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Investments and Financials

Overview

Investments and Financials

SamCERA’s Investment Program

SamCERA’s Board of Retirement manages the multi-billion dollar pension trust that funds the retirement benefits for members and their beneficiaries. The Board’s investment strategy reduces the volatility of returns through diversification of the portfolio across a broad selection of asset classes.

The Chief Executive Officer (CEO) hires a Chief Investment Officer (CIO) to advise the Board and to carry out and administer the investment decisions made by the Board.

Additionally, the Board contracts with an investment consultant. The CIO, in conjunction with the investment consultant, makes recommendations to the Board regarding the investment program, its structure, investment products and investment managers.

Overview

Investment Policy

SamCERA’s Investment Policy guides the manner in which the Board of Retirement invests the money in the retirement fund.

Overview

Investment Performance Report

SamCERA’s investment consulting firm prepares a quarterly Investment Performance Report. This report shows where SamCERA’s money is invested, and summarizes the fund’s investment returns. 

Overview

Financial Reports

SamCERA’s financial reports provide in-depth financial, investment, actuarial and statistical information. The reports are prepared in accordance with accounting principles set forth by the Governmental Accounting Standards Board (GASB).

Overview

Actuarial Reports

SamCERA engages an independent actuarial consulting firm to conduct two separate actuarial studies: the actuarial valuation and the triennial report. 

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