit mailboxes within the next week or so! For members who have not yet retired or entered DROP (including inactive and deferred vested members), a copy of the newsletter will be included in the envelope with your FY 2022 Annual Member Statement. You can also view an electronic version of current and past issues on our website, here. The purpose of our newsletter is to keep you informed about what is currently happening here at SDCERS, along with providing educational content. If you’d like to receive an electronic copy of future SCOOP issues in advance of the mailed copy, you can sign up here.
Along with the Summer Newsletter, SDCERS members who have not yet retired or entered DROP should be receiving their Annual Member Statement in the mail over the next week. This statement contains detailed account information for the fiscal year ending June 30, 2022, which means the information is current as of July 1, 2022. The purpose of the Annual Member Statement is (1) to ensure that your beneficiary designations are correct, and (2) to keep you up-to-date regarding the details of your SDCERS retirement account. You can also access electronic copies of current and past Annual Member Statements via your secure Member Portal account.
A video detailing the contents of your statement is available here.
Please review the information on your statement carefully. If you have questions about the Personal Information listed, please contact your Payroll Specialist or update your information in SAP (or contact your Human Resources office if you are a Port or Airport member).
Contact SDCERS if you have questions or need to update the Member and Contribution Information or Beneficiary Information, or if you believe there is an error in your statement.
If you have questions about your Annual Member Statement, please contact your Payroll Specialist or call the SDCERS Call Center at 619-525-3600, open Monday-Friday from 9:00 a.m. to noon and 1:00 to 4:00 p.m. (PST). And remember, your most up-to-date account information is always available on the SDCERS Member Portal.
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Note: SDCERS does not provide financial planning advice, but offers these general tips for your retirement planning convenience.
Picture yourself as a retiree: Are you relaxing on a beach somewhere, maybe playing a round of golf? Or are you living retirement check to retirement check, worrying about how you’ll make ends meet? Everyone wants to spend their golden years in comfort. Fortunately, there are things you can do at every stage in life to achieve financial peace of mind in retirement.Step 1: Post-Retirement Income
First things first, you’ll need to identify what your income sources will be after you leave the workforce and estimate what your post-retirement income will be. You can estimate your future pension benefit by logging in to your SDCERS Member Portal account. See the Member Portal FAQs for detailed instructions explaining how to generate pension benefit estimates using the Retirement Benefit Calculator on your Member Portal account.
Your primary post-retirement income might be your SDCERS pension benefit – but don’t forget about other possible income streams you may have access to, such as social security benefits, military pension, 401(k), IRA, and other savings accounts or annuities. Maybe you even own a rental property that generates a steady source of income. These are all things to consider before moving on to Step 2.Step 2: Post-Retirement Budget
So you’ve figured out where your money is going to come from, now you have to figure out how much money you’re going to need. A commonly accepted rule of thumb is to plan on needing about 80% of your pre-retirement income if you want to maintain the same quality of life after retirement. For example, if your annual take-home salary is $100,000, you should assume you’ll need at least $80,000 a year after you retire. Of course, this is just an estimate – some of us will need more than 80%, some of us will need less. Either way, taking the time to consider how your expenses will change in retirement will help you create a retirement budget that’s right for you.
Here are some things to consider when deciding how much income you need after retirement:Post-Retirement Activities – Do you plan on traveling the world after you retire? Maybe you want to finally learn how to golf? Or maybe you’d rather sit on your front porch every day and read all the books you never got around to before. Whatever your retirement dreams are, think about the price tag that might come with your new hobbies.
Residency – Where are you going to live? Consider the cost of living and state taxes of wherever you plan on spending the rest of your life.
Housing – Will you rent or buy? If you think you’ll be renting for the rest of your life, don’t forget to account for future rent increases. If you plan on owning a home, include your mortgage payment, property taxes, HOA fees, and homeowner’s insurance payments in your estimated housing expenses. You might be planning on selling your house and downsizing, in which case don’t forget to include the extra proceeds from the sale as income in your budget!
Healthcare – It can be hard to predict how much you will have to pay out of pocket for healthcare after retirement. You should first become familiar with your retiree healthcare plan, whatever that may be. Depending on your health concerns, you might want to purchase supplemental health insurance. Don’t forget you may be eligible for Medicare at age 65, but it isn’t free. Consider the deductible and monthly payments associated with your plan. Also, healthcare costs tend to increase with age, so it’s not a bad idea to overestimate your budget in this area.Once you’ve considered the additional expenses associated with your post-retirement life, add in your regular recurring monthly expenses such as food, toiletries, car payments, insurance, repairs, etc., and don’t be afraid to be overly cautious – it’s always better to end up under budget rather than over. The final number is your income target. Now, you can strategize based on the income sources you identified in Step 1 to ensure you meet that goal. This may include meeting with an SDCERS retirement counselor to figure out when you will be able to retire with a monthly pension benefit that aligns with your post-retirement budget.
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A common question we get from our members is, “when should I retire/enter DROP?” Unfortunately, this is a question we cannot answer for you. What we can do is point out certain factors you should take into account when making this decision for yourself, but ultimately, it is a decision you must make on your own. Here are a few important considerations that may affect your decision:COLA – the annual cost of living adjustment (“COLA”) applies to all retirees’ monthly pension benefit every July 1st and may increase your benefit up to 2%. Some members choose to retire on or before June 30th so that their benefit receives the COLA immediately after their retirement.Annual Interest – on the flip side, some members wait to retire until after June 30th of a given year so that their contribution account receives the annual interest (currently 6.5%), which only applies to members who are not retired on July 1st. The additional interest added to a member’s COL Annuity and Surviving Spouse Annuity contributions may increase their initial benefit calculation even more than the COLA would have, had they retired before July 1st.Salary Increases – did you recently receive a significant salary increase? If so, you may want to continue working and receiving that higher salary for a longer time period before retiring, so that the higher salary is factored into your benefit calculation. Remember, depending on your plan tier, the “Final Compensation” used to calculate your benefit is your highest pensionable salary averaged over either three years or 12 consecutive months. Therefore, if you retire shortly after receiving a raise, it won’t significantly increase your pension benefit.Birthday – your retirement factor, another element of your pension benefit formula, is determined based on your plan tier and age at retirement, prorated in quarterly increments. When deciding on your retirement date, consider your exact age – for example, if your plan tier’s retirement factor increases between 60 and 61, and you retire when you are 60 years and 6 months old, the factor used in your benefit calculation will be slightly higher than what would be used if you retired at 60 years and 5 months old. (Note: Your quarter age is rounded down for the purposes of this calculation.) Of course, all of these considerations must be balanced by your personal circumstances and desires – such as the minimum post-retirement income you can comfortably live with and how much longer you want to continue working.
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When was the last time you thought about your SDCERS beneficiary designations? Over a year ago? Five years? The day you enrolled in SDCERS? Maybe never? Beneficiary designations may seem like a chore you can put off or do once and forget about, but the truth is you should review your beneficiary designations at least once a year to make sure they reflect your current circumstances. For example, beneficiary designations probably aren’t the first thing on your mind when you get married or divorced, have a child, or lose a loved one, but these are all defining life events that may affect who you want to receive your pension benefits when you die.
Active Members (meaning those who are actively employed by the City, Port,* or Airport and contributing to SDCERS, but are not in DROP) are eligible to leave one of three types of death benefits if they die before retiring or entering DROP, and the eligibility requirements are very specific for two of the three types. Importantly, if you die without having designated your surviving spouse as your sole primary beneficiary, then your surviving spouse will not be eligible to receive the lifetime Death While Eligible or Industrial Death Benefit, even if all other eligibility requirements are satisfied. Below is a summary of the death benefits provided to Active Members, but please review the Death Benefits Fact Sheet for more in-depth information.
*General Port employees hired or rehired on or after January 1, 2009 must complete five consecutive years of Port employment after each hire or rehire date before they become Members of SDCERS and are eligible to leave a death benefit.Active Death Benefit – Paid upon the death of a Member who is not yet eligible to retire and whose death is not related to work (or in the event all pre-requisites for the Death While Eligible or Industrial Death Benefit are not satisfied).Death While Eligible Benefit – Paid upon the death of a Member who is already eligible to retire when they die and whose death is not related to work.Industrial Death Benefit – Paid upon the death of a Member whose death is due to work-related causes, as determined by the Workers’ Compensation Appeals Board.(Please review the full article and/or the Death Benefits Fact Sheet for more information about these death benefits.)
As you can imagine, it may take a while to sort out who gets what if you die without updating your beneficiary designations. Luckily, designating a beneficiary is quick, easy, and you can do it from home by logging in to your SDCERS Member Portal account and clicking “Beneficiary Information” from the left menu.
You will be able to name beneficiaries to receive different types of death benefits depending on if you are active, in DROP, or retired. You can designate both a primary and an alternate beneficiary. When you die, your primary beneficiary is first in line to collect the death benefit, while your alternate receives the benefit only if the primary is already deceased. For most death benefits, you can name multiple beneficiaries and designate a specific percentage of the benefit to each person. If you choose to do this, make sure your percentages add up to 100%. Lastly, you may also designate a trust to receive any death benefit that is not a continuance or an annuity. However, you will be required to provide SDCERS with a copy of the trust or certificate of trust.
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If you are considering ending your employment with the City, due to the pending vaccine mandates or for any other reason, please review our Termination & Deferred Membership fact sheet as well as your plan tier’s Retirement Plan Summary, according to your plan sponsor, membership classification, and initial hire date.
Whether you are terminated for cause or voluntarily end your employment, the circumstances surrounding your departure do not affect your eligibility to receive any SDCERS pension benefits to which you are entitled. As long as you accrue enough service credit (including purchased and reciprocal service credit) to meet your plan tier’s minimum eligibility requirements, you can begin receiving your monthly pension benefit as soon as you become age-eligible. Again, please refer to your Retirement Plan Summary for information about eligibility requirements, as they differ according to plan sponsor and plan tier. You can also log in to your Member Portal account to see if you are currently service-eligible and also to use the benefit estimate calculator, which you can use to run different retirement scenarios and see an estimate of what your monthly pension benefit might be according to each scenario.
If you are (or will be) service and age-eligible to retire when you separate employment, and you are not currently participating in DROP, please submit your electronic service retirement application via your Member Portal account ASAP. You must have a counseling appointment and submit your completed, signed retirement application (not the electronic version – the final application you will discuss with your counselor at your appointment) prior to your retirement date. Ideally, your retirement date should be the day after your termination date. However, if your final application is dated and submitted later, the delayed submission will result in missed days of pension payments.
If you are currently participating in DROP, your retirement date will automatically be the day after your termination date – this is true regardless of if you quit your job or if you are fired. You do need to submit an electronic DROP retirement application and meet with a counselor as soon as possible after termination, but this does not necessarily need to happen prior to your termination date. In this case, a DROP retirement application submitted after your termination date will not result in missed days of pension payments, but it could delay your payments altogether until we have received the requisite paperwork from you.
If you are service-eligible, but not age-eligible to retire upon termination, you do not need an appointment just yet – you will become a “deferred vested” member once you separate employment. No matter where you are in the world, you will be eligible to retire and begin receiving your monthly pension benefit when you become age-eligible. Please log in to your Member Portal account a few months before you become age-eligible and submit your service retirement application. Submitting the electronic application will trigger a staff member to contact you and schedule your retirement counseling appointment.
If you are not service-eligible to retire when you terminate employment and you have no intention of establishing reciprocity elsewhere, you should consider your options regarding your member contributions on deposit with SDCERS. You can leave the funds with SDCERS, where they will earn annual interest at the current discount rate every July (the current rate at the time this article was written is 6.5%), or you can withdraw or rollover the funds (including interest) to an eligible account. If possible, it would be best to schedule a retirement counseling appointment prior to your termination, where your counselor will explain your options in more detail. However, please note that our counseling schedule is typically very busy in November and December, so be sure to plan in advance and review the relevant information on our website ASAP. To schedule an appointment due to terminating employment, you can contact our Call Center, open on regular business days from 9:00 a.m. to noon, and 1:00 to 4:00 p.m., at (619) 525-3600.
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Health open enrollment for City of San Diego retirees will run from June 1st through June 30th. As of May 24th, the fiscal year 2022 City retiree health booklets were mailed out to all eligible City retirees and beneficiaries. An electronic version of the booklet is available here, and the health plan comparison chart here. You can also download and complete enrollment forms by visiting the City Retiree Health page. After you’ve completed an enrollment (or disenrollment) form, you must send it to SDCERS by June 30th – we prefer you scan your forms and email them as a PDF attachment to health@sdcers.org, but you may also fax them to (858) 581-5314 or mail them to our offices at:
SDCERS – Health Division
401 West A Street, Suite 400
San Diego, CA 92101
As always, if you do not wish to make any changes to your current healthcare coverage, you do not need to take any action during open enrollment and your coverage will remain the same. There are no new plans this year and no significant changes to existing plans in terms of coverage.
Due to the continuing ban on public gatherings, this year’s open enrollment will similar to last year’s: SDCERS will not be holding in-person open enrollment events, such as the annual Open Enrollment Kickoff or Help Day. Instead, SDCERS participated in a virtual health fair hosted by SDPEBA (San Diego Public Employee Benefit Association), which was held on June 2nd.
Additionally, plan providers once again recorded the presentations they would have given at SDCERS’ live open enrollment events. You can access their videos via this page on our website.
If you are comparing different plans and trying to decide which is best for you, don’t forget about CareCounsel! CareCounsel Member Care Specialists are available for your healthcare inquiries and concerns. You can call them at (888) 227-3334 or e-mail staff@carecounsel.com Monday – Friday, 6:30 a.m. to 5:00 p.m. PST. CareCounsel also provides helpful videos on their website that may answer your questions about Medicare, here: https://carecounsel.com/medicare.html.
SDCERS’ Call Center is open Monday through Friday, from 9 a.m. to noon, and 1 p.m. to 4 p.m., at (619) 525-3600 and (800) 774-4977. Please be patient with our hard-working staff; we are working with limited resources and call wait times may be longer than usual due to an expected increase in health-related calls.
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SDCERS staff is here to assist you – we just can’t see you in person. The Call Center's "new" hours are from 9:00 a.m. to noon, and 1:00 to 4:00 p.m. You can also submit non-urgent questions or concerns via our Contact Us page, and we will respond within one business day.
We appreciate your patience. The majority of SDCERS staff are still required to telecommute and our offices remain closed to members and the public.
Retirement counseling appointments are being held via phone and document signing takes place via email exchange. If you already have a retirement counseling appointment scheduled, you will be contacted in advance with details. If you have recently submitted your online application, you will be contacted soon to schedule your appointment.
If you are thinking about retiring soon, please review the fact sheets, FAQs, and videos on our website, which will help answer many of your questions in advance. Keep an eye out for retirement educational webinars, which are announced periodically via your work email. You can also estimate your future retirement benefit by using the Benefit Calculator on the Member Portal. If you have not already registered on our secure Member Portal, click on “Register” on the Member Portal page and follow the registration instructions.
Once you have reviewed all of the pertinent information, if you want to schedule a retirement counseling appointment, you must submit an online retirement application through your Member Portal account by clicking “Online Applications” on the left panel. Keep in mind this electronic application is not final – your submission simply prompts us to contact you to schedule a counseling appointment.
CITY RETIREE HEALTH REIMBURSEMENTS: City Retiree Health Reimbursement requests are being processed as usual. For fastest processing, submit your documents via email (attached as a PDF) to health@sdcers.org. Do NOT use health@sandiego.gov, as this email no longer forwards to health@sdcers.org. Please ensure you have submitted complete documents – we continue to receive incomplete submissions, which cannot be processed and result in delayed reimbursements.
Note: If you are using an Apple product to send the email, in Mail, please select "Format" and click on "Make Plain Text" - we've received reports of emails not getting through our firewalls if this extra step isn't taken when using an Apple product. Alternatively, you may fax your documents to (858) 581-5314, or mail them to our office at 401 West A Street, Ste. 400, San Diego, CA 92101.
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SDCERS staff is here to assist you – we just can’t see you in person. Our Call Center hours will be adjusted this week for training, as we seek the best ways to serve our members during this challenging time.
Tuesday, July 14 10 a.m. to noon, and 2 p.m. to 4 p.m.Wednesday, July 15 10 a.m. to noon, and 2 p.m. to 4 p.m.
Beginning Thursday, July 16th, the Call Center will be open on the regular schedule, from 9:00 a.m. to noon, and 1:00 to 4:00 p.m. You can also submit non-urgent questions or concerns via our Contact Us page, and we will respond within one business day.
We appreciate your patience. The majority of SDCERS staff are still required to telecommute and our offices remain closed to members and the public.
Retirement counseling appointments are being held via phone and document signing takes place via email exchange. If you already have a retirement counseling appointment scheduled, you will be contacted in advance with details. If you have recently submitted your online application, you will be contacted soon to schedule your appointment.
If you are thinking about retiring soon, please review the fact sheets, FAQs, and videos on our website, which will help answer many of your questions in advance. Keep an eye out for retirement educational webinars, which are announced periodically via your work email. You can also estimate your future retirement benefit by using the Benefit Calculator on the Member Portal. If you have not already registered on our secure Member Portal, click on “Register” on the Member Portal page and follow the registration instructions.
Once you have reviewed all of the pertinent information, if you want to schedule a retirement counseling appointment, you must submit an online retirement application through your Member Portal account by clicking “Online Applications” on the left panel. Keep in mind this electronic application is not final – your submission simply prompts us to contact you to schedule a counseling appointment.
CITY RETIREE HEALTH REIMBURSEMENTS: City Retiree Health Reimbursement requests are being processed as usual. For fastest processing, submit your documents via email (attached as a PDF) to health@sdcers.org. Do NOT use health@sandiego.gov, as this email no longer forwards to health@sdcers.org. Please ensure you have submitted complete documents – we continue to receive incomplete submissions, which cannot be processed and result in delayed reimbursements.
Note: If you are using an Apple product to send the email, in Mail, please select "Format" and click on "Make Plain Text" - we've received reports of emails not getting through our firewalls if this extra step isn't taken when using an Apple product. Alternatively, you may fax your documents to (858) 581-5314, or mail them to our office at 401 West A Street, Ste. 400, San Diego, CA 92101.
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If this is you, we are glad that you’re ready to retire or enter DROP. However, there are a few things we want you to know right now:Before the coronavirus outbreak, our retirement counselors were booked two months in advance and our Call Center received more than 100 requests each day.Retirement appointments are now conducted via phone, and documentation is shared via email.Most of our staff is telecommuting and SDCERS' downtown office is closed to members and the public. If you want to retire now, you must submit your application online via the secure Member Portal.If you need assistance with your Member Portal account, send a message through our Contact Us page.This electronic application is not final – you will be able to make changes during your phone appointment before you sign and submit. If you want to enter DROP immediately and already had an appointment scheduled, you will be contacted.If you are just thinking about entering DROP or retiring soon and have questions, please utilize the resources on our website.We have several fact sheets as well as FAQs that will answer all of your general questions.City employees may register to attend one of our upcoming webinars. We hold at least three webinars or seminars per month. The April and May webinars are currently full, but we will be announcing additional webinars in the coming weeks.
For specific questions about your retirement account, please send us a message through our Contact Us page SDCERS cannot provide personalized benefit estimates on request – please use the Benefit Estimate Calculator tool in your Member Portal account for this.
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UPDATE: THE SEPTEMBER SEMINAR IS NOW FULL. WE WILL ANNOUNCE THE DATES OF FUTURE SEMINARS AS THEY ARE SCHEDULED.
Attention All Active City Members:
Registration is now open for SDCERS’ upcoming pre-retirement seminar, which will be held on September 11th at 2:30 p.m. in SDCERS’ Board room (401 West A Street, Third Floor, San Diego, CA 92101). At this educational seminar, SDCERS staff will walk you through your retirement benefits and help you plan for the future.No matter how old you are, it’s never too early or too late to start thinking about your retirement goals and making plans so that you can meet those goals. Space is limited, so please call SDCERS as soon as possible to register, at (619) 525-3600. Additional pre-retirement seminars and DROP entry seminars will be held in the future, so if you miss this one, you can plan to attend next time.
NOTE: You must attend a pre-retirement seminar before attending a Deferred Retirement Option Plan (“DROP”) entry seminar.
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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.
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Nearly 125 active and retired members attended the 2016 Annual Membership Meeting on October 14 to get an update on pension news, investments and benefits from executive staff. If you were unable to attend, you're encouraged to watch the video by clicking here.
View the slide presentation here.
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As part of SDCERS Retirement Readiness campaign and our ongoing commitment to customer service, all members who have not yet retired will soon receive an Annual Member Statement. The purpose of the statement is to ensure that you are informed of the details of your SDCERS retirement account. Once you receive your Annual Member Statement, we encourage you to watch this video to learn all about them.
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A new year is upon us. Have you considered your resolutions? Here are several quick ideas to jump start your Retirement Ready resolution.
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As part of SDCERS Retirement Readiness campaign and our ongoing commitment to customer service, all members who have not yet retired will soon receive an Annual Member Statement. Learn More...
The San Diego City Employees’ Retirement System (SDCERS) today announced its Board of Administration and Business and Governance Committee meetings will be streamed live on its website beginning November 2014. Learn More...
If you were unable to attend the SDCERS Annual Membership Meeting, you're encouraged to watch the video. Learn More...
SDCERS is offering members that head start opportunity with two Pre-Retirement seminars for City of San Diego employees in November and December. Learn More...
SDCERS encourages you to attend the 2014 Annual Membership Meeting being held at 11 a.m. on Monday, October 27 in Balboa Park. The Annual Membership Meeting is a great opportunity for Active, Retired and Deferred Vested members (and spouses) to learn about the financial health of the pension system. Learn More...
SDCERS has been given the Award for Outstanding Achievement in Popular Annual Financial Reporting by the Government Financial Officers Association for its FY 2013 Popular Annual Financial Report. Learn More...
The San Diego City Employees' Retirement System (SDCERS) today launched its new website, www.sdcers.org, incorporating a new look, improved navigation and interactive tools to help members plan for and enjoy retirement. Learn More...
SDCERS' new, enhanced Member Portal is now available!
Register today to take advantage of the new tools and features available to help you prepare for and enjoy retirement. Beginning June 9th, you will simply need to re-register on the new Portal to take advantage of the latest interactive and easy-to-use online tools to manage your benefits – at the highest level of security. Learn More...
This information explains the reasons that, for some SDCERS members, the annual Form 1099-R you receive is issued as “Taxable Amount Not Determined” and the amount in Box 2a of the form is reported as $0.00 (zero). Learn More...
There is no shortage of news media coverage focused on how public pension funds, in California and across the country, are yielding significant investment returns while simultaneously growing liabilities even faster. Learn More...
The start of a new year is a great time to make sure you’re on track for a secure retirement. Below are 14 important terms and resources to help City of San Diego, Unified Port District and Airport Authority active, deferred members and retirees better understand their SDCERS benefits and get ready for retirement in 2014. Learn More...
The recent bankruptcy ruling in Detroit has generated considerable speculation about its potential impact on pension benefits for California public employees. SDCERS expects no immediate threat to member pension benefits as a result of the Detroit ruling, nor is there any indication of such a threat in the foreseeable future. Learn More...
The AffordableCareAct (ACA) was signed into lawin March 2010 to provide access to health care for those who are uninsured, to createamoreefficient wayto administerhealthcareand to contain the growth of futurehealth care costs.Thereareanumberof ways that this isbeingdone,but one in particularthat directly impacts SDCERS retirees at this time. SDCERS’ retirees are required to have access toinformationabout thenewHealthInsuranceMarketplacein preparation fortheIndividual Mandate requirement ofthelaw. Learn More...
In recent weeks, you may have seen news articles about schemes that have preyed on retiree pension checks. This practice involves selling your future stream of monthly pension checks in exchange for a lump-sum payment now. Learn More...
Do you have a question or comment about your SDCERS retirement benefits? SDCERS' Retirement Counselors answer questions submitted through the 'Contact Us' page here daily. Learn More...
SDCERS administers more than a dozen benefit tiers between its three participating plan sponsors – the City, Port and Airport. Within those tiers, members are eligible for different benefit options which affect member contribution rates, retirement eligibility and future retirement benefits. Learn More...
Use the following five resources to learn more about your SDCERS retirement benefits. Learn More...
The start of a new year is a great time to make sure you’re on track for a secure retirement. Below are 13 important terms and resources to help City of San Diego, Unified Port District and Airport Authority Active members and retirees better understand their SDCERS benefits and get ready for retirement in 2013. Learn More...
Starting January 1, 2013, SDCERS will implement an IRS policy that impacts a retiree's ability to return to employment for the same plan sponsor after retirement. This will impact Members and retirees who perform work after January 1, 2013 from all three plan sponsors - the City of San Diego, the San Diego County Regional Airport Authority (Airport) and the Unified Port of San Diego (Port). Learn More...