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Information for SDCERS Members Receiving a Pension - Apr 16, 2014
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).  More...
Save the Date: Health Enrollment Help Day - June 18, 2014 - Apr 02, 2014
Eligible retirees wishing to make changes to their health insurance plans are encouraged to save the date for Health Enrollment Help Day on Wednesday, June 18, 2014.  More...
Pension System Actuarial and Investment Strategies Trending Favorably - Mar 20, 2014
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.  More...
SDCERS, City Settle Substantially Equal Lawsuit - Feb 21, 2014
The San Diego City Employees’ Retirement System's (SDCERS) settlement agreement with the City of San Diego in the Substantially Equal lawsuit was approved by Judge Zimmerman.  More...
SDCERS Members Eligible for CalPERS’ Statewide Long-Term Care Program - Feb 07, 2014
SDCERS members are eligible for the California Public Employees' Retirement System’s (CalPERS) revitalized Long-Term Care (LTC) Program now open and available statewide.  More...
1099Rs Mailed to Eligible Members - Frequently Asked Questions - Jan 30, 2014
On January 31, 2014, 1099R’s were mailed to eligible SDCERS members. This notice provides members with additional information to assist in the completion of the Member’s tax returns.  More...
Contribution Rate Adjustments for City of San Diego Active Members - Jan 28, 2014
Beginning July 2014, active SDCERS members from the City of San Diego will experience a decrease in their biweekly contribution rates. Use our calculator to find your new biweekly contribution amount.  More...
14 SDCERS Retirement Basics for (20)14 - Jan 07, 2014
The start of a new year is a great time to make sure you’re on track for a secure retirement.   More...
SDCERS Releases June 30, 2013 Actuarial Valuations - Jan 03, 2014
The San Diego City Employees’ Retirement System (SDCERS) today released its annual actuarial valuations as of June 30, 2013 for the City, Port and Airport.  More...
SDCERS Releases FY 2013 Comprehensive Annual Financial Report - Dec 10, 2013
The San Diego City Employees Retirement System (SDCERS) has released its Fiscal Year 2013 Comprehensive Annual Financial Report (CAFR).  More...
Detroit's Bankruptcy Ruling and its Relevance to SDCERS - Dec 05, 2013
The recent bankruptcy ruling in Detroit has generated considerable speculation about its potential impact on pension benefits for California public employees.  More...
SDCERS, City Reach Agreement on Substantially Equal Lawsuit - Nov 25, 2013
SDCERS today announced it has reached a settlement agreement with the City of San Diego in the Substantially Equal lawsuit.  More...
Substantially Equal Trial Set to Begin in December - Nov 15, 2013
The Substantially Equal trial is set to begin at 8:30 a.m. on December 3, 2013 before Judge Zimmerman in Department 1 of the San Diego Superior Court located on Boardway.   More...
SDCERS Board of Administration Adjusts Discount Rate to 7.25% - Nov 08, 2013
SDCERS Board of Administration today voted to reduce the System’s discount rate to 7.25%, affirming a recommendation by the system’s actuary Cheiron. The Board of Administration approved the new discount rate at its meeting by a vote of 8-4.  More...
SDCERS Announces Final Fiscal Year 2013 Investment Returns of 13.6% - Oct 24, 2013
SDCERS today announced final investment earnings of 13.6% (net of fees) for fiscal year 2013.  More...
How the Affordable Care Act Impacts SDCERS Retirees - Sep 27, 2013
The Affordable Care Act was signed into law in March 2010 to provide access to health care for those who are insured, create a more efficient way to administer health care and contain the growth of future health care costs.  More...
Board of Administration Welcomes James B. Smith III to SDCERS’ Audit Committee - Sep 23, 2013
The San Diego City Employees’ Retirement (SDCERS) Board of Administration has approved the appointment of James (Jim) B. Smith III to the Audit Committee.  More...
Discount Rate Adjustment Proposed for SDCERS - FAQ - Sep 21, 2013
On November 8, 2013, the SDCERS Board of Administration will vote on a proposed discount rate change. The following FAQ was prepared to provide background information in advance of that vote.  More...
Collura to Serve as Ex-Officio, Mayoral Designee on SDCERS Board of Administration - Sep 20, 2013
Natasha Collura has been appointed by Interim Mayor Todd Gloria to serve as the ex-officio, mayoral designee on the SDCERS Board of Administration.  More...
SDCERS Board Approves 13th Check and Corbett Benefits for 2013 - Sep 20, 2013
SDCERS Board of Administration approved the payment of the “13th Check” supplemental benefit and the Corbett settlement benefit to eligible retirees.  More...
Save the Date for SDCERS' Annual Membership Meeting - Sep 05, 2013
Join CEO Mark Hovey and executive staff on Wednesday, October 16, 2013 for a status update on your retirement system. Active, retired and deferred members are encouraged to attend.   More...
Kitrosser Unanimously Elected SDCERS Board President - Aug 20, 2013
The San Diego City Employees’ Retirement System Board of Administration has unanimously elected Edward Kitrosser as Board president.  More...
Hernandez to Serve as Ex-Officio, Mayoral Designee on SDCERS Board of Administration - Aug 07, 2013
The San Diego City Employees Retirement System (SDCERS) today announced that Nelson Hernandez has been appointed by Mayor Bob Filner to serve as the ex-officio, mayoral designee on the SDCERS Board of Administration.  More...
SDCERS Receives Award for Outstanding Achievement in Popular Annual Financial Reporting - Aug 06, 2013
SDCERS has been given the Award for Outstanding Achievement in Popular Annual Financial Reporting by the Government Financial Officers Association (GFOA) for its FY 2012 Popular Annual Financial Report (PAFR).  More...
After DOMA and Prop 8: Impacts of the Supreme Court’s Decisions on SDCERS Benefits - Aug 06, 2013
The U.S. Supreme Court declared the federal Defense of Marriage Act of 1996 unconstitutional in June. On the same day, the Court determined that challenges of the California Supreme Court’s decision on California’s Proposition 8 did not have standing.  More...
IPE: San Diego City backs Europa Capital fund - Aug 06, 2013
San Diego City Employees' Retirement System is to invest in Europa Capital's value-add fund, in the latest example of US institutions targeting European real estate strategies.  More...
SDCERS Preliminary Fiscal Year 2013 Investment Returns Total 13.4% - Aug 01, 2013
The San Diego City Employees’ Retirement System today announced preliminary investment earnings of  13.4% for fiscal year 2013.  More...
City Council Approves Appointments to the SDCERS Board of Administration - Jul 30, 2013
The San Diego City Employees’ Retirement System (SDCERS) has announced the appointment of Jeannie Posner, Athanasios (Thanasi) Preovolos, K. Denise Thompson and the reappointment of Edward Kitrosser to the Board of Administration.  More...
Supplemental COLA Funding for City Retirees Receives Final Approval - Jul 25, 2013
Fiscal year 2014 payment of the Supplemental COLA for eligible City retirees received final approval this week...  More...
New Health Rates in Effect on July Pension Checks - Jul 24, 2013
City of San Diego retirees will note fiscal year 2014 health insurance rates are in effect and reflected on pension checks issued July 31, 2013.   More...
Mayoral Veto of SDCERS Board Appointments Stands, New Candidates Proposed - Jul 23, 2013
Mayor Bob Filner’s veto of the Council resolution confirming his appointment of four Trustees to the SDCERS’ Board of Administration was not overturned today, following a vote by the City Council.  More...
Mayor Vetoes Appointments to SDCERS Board of Administration - Jul 18, 2013
Mayor Bob Filner has vetoed the Council resolution confirming his appointment of four Trustees to the SDCERS Board of Administration.  More...
Substantially Equal Trial Postponed - Jul 03, 2013
Judge Zimmerman granted a postponement of the Substantially Equal lawsuit today, following a request by SDCERS and the City of San Diego.   More...
SDCERS Board Decision on Revised Actuarial Valuation - Jul 02, 2013
At its June 28th meeting, the SDCERS Board of Administration discussed and voted on a revised June 30, 2012 Actuarial Valuation.  More...
Bimonthly Board Meeting Schedule Set to Begin This Fall - Jun 28, 2013
Bimonthly Board Meeting Schedule Set to Begin in November
2013. Learn more..  More...
Mayor Reappoints Morgan and Kitrosser, Appoints Preovolos to SDCERS Board of Administration - Jun 25, 2013
The San Diego City Employees’ Retirement System (SDCERS) today announced the reappointment of Herb Morgan and Edward Kitrosser and the appointment of Athanasios (Thanasi) Preovolos to the Board of Administration.  More...
Supplemental COLA Reserve Fund Continued for City Retirees - Jun 12, 2013
Fiscal 2014 funding for the Supplemental Cost of Living Adjustment (COLA) benefit currently being paid to  approximately 650 City members who retired before July 1, 1982 was confirmed on June 10.  More...
OPEN ENROLLMENT 2013-2014: Four Facts You Should Know - May 30, 2013
Open Enrollment is June 3rd through June 28th. Take a look at these four facts - they’ll help you understand whether or not you need to take action during this year’s open enrollment period.  More...
SDCERS Receives Achievement for Excellence in Financial Reporting Award - May 29, 2013
The Government Financial Officers Association (GFOA) has awarded the Certificate of Achievement for Excellence in Financial Reporting to the San Diego City Employees’ Retirement System.  More...
Cost of Living Adjustment Approved by SDCERS' Board of Administration - May 20, 2013
A Cost of Living Adjustment (COLA) was approved by the SDCERS’ Board of Administration at its May 17, 2013 meeting.  More...
Changes to Methods of Payment for Purchase of Service Credit - May 20, 2013
At its May 17, 2013 meeting, the SDCERS Board of Administration voted to limit the ability to use post-tax payments for Purchase of Service Credit (PSC) contracts except as indicated.  More...
SDCERS Urges You to Protect Yourself Against Pension Income Schemes - May 13, 2013
In recent weeks, you may have seen news articles about schemes that have preyed on retiree pension checks. Learn more..  More...
SDCERS Answers Member Questions - May 08, 2013
SDCERS answers questions submitted by members through the 'Contact Us' page at www.sdcers.org. Submit your questions or comments today.  More...
The Facts on Sub Equal: SDCERS’ Response to City Attorney Goldsmith’s Update “Explaining Substantially Equal” - Apr 29, 2013
In order to provide accurate information to members and the general public, SDCERS offers the following responses to City Attorney Goldsmith’s “update” regarding the Substantially Equal case between SDCERS and the City of San Diego.  More...
Save the Date: SDCERS' Open Enrollment Help Day - June 12th - Apr 22, 2013
Save the Date for SDCERS' Open Enrollment Help Day on June 12th. Open Enrollment is June 3 - June 28, 2013.  More...
SDCERS Welcomes New Board Trustees - Apr 15, 2013
The San Diego City Employees’ Retirement System (SDCERS) today announced the election of James Steel and Jeffrey Wallace, and the re-election of Alan Arrollado, to the SDCERS Board of Administration.  More...
Mayor Filner, SDCERS Urge City Attorney to Drop Frivolous Lawsuit Costing Taxpayers Millions - Apr 12, 2013
Mayor Bob Filner and San Diego City Employees’ Retirement System Board President Herb Morgan today publicly urged City Attorney Jan Goldsmith to drop the City’s lawsuit against the Retirement System, calling the case a waste of taxpayer dollars.  More...
"Sub Equal" Trial Continued to July - Apr 11, 2013
"Sub Equal" Trial Continued to July  More...
Goldsmith Withdraws Motion for Summary Judgment in UAL Substantially Equal Case - Mar 28, 2013
SDCERS today received a Notice of Withdrawal of Motion for Summary Judgment from City Attorney Jan Goldsmith’s office in the UAL Substantially Equal case, effectively demonstrating SDCERS’ strong position in this matter.  More...
SDCERS Thanks Trustees for Service to Board of Administration - Mar 06, 2013
SDCERS’ CEO Mark Hovey last week thanked six Trustees completing their Board terms for their service to the retirement system.  More...
Pensions and Investments: SDCERS Earns 13.9% on Investments in 2012 - Feb 25, 2013
SDCERS earned 13.9% net of fees for the year ended Dec. 31, said Elizabeth Crisafi, chief investment officer.  More...
Be Retirement Ready, Know Your Tier - Feb 24, 2013
SDCERS administers more than a dozen benefit tiers between its three participating plan sponsors. Within those tiers, members are eligible for different options which affect a member's future retirement benefits.  More...
Public Employees Board Issues Ruling on Proposition B - Feb 15, 2013
The Public Employees’ Relations Board (PERB) this week issued its proposed ruling on the unions’ challenge to Proposition B, otherwise known as Comprehensive Pension Reform.  More...
New State and Federal Tax Rates in 2013 - Jan 14, 2013
New California and federal tax withholding rates went into effect January 1, 2013. You may wish to consider having your tax preparer review your withholdings and ensure you are withholding the correct amount.  More...
Five Resources to Learn More About Your SDCERS Retirement Benefits - Jan 13, 2013
Use these five resources to learn more about your SDCERS retirement benefits.  More...
SDCERS Releases 2012 Actuarial Valuations - Jan 11, 2013
The San Diego City Employees’ Retirement System (SDCERS) today released its annual actuarial valuations for the City of San Diego, the San Diego Unified Port District and the San Diego County Regional Airport Authority for the year ended June 30, 2012.  More...
13 SDCERS Retirement Basics for 2013 - Jan 10, 2013
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 Active members and retirees better understand their SDCERS benefits and get ready for retirement in 2013.  More...
10% IRS Penalty for Retirees Who Return to Work - Dec 20, 2012
Starting January 1, 2013, SDCERS will implement an IRS policy that impacts a retirees’ ability to return to employment after retirement. This will impact Members and retirees from all three plan sponsors.  More...
Judge Rules in Support of SDCERS in UAL Substantially Equal Case - Dec 05, 2012
Judge Joseph Zimmerman yesterday ruled in support of the SDCERS in the UAL Substantially Equal case, denying the City of San Diego’s Motion for Judgment on the Pleadings on both procedural grounds and on the merits.  More...
DROP Interest Crediting Rates for Active Participation Accounts and DROP Annuities - Nov 21, 2012
DROP Interest Crediting Rates for Active Participation Accounts and DROP Annuities are set by the Board based on a weighted composite of rates selected by the Board.   More...
California Public Employees’ Pension Reform Act of 2013 FAQ - Nov 20, 2012
The enactment of new pension laws as a result of the California Public Employees’ Pension Reform Act has generated questions from our members. This FAQ will provide additional information on pending changes for current and new members.  More...
Proposition B: Comprehensive Pension Reform (CPR) FAQ - Nov 19, 2012
This FAQ provides an update from the previous edition on the status of the initiative and how the measure affects City of San Diego Member retirement benefits.  More...
SDCERS Now Accepting Nominations for Trustee Elections - Nov 15, 2012
Nominating Petitions will be mailed Nov. 21st to all General and Fire Safety Members in preparation for upcoming elections for three seats on the SDCERS Board of Administration.  More...
13th Check and Corbett for 2012 - Oct 11, 2012
Due to insufficient realized earnings for fiscal year 2012, this year’s 13th Check and Corbett payments to eligible retirees will not be made in November.    More...
SDCERS Membership Eligibility for City Employees Initially Hired on or After July 20, 2012 - Oct 03, 2012
San Diego voter-approved ballot initiative “Comprehensive Pension Reform” (Prop B) provides that, with the exception of sworn Police Officers, City employees initially hired on or after its effective date are not eligible for membership in SDCERS  More...
Herb Morgan Re-Elected As SDCERS Board President - Aug 15, 2012
The San Diego City Employees Retirement System (SDCERS) Board of Administration unanimously re-elected Herb W. Morgan as Board president at its regular meeting August 11, 2012.    More...
SDCERS' Preliminary 2012 Investment Returns Are 0.3% - Aug 14, 2012
The San Diego City Employees’ Retirement System reported preliminary investment returns of 0.3% for the fiscal year ending June 30, 2012.    More...
Information on Proposition B's Effect on Reciprocity - Aug 01, 2012
In response to inquiries from Members regarding Proposition B's effect on reciprocity, SDCERS is posting these FAQs:  More...
SDCERS' Position on Voluntary Brown Act Compliance - Aug 01, 2012
As part of its budget savings efforts, the State Legislature recently suspended the Brown Act mandate for local jurisdictions, including SDCERS.    More...
SDCERS Board Approves Annual Retiree COLA, Effective July 1, 2012 - May 18, 2012
At its May meeting, the SDCERS Board of Administration approved the annual Cost of Living Adjustment (COLA), effective July 1, 2012, to be applied to the retirement benefits of eligible SDCERS retirees.  COLA is also applied to survivor benefits.  More...
Comprehensive Pension Reform Initiative - Prop B - Apr 23, 2012
SDCERS is neither affiliated with nor involved in Proposition B.  Below is a PDF of Proposition B for reference, and a link to a recent related "Latest News" item published on this website.  More...
Board Approves Contribution Rate Changes for City Employees, Effective July 2012 - Apr 13, 2012
Active SDCERS Members working for the City of San Diego will see a change in their Member contribution rates beginning in July 2012.    More...
At City's Request, Actuary Assists IBA in Preparing Cost Analysis of CPR Initiative - Mar 20, 2012
The City’s Independent Budget Analyst requested SDCERS’ Actuary, Cheiron, to provide assistance in preparing a cost analysis of several key components of the Comprehensive Pension Reform (CPR) Initiative.    More...
For Deferred Members: Information on Upcoming Changes to Retiree Health Benefits - Feb 08, 2012
SDCERS recently sent a letter to Deferred Members providing important information about upcoming changes to the City of San Diego’s Retiree Health Benefits.  Click inside for more information.  More...
Latest Actuarial Valuations Set For Discussion At January 20 Board Meeting - Jan 13, 2012
SDCERS' actuary, Cheiron, will be presenting the June 30, 2011 Actuarial Valuations for the City, Port and Airport to the SDCERS Board at its regularly scheduled meeting on Friday, January 20 in the SDCERS Board Room.  More...
SDCERS Board Approves Changes to DROP Interest Crediting Rate - Dec 16, 2011
At its December 16, 2011 meeting, SDCERS' Board of Administration approved staff's recommendation to change the DROP interest crediting rates for DROP Participation Accounts and DROP Annuities, effective January 1, 2012.  More...
Ray Ellis Steps Down as Board President, with Herb Morgan Assuming Leadership Role - Dec 16, 2011
SDCERS’ Board President Ray Ellis formally announced his resignation from the Board effective Friday, December 16.  Ellis cited his upcoming bid for the San Diego City Council’s District 1 seat next year as the reason for his resignation.  More...
Court Issues Ruling on SDCERS' Change of Venue Request for Substantially Equal Case - Nov 15, 2011
In an unpublished opinion filed on November 10, 2011, the Court of Appeals (Court) issued its ruling on SDCERS' Motion to Change Venue in the Substantially Equal Case.  More...
SDCERS' Experience Study Results in Adjustments - Oct 13, 2011
SDCERS' Actuary performs an Experience Study every three to five years to evaluate the entire set of actuarial assumptions used in the valuation process.  More...
Eligible Retirees Will Receive 13th Check & Corbett Benefits for 2011 - Sep 30, 2011
At its September 30, 2011 Board meeting, SDCERS' Board of Administration authorized payment of the "13th check" supplemental benefit and the Corbett settlement benefit to eligible retirees.   More...
City Employees Vote In Favor of Changes To Retiree Health Benefits - Sep 30, 2011
City of San Diego employees who participated in the September retiree health benefits election voted in favor of the proposed changes, in an election conducted by SDCERS on behalf of the City.   More...
City Council Approves Ordinance Removing SDCERS' Authority to Settle Litigation - Sep 15, 2011
The San Diego City Council has approved an ordinance designed to remove SDCERS' constitutional authority to settle litigation without approval of the Council.  More...
Retiree Health Benefits Election - Sep 09, 2011
An election is underway to vote on certain changes to Retiree Health Benefits, as proposed by the City of San Diego. The election takes place from Friday, September 9, through Friday, September 23, 2011.  More...
SDCERS' Commentary on Current Market Conditions - Aug 11, 2011
In light of the market decline and volatility of the past few weeks, SDCERS’ Chief Investment Officer Liza Crisafi provided insight to questions regarding the effect on SDCERS’ investment strategy.    More...
SDCERS' Preliminary 2011 Investment Returns are Highest Since 1987 - Aug 03, 2011
SDCERS reported a 23.8% return on investments for the fiscal year ending June 30, 2011, adding approximately $1 billion to the pension fund and resulting in its strongest performance since 1987.  More...
Settlement Reached in Italiano Case; City Attorney Objects, Responds With Proposed Ordinance - Jul 25, 2011
After significant deliberation, the SDCERS Board of Administration decided that it was in the best interest of the fund and its members to settle the Italiano/MEA legal case rather than incur potentially greater litigation costs.  More...
SDCERS' Retiree Payroll Process Passes Emergency Preparedness Test - Jul 11, 2011
No one likes to think about emergencies and disasters, but it is SDCERS' job to ensure retirees that they will receive their electronic pension payments, even in the event of an emergency with the potential to interfere with our operations.  More...
Deadline Reminder for PSC Corrections - Jun 30, 2011
The deadline for Active City Members who have already received their PSC Correction Options packet is Monday, July 11. This deadline to turn in form(s) was explained in a letter sent to all Active City Members on April 27, 2011.  More...
Open Enrollment for City Retirees - Jun 03, 2011
Open Enrollment for City of San Diego Retirees is June 6 through June 30, 2011. Remember, you do not need to take action if you are not making changes to your plan(s).  More...
SDCERS Receives Ruling Regarding PSC Contracts of Members in DROP prior to November 20, 2007 - Apr 28, 2011
On April 27, 2011, SDCERS received clarification of the Court's order in the PSC litigation. The court ruled that SDCERS must correct affected contracts for those members who entered DROP prior to November 20, 2007.  More...
Members with Affected PSC Contracts Who Entered DROP After Nov. 20, 2007 May Rescind Contracts - Apr 14, 2011
The City has given SDCERS the go-ahead to rescind current DROP contracts of Active Members affected by the PSC litigation, who entered DROP after Nov. 20, 2007, allowing them to work outside of their DROP period to rectify their PSC situation.   More...
Update on Affected PSC Contracts of Active Members "Trapped in DROP" - Apr 12, 2011
The City has filed an opposition to SDCERS' request of the court for a clarification order to exempt from correction affected PSC contracts of those Members who entered DROP prior to November 20, 2007.  More...
Hearing Date Set For Decision Regarding Active DROP Members with Affected PSC Contracts - Mar 22, 2011
A hearing has been set for April 22, 2011, regarding the matter of certain Active DROP Members with affected Purchase of Service Credit (PSC) contracts, related to the PSC Correction process.  More...
DROP Benefit Election Begins March 23, 2011 - Mar 18, 2011
Active City of San Diego employees have received benefit election materials in the mail to vote on proposed benefit changes to the City's Deferred Retirement Option Plan (DROP).   More...
Judge Grants Change of Venue Request for "Substantially Equal" case filed by City of San Diego - Feb 10, 2011
A judge has granted SDCERS' Motion for a Change of Venue to Los Angeles County, in the lawsuit filed by the City of San Diego commonly referred to as "substantially equal."  More...
Recent Actions on PSC Correction Process - Jan 26, 2011
SDCERS recently received notification from the City, regarding City Council's decisions on proposed PSC correction options posed to the Council by SDCERS in November.  More...
DROP Interest Crediting Rate Change for 2011 - Dec 17, 2010
At its December 17, 2010 meeting, SDCERS' Board of Administration changed the DROP (Deferred Retirement Option Plan) interest rates for DROP Participation Accounts and DROP Annuities, effective January 1, 2011.  More...
Eligible Retirees To Receive 13th Check & Corbett Benefits for 2010 - Nov 12, 2010
At its October 1 Board meeting, SDCERS' Board of Administration authorized payment of the "13th Check" supplemental benefit and the Corbett settlement benefit to eligible retirees.  More...
Summary and Frequently Asked Questions Regarding Purchase of Service Credit Ruling - Nov 01, 2010
SDCERS has put together a list of Frequently Asked Questions for Members seeking more information regarding the recent PSC ruling. Click inside for a PDF of that document, which begins with background information on the PSC issue.  More...
SDCERS Accepting Nominations for Trustee Elections - Oct 07, 2010
Nominating Petitions have been mailed to all General, Police Safety and Retired Members in preparation for upcoming elections for three seats on the SDCERS Board of Administration.  More...
Ad Hoc PSC Correction Committee Update - Sep 17, 2010
The Ad Hoc PSC Correction Commitee held its second public meeting Thursday, September 16. The committee voted unanimously to approve SDCERS staff's recommendation to adopt a resolution outlining PSC correction options.  More...
PSC Ad Hoc Committee To Hold Additional Public Meeting - Aug 20, 2010
The PSC Correction Ad Hoc Committee will hold its next public meeting on Thursday, September 16, 2010 from 9:30 to 11:30 am at the Balboa Park Ballroom.  More...
Contribution Rate Changes Implemented - Aug 19, 2010
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.  More...
SDCERS Responds to Grand Jury Report - Aug 18, 2010
The San Diego Grand Jury issued a report on June 8, 2010. Several of the Grand Jury's comments pertained to SDCERS. Click inside to view that report, as well as SDCERS' response.  More...
PSC Ad Hoc Committee Holds Public Meeting - Aug 13, 2010
A PSC Ad Hoc Committee, formed by the SDCERS Board to review the recent ruling on the pricing of PSCs, held a public meeting August 6. Click inside to view the video of the meeting.  More...
Court Ruling on Effective Date of 2005 Benefit Changes - Jul 22, 2010
A recent decision by the San Diego Superior Court has ruled that benefit changes made by the City in 2005 – but which were not codified by ordinance into the Municipal Code until 2007 – have a retroactive effective date back to July 1, 2005.  More...
Contribution Rate Changes For City Employees, Effective July 10, 2010 - Jun 14, 2010
Active SDCERS Members working for the City of San Diego will see a change in their contribution rates beginning July 10, 2010.   More...
SDCERS Board of Administration Names New CEO - Jun 11, 2010
The SDCERS Board of Administration announced that it has named Mark A. Hovey as its new Chief Executive Officer, following a unanimous vote of the Board.  More...
Retirement Board Takes Action on "Substantially Equal" - Jun 02, 2010
The SDCERS Board of Administration recently took two important actions regarding the "substantially equal" language contained in City Charter section 143, following three public sessions in which the topic was discussed and analyzed extensively.  More...
SDCERS Responds to City's Lawsuit on "Substantially Equal" Contributions - May 05, 2010
SDCERS recently received a Petition of Writ of Mandate from the City of San Diego requesting that the Superior Court of California command SDCERS to incorporate an equal share of investment losses into the calculation of City employee contributions.  More...
SDCERS Releases 2009 Annual Report - Dec 29, 2009
SDCERS has released its 2009 Comprehensive Annual Financial Report (CAFR). The CAFR includes financial, investment, actuarial and statistical information about SDCERS and its financial results for the fiscal year ended June 30, 2009.  More...
DROP Interest Update - Dec 11, 2009
On Thursday, December 17, SDCERS Board of Administration approved staff’s recommendation to lower the interest rate on DROP Participation Accounts from 3.54% to 2.9%, effective January 1, 2010. The DROP Annuity Rate will remain unchanged at 5%.   More...
SDCERS Board Names Mark Hovey as Interim CEO - Nov 23, 2009
SDCERS' Board of Administration has appointed Mark A. Hovey as interim Chief Executive Officer. Hovey currently serves as SDCERS' Chief Financial Officer and will become interim CEO effective December 1, 2009.  More...
SDCERS' CEO David Wescoe Resigns - Nov 03, 2009
David B. Wescoe, SDCERS' Administrator and Chief Executive Officer, has informed the Board that he is resigning effective November 30, 2009 to join the Motion Picture Industry Pension and Health Plans as Executive Administrative Director.   More...
SDCERS Holds Annual Membership Meeting - Sep 23, 2009
SDCERS' Annual Membership Meeting was held in Balboa Park on September 22nd. For members who were unable to attend, the full presentation is provided here.  More...
Board Votes Not to Change Actuarial Methods - Sep 18, 2009
At its September 18, 2009 meeting, SDCERS' Board of Administration voted not to change any current actuarial methods for its three plan sponsors. A related press release and memo to the Board is included here.  More...
SDCERS' Mark Hovey Earns CFO of the Year Award - Jul 24, 2009
SDCERS' Chief Financial Officer Mark Hovey recently earned the Government Agency CFO of the Year award from the San Diego Business Journal.  More...
Information Regarding Board's Hearing of Actuarial Implication of FY 2009 Investment Results - Jul 20, 2009
At the July 17, 2009 Board meeting, SDCERS' Board of Administration discussed the actuarial implications of the fiscal year 2009 investment results.   More...
Annual Cost of Living Adjustment for eligible SDCERS retirees effective July 1, 2009 - Jul 01, 2009
A Cost of Living Adjustment (COLA) increase will be applied to the retirement benefits of eligible SDCERS retirees, effective July 1, 2009. Read on for details about the three separate COLA amounts and to which group of retirees they apply.  More...
SDCERS Responds to the City Attorney's DROP Memorandum - Jun 03, 2009
San Diego's City Attorney, Jan Goldsmith, has issued a Memorandum of Law, dated June 1, 2009, that concludes "the ordinance creating DROP never took effect under the San Diego City Charter or even under its own terms ..."  More...
Deadline Reminder - Jun 02, 2009
For members planning to service retire or retire from DROP by June 30, 2009:  SDCERS closes at 5 pm on June 30. Applications must be received & date-stamped prior to 5 pm & your last day on active payroll (including leave time) must be June 29 or prior.  More...
Message from SDCERS' former Board President - Apr 01, 2009
Tom Hebrank, SDCERS' former Board of Administration President, completed his Board term in April. Read Hebrank's farewell remarks to the SDCERS membership here, as well as SDCERS' related press release.  More...
SDCERS Releases 2008 Annual Report - Dec 30, 2008
SDCERS has released its 2008 Comprehensive Annual Financial Report (CAFR). The CAFR includes financial, investment, actuarial and statistical information about SDCERS and its financial results for the fiscal year ended June 30, 2008.  More...
Web Site To Be Temporarily Unavailable - Dec 19, 2008
Please note that, due to a scheduled power outage, the SDCERS web site will be unavailable beginning Friday, December 19, at 6:00 pm until noon on Saturday, December 20. We apologize for any inconvenience this may cause.  More...
David Wescoe Updates City Council on SDCERS - Nov 19, 2008
On Wednesday, November 19th, SDCERS' CEO David Wescoe addressed the San Diego City Council. You may view his report and presentation here.  More...
Final Ruling on PSC Litigation - Nov 13, 2008
The Court issued its final ruling on November 13, 2008. In it, the Court ordered the SDCERS Board to set aside the Board's November, 2007 decision   More...
Court of Appeal Dismisses City Attorney's Appeal in Pension Benefits Case - Nov 13, 2008
The California Court of Appeal, 4th Appellate District, Division 1, has dismissed the City Attorney's appeal in SDCERS vs. City of San Diego, Case No. GIC 841845. Read the press release here.  More...
SDCERS to Recommend Board Authorize Payment of 13th Check & Corbett - Nov 13, 2008
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SDCERS Welcomes New Board Appointees - Oct 17, 2008
SDCERS is pleased to announce the appointments of Mark E. Oemcke and Raymond G. Ellis to the Board of Administration.   More...
SDCERS Commentary on Current Investment Climate - Oct 13, 2008
Unrest in the global financial markets has impacted all investors. However, SDCERS’ long-term investment time horizon allows us to ride out turbulent market cycles, like the one we’re currently experiencing. Click the headline above to read more.  More...
Status of 13th Check and Corbett Payment - Sep 24, 2008
Each year, SDCERS' accounting staff prepares the detailed calculations to determine the 13th Check and Corbett payment amounts in October, and forwards this information to the City Comptroller for review.  More...
SDCERS Maintains Long-Term Investment Focus - Sep 17, 2008
Given recent events in the financial market, the SDCERS Board of Administration issued a press release to address concerns and emphasize its long-term investment strategy. Click the headline above to view/print the press release.  More...
David A. Hall Joins SDCERS Board - Mar 21, 2008
David A. Hall has joined the SDCERS Board of Administration as the Retiree representative, replacing Carmen Lutes.  More...
SDCERS Receives Favorable Determination Letter from IRS - Mar 17, 2008
The San Diego City Employees' Retirement System has received a favorable Determination Letter from the IRS that confirms the System's tax-qualified status.  More...
CEO's Response to City Attorney's Report - Feb 21, 2008
Read David Wescoe's response to City Attorney Mike Aguirre's "Revised Interim Report No. 24" to the people of San Diego.  More...
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