San Mateo County Employees' Retirement Association

 

 

Service Purchase Dates (07/26/2010)

November 11, 2010 - last day to request purchase

December 9, 2010 - day to have money and/or contract in to the office


Contribution Rates for 2010-2011 Posted (07/15/2010)

Contribution Rate 2010-2011 (PDF)


Securities Litigation RFP Posted (05/20/2010)

Securities Litigation RFP (PDF)


2010 Cost of Living Adjustment (COLA) Information updated (03/30/2010)

2010 COLA


March 2010 SamCERA Times Newsletter (for Active members) Posted (03/01/2010)
You can find this and other newsletters in the newsletters section

2010 March


 
What's New!

SamCERA Board

Directions
100 Marine Parkway,
Suite 125
Redwood Shores, CA
94065-5208

Pony: RET141

(650) 599-1234 Tel
(650) 591-1488 Fax

 



SamCERA’s Financial Education Program

SamCERA has partnered with Financial Knowledge Network to provide financial education to members. Financial Knowledge Network is well known and respected throughout the industry for providing ‘conflict free’ education. This means the instructors will not offer to sell financial products or their services to students of their classes. Both SamCERA and Financial Knowledge Network believe that this approach eliminates the stress on all parties that is very often a barrier to learning.

Throughout the year, classes will be offered in various topics such as estate planning, tax planning, selecting stocks, and managing your own portfolio. For a complete listing of course offerings, dates and times and course descriptions, log in to the Learning Management System (LMS)

Register



SamCERA on LinkedIn

We're on the Map

Google QR Code

Google maps


 


Highlights

The Economy, SamCERA and You
Should I be concerned for my benefits or my member account due to the current economic crisis?

NO.
Both your SamCERA benefits and your SamCERA account balance are protected against any declines due to the economic crisis.

SamCERA benefits are NOT based on investment earnings.
At retirement your benefit will be calculated based on a formula that uses your years of service as a member of the system, your final average salary, and your age.
(Go to SamCERA.org to estimate your benefit at various years of service, final average salaries and ages.)
Your benefits are guaranteed by your employer, the county of San Mateo. They do not fluctuate with the earnings or losses in the stock market or the strength or weakness of the economy.

Your SamCERA account balance cannot be reduced.
Your account earns interest based on the earnings of the fund and the fund’s assumed earnings rate. No matter what happens to the markets, your account will never decline nor will it be credited with more than the assumed rate (currently 7.75%) for any fiscal year. Your account will always be equal to your contributions plus the interest credited. The main use of account balances is for payouts to members who terminate. If you earn a lifetime retirement benefit, it will not be based on your account balance (see above).

But doesn’t SamCERA need investment earnings to pay benefits?

SamCERA’s goal is to earn an average of 7.75% over a long period of years. So while the fund lost value (-7.65%) in the 2007-2008 fiscal year and more during the first few months of the current fiscal year, over the three previous fiscal years the fund has had an average investment return of more than 14%.
The Retirement Board maintains a diversified portfolio of domestic and international equities along with fixed income and real estate investments. The board, investment staff and investment and actuarial consultants expect the fund to continue to earn its assumed return of 7.75% over the long term.
But to reiterate the main point of this flyer, your retirement benefits are guaranteed by your employer, regardless of the earnings or losses of the retirement fund.


SamCERA Education Information
SamCERA has created an education section on the website, with more information on SamCERA's educational offerings, such as workshops, seminars, and online videos.

Education


Introducing Your SamCERA Retirement Plan (Video)
SamCERA has posted a 15 minute video introducing your retirement plan, please take a look when you get a chance.

Orientation Video


Online Member Statements
Print your member statement online now. Available through Web Member Services. Web Member Services is only availble through the county intranet (not Internet) at:
https://retweb.co.sanmateo.ca.us

Benefits Estimator
SamCERA has an online benefits calculator available, which incorporates the new formulas into the equation. Select it from the menu.