Latest News

New Member Contribution Rates For FY 2020

Date: Jul 01, 2019 Categories: Actuarial Valuations, Contribution Rates, News Articles

IMPORTANT: These changes only apply to (1) City of San Diego Members and (2) Port Safety Members who were hired after January 1, 2013.   New Member contribution rates went into effect on July 1, 2019 for all City of San Diego Members, and for Port Safety Members hired after January 1, 2013. If you fall into one of these categories, you can view your new contribution rates by going to “Retirement Plan Summaries” and clicking on your employer and date of hire. Most Members will only notice a minor adjustment on their first July paycheck. These Member contributions are the mandatory pre-tax deductions on a Member’s biweekly paycheck that are deposited into the SDCERS Trust Fund, where they earn interest and eventually fund each Member’s individual pension. Contributions are calculated as a percentage of the Member’s pensionable salary. The percentage is determined according to the Member’s plan tier and age of entry into SDCERS. Contribution rates are adjusted by SDCERS’ Board as needed, based on actuarial assumptions and calculations provided by SDCERS’ actuary.   Learn More...

New Contribution Rates for Members

Date: Jul 01, 2018 Categories: Actuarial Valuations, Contribution Rates

Important: These rate changes only apply to active City of San Diego employees, and Airport Authority and Unified Port District employees hired after 2013. New contribution rates went into effect July 1, 2018 for City of San Diego members and Airport Authority and Unified Port District employees hired after 2013. Most members will note only a minor adjustment on their July paycheck. These member contributions are the required pre-tax contributions to the SDCERS trust fund that are deducted from the members' bi-weekly paychecks. Contribution rates are determined by a member's plan tier and age of entry into SDCERS. Contribution rates are based on actuarial assumptions and calculations provided by SDCERS' actuary, Cheiron. To view the contribution rates from Cheiron's Actuarial Valuation for City of San Diego members, click here. For Airport Authority members, click here. For Port District members, click here. Learn More...

Contribution Rates for City Members in Effect July 1st

Date: Jul 01, 2017 Categories: Actuarial Valuations, Board, Contribution Rates, News Articles

Important: These rate changes only apply to City of San Diego members of SDCERS; Unified Port District and Airport Authority members are not affected. New contribution rates went into effect July 1, 2017 for City of San Diego members only. Most members will note only a minor adjustment on their July 28 paycheck.   Learn More...

SDCERS Board Decision on Experience Study and Associated Actuarial Assumptions

At its September 9th meeting, the SDCERS Board of Administration discussed an experience study from the system’s actuary that covered revised economic and demographic assumptions, associated cost implications, and funding alternatives. The Board voted to accept the findings of the experience study and the actuarial assumption recommendations of the actuary. A second and separate Board vote to modify the system’s current funding methodology and to smooth the volatility of future pension contributions did not pass; the vote was 6-4 and a majority of 7 votes was required for the proposal to pass. Learn More...

Contribution Rates for City Members in Effect July 1st

Contribution rates went into effect July 1, 2016 for City of San Diego members only. Most members will note only a minor adjustment. As PEPRA members, the San Diego Unified Port District and San Diego County Regional Airport Authority are not affected. Learn More...

Contribution Rate Adjustments for City of San Diego Active Members

Date: Jan 28, 2014 Categories: Contribution Rates

Beginning July 2014, active SDCERS members from the City of San Diego will experience a decrease in their biweekly contribution rates due to adjustments made to the System’s discount rate, inflationary pay assumptions and multi-year pay freeze agreements made between the City and its labor unions. On average, as a percentage of pay, rates will be reduced by 0.65 percent for General members and reduced by 0.84 percent for Safety members. Learn More...

Board Approves Contribution Rate Changes for City Employees, Effective July 2012

Date: Apr 13, 2012 Categories: Board, Contribution Rates

Active SDCERS Members working for the City of San Diego will see a change in their Member contribution rates beginning in July 2012.  These Member contributions are the required pre-tax contributions to the SDCERS trust fund that are deducted from Members’ bi-weekly paychecks. Contribution rates are determined by a Member’s plan (General or Safety plans) and age of entry into SDCERS.   Learn More...

Contribution Rate Changes Implemented

Date: Jun 14, 2010 Categories: Contribution Rates

City of San Diego employees (excluding those in DROP) may notice a change in their August 20, 2010 paycheck. This change is due primarily to the delayed implementation by the City of San Diego of SDCERS' new contribution rates. The paycheck that employees receive on August 20, 2010 will have a single SDCERS contribution amount which will include the contribution for the August 20, 2010 paycheck and the catch-up correction for the paycheck that employees already received on August 6, 2010. If you have any questions about this, please contact your payroll specialist. Learn More...