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San Mateo County Employees' Retirement Association
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Are you getting ready to retire?
There are some important things inactive members should know about retirement

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Learn more about your COLA
Get this year's cost-of-living adjustment (COLA), plus find out how COLA is calculated

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About SamCERA

News

Overview

News

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Board of Retirement Investment Information
2025 April Board Meeting

At its meeting on April 22, 2025, the Board of Retirement approved a $60 million commitment to Diameter Dislocation Fund III, L.P. as part of SamCERA’s opportunistic credit portfolio within the Growth category.

No further board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2025 March Board Meeting

At its meeting on March 25, 2025, the Board of Retirement approved a $35 million commitment to Public Pension Capital, LLC as part of SamCERA’s Buyout portfolio within Private Equity under the Growth category.

The Board also approved a $15 million commitment to DCVC VII, L.P. as part of SamCERA’s Venture Capital portfolio within Private Equity under the Growth category.

No further board action was taken related to SamCERA’s investment commitments or hires.

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Request for Proposal: Technology Modernization Project Manager
SamCERA seeks qualified project management consulting firms to facilitate the modernization of SamCERA’s Pension Administration Software System, focusing on efficiency, automation, and improved data management processes

SamCERA is soliciting proposals from qualified project management firms to help SamCERA undertake a comprehensive system-wide project to overhaul and update its current pension administration software system and document management system.

Announcement

Notice of Election
This June, SamCERA will hold an election for the Retired Member and Alternate Retired Member board seats. Read the election notice for important dates and how to file as a candidate.

 

SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
(SamCERA)

NOTICE OF ELECTION
TO ELECT A RETIRED AND AN ALTERNATE RETIRED MEMBER TO THE BOARD OF RETIREMENT

Notice is hereby given that one RETIRED MEMBER is to be elected to fill the eighth position on SamCERA’s Board of Retirement. An ALTERNATE RETIRED MEMBER will also be elected. 

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Board of Retirement Investment Information
2025 February Board Meeting

At its meeting on February 25th 2025, no reportable board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

Announcement

COLA Increase for 2025
At its January 28, 2025 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries that will begin with the April 2025 benefit payment.

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Board of Retirement Investment Information
2025 January Board Meeting

At its meeting on January 28, 2025, the Board of Retirement approved a $40 million commitment to 400 Capital Asset Based Term Fund IV, as part of SamCERA’s opportunistic credit portfolio within the Growth category.

No further board action was taken related to SamCERA’s investment commitments or hires.

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Compensation Limits for 2025
Learn about updated compensation limits in 2025 for Plan 7 members, and the 2025 IRS compensation limit for members hired after July 1, 1996.

“Compensation limits” do not refer to restrictions on the amount of salary your employer can pay you.  Rather, this term refers the maximum amount of compensation SamCERA can take into account when determining your contributions and calculating your monthly pension benefit under your retirement plan.

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Retirees: 2024 Tax Forms Are Available Now
1099-R Annual Tax Reporting Statements have been mailed and are available online now.

1099-R tax forms have been mailed to the addresses we have on record for retirees and beneficiaries. This form contains essential tax information including reportable income, taxable income, federal taxes withhold, and California state taxes withheld, if applicable.

Access Your 1099-R Online

Follow these steps to view and print your 1099-R online or use the 1099R Quick Reference Guide:

Announcement

2025 Service Purchase Schedule
There are two separate periods of time during 2025 to make service purchases.

Depending on your circumstances, you may be eligible to purchase service credit that can count toward your total years of service and may increase your retirement benefit. 

Purchase Request forms may be submitted for the purchase of Extra Help time, Plan 3 and Plan 5 service upgrades, certain military leave, unpaid sick leave, and parental leave. Returning SamCERA members can also make a Purchase Request for a redeposit of withdrawn funds. 

Announcement

SamCERA Holiday Closure
SamCERA will be closed from December 25 – January 1 for the Holidays and Winter Recess. Happy Holidays and Happy New Year from SamCERA!

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Board of Retirement Investment Information
2024 December Board Meeting

At its meeting on December 3, 2024, no reportable board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2024 November Board Meeting

At its meeting on November 5, 2024, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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2024 Annual Comprehensive Financial Report (ACFR)
The 2024 ACFR has been approved by the Board of Retirement. This report provides detailed information about SamCERA’s finances, investments, and the pension plan’s funding status including assets, liabilities, and funded ratio.

The 2024 ACFR has been approved by the Board of Retirement. This report provides detailed information about SamCERA’s finances, investments, and the pension plan’s funding status including assets, liabilities, and funded ratio. The report is provided here for your convenience and available online at www.samcera.org/2024ACFR.

Announcement

Notice of Special Election
Next January, SamCERA will hold an election for the General Member, third seat on the Board of Retirement. Read the election notice for important dates and how to file as a candidate.

 

SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
(SamCERA)

NOTICE OF SPECIAL ELECTION
TO ELECT A GENERAL MEMBER TO THE BOARD OF RETIREMENT

Notice is hereby given that one GENERAL MEMBER is to be elected to fill the unexpired term and subsequent full term for the third position on SamCERA’s SamCERA’s Board of Retirement at a special election to be held on January 13, 2025.

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Board of Retirement Investment Information
2024 September Board Meeting

At its meeting on September 24, 2024, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Upcoming Road to Retirement Seminar
Members with at least 5 years of service credit are invited to register for the next Road to Retirement seminar on November 21st. Space is limited, so sign up now!

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Board of Retirement Investment Information
2024 August Board Meeting

At its meeting on August 27, 2024, the Board of Retirement approved a $60 million commitment to GoldenTree Asset Management Master Fund Select Strategy, as part of SamCERA’s opportunistic credit portfolio within the Growth category.

The Board also approved a $20 million re-up commitment to Summit Partners Growth Equity Fund XII L.P., as part of SamCERA’s Venture Capital portfolio within Private Equity under the Growth category.

No further board action was taken related to SamCERA’s investment commitments or hires.

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Board of Retirement Investment Information
2024 July Board Meeting

At its meeting on July 23, 2024, no reportable board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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2024-25 Contribution Rates
SamCERA has updated its contribution rates for members and employers, effective July 2024.

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