2019

SDCERS Recognizes Outgoing Board Trustees

Date: Jun 17, 2019 Categories: Board

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. More...

Welcome to Our New Website!

Date: Jun 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.  More...

Fiscal Year 2020 COLA & City Retiree Health Open Enrollment Help Day

Date: Jun 05, 2019 Categories: Board, COLA, News Articles, Open Enrollment, Press Release

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 More...

City Retiree Health Open Enrollment Kickoff

Date: May 23, 2019 Categories: Open Enrollment

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 More...

Seeking Proposals for Tax Counsel

Date: May 13, 2019 Categories: RFP

SDCERS invites experienced attorneys and law firms to respond to the Request for Proposal to provide tax-related legal services. These legal services include providing timely training and legal advice to Board and staff; presenting to the Board on tax matters, and representing SDCERS in tax matters. The deadline to submit proposals is June 7, 2019, and applicant questions are due by May 24. For details, read the Request for Proposal. More...

Fact Check Your Future

Date: Apr 02, 2019 Categories: Retirement Resources

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.  More...

Member Portal Unavailable April 1, 2019

Date: Mar 27, 2019 Categories: Member Portal

ATTENTION! Please note we are closed April 1, 2019. In addition, on April 1, 2019 we will be conducting website maintenance. Our website, The Member Portal, and phones will be unavailable. We will resume regular business on April 2, 2019. More...

SDCERS' Board Votes to Set Minimum Pension Payments

Date: Jan 17, 2019 Categories: Actuarial Valuations, Board, News Articles, Pension, Press Release

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.   More...