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Board of Retirement Investment Information
2017 August Special Board Meeting

At its special meeting on August 10, 2017, the Board of Retirement directed staff to commence contract negotiations with Verus Advisory, Inc. for general investment consultant services.

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
2017 July Board Meeting

At its meeting on July 25, 2017, the Board of Retirement approved an overall $80 million investment in the PIMCO Diversified Income strategy, which will reside in the opportunistic credit category in SamCERA’s fixed income asset class.

The Board also approved a $20 million capital commitment to Quantum Energy Partners VII, as part of SamCERA’s natural resources portfolio with private real assets.

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

Announcement

Download the MySamCERA Mobile App
Available for iPhone and Android

Now you can get secure 24/7 access to your SamCERA account with the MySamCERA mobile app, available for download on iPhone and Android.

You can find the app by searching for “MySamCERA” in the App Store (for iPhone) or Google Play (for Android), or you can use the links at the bottom of this page.

Make Sure You Have a MySamCERA Account

With MySamCERA mobile, active members can perform basic retirement estimates, download forms, and check beneficiary information. Retirees can view deductions and withholdings, check beneficiary information, and more. 

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Board of Retirement Investment Information
2017 June Board Meeting

At its June 6, 2017, meeting, the Board of Retirement approved changes to SamCERA’s international equity manager structure, removing its dedicated international small-cap allocation. The Board of Retirement also approved a $70 million investment to the Prudential Real Estate US Debt Fund as part of SamCERA’s real estate sub-asset class.

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

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Board of Retirement Investment Information
2017 March Board Meeting

At its March 28, 2017 meeting, the Board of Retirement approved a $35 million capital commitment to the White Oak Yield Spectrum Fund as part of SamCERA’s Opportunistic Credit Composite within fixed income. 

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

Announcement

2017 SamCERA Board of Retirement Special Election Results
The results are in from the March 2017 Special Election

Congratulations to Al David, who has been elected to fill the unexpired term for the Third position on the SamCERA Board of Retirement. Mr. David received the most votes from our General membership.

Mr. David will serve the remaining term for the Third position, which expires on June 30, 2019.

Announcement

SamCERA Recognized for Excellence in Financial Reporting

SamCERA has received two awards from North America’s foremost association of public finance officers.

First, for the twentieth consecutive year, the Government Finance Officers Association (GFOA) awarded SamCERA its Certificate of Achievement for Excellence in Financial Reporting.

This award was in recognition of SamCERA’s Comprehensive Annual Financial Report (CAFR) for the fiscal year ended June 30, 2016. The CAFR contains detailed information about SamCERA’s finances and investments, including SamCERA’s assets, liabilities, funding sources, and funded status.

Announcement

The MySamCERA Portal for Active, Deferred and Retired SamCERA Members
As of March 1, 2017, MySamCERA is open for business!

What is MySamCERA?

MySamCERA is a secure, members-only portal for retirement benefits information, available on the web at: mysamcera.org.

Announcement

Board of Retirement Investment Information
2017 January Board Meeting

At its meeting on January 24, 2017, 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. 

Announcement

SamCERA 2017 COLA
This year's cost-of-living adjustment (COLA) will be 2.0% or 3.0% for most eligible retirees and beneficiaries.

Because of an inflation rise in 2016, most SamCERA retirees and beneficiaries will receive a cost of living adjustment (COLA) of either 2.0% or 3.0% this year.

The COLA applies to eligible retirees and beneficiaries retired on or before April 1, 2017, and the amount of the COLA will depend on the retirement plan. The COLA for Plan 1 and Plan 2 is 3.0%, while the COLA for Plans 4, 5, 6 and 7 is 2.0%. Plan 3 does not provide a COLA.

All COLAs will be paid beginning with the April 2017 benefit payments.

Announcement

RFP: General Investment Consultant

SamCERA has issued a Request for Proposal for a general investment consultant. The requested services include, but are not limited to: investment objectives and asset allocation, management structures, performance measurement and analytics, manager search and evaluation, risk management and analysis, and other operational needs.

The proposal deadline is February 16, 2017, by 5:00 p.m., Pacific Time. 

More information, including the RFP document, is available here: samcera.org/InvestmentConsultantRFP2017.

Announcement

2017 Service Purchase Schedule

SamCERA members have two separate periods of time during 2017 to make service purchases. The process starts when the member submits a Purchase Request form. Members may submit Purchase Request forms at any time.

Announcement

Notice of Special Election
To Elect a General Member to the SamCERA Board of Retirement

One active SamCERA General Member is to be elected to fill the unexpired term for the Third position on the Board of Retirement at a special mail ballot election to be held on March 13, 2017.

The General Member elected to fill the Third position shall serve the remaining term expiring June 30, 2019.

Each candidate for this General Member position shall be nominated by a petition signed by not less than ten (10) active SamCERA General Members. No member shall sign more than one Nominating Petition for this election.

Announcement

Board of Retirement Investment Information
2016 December Board Meeting

At its meeting on December 6, 2016, the Board of Retirement approved up to a $10 million capital commitment to ABRY Senior Equity V, and a $20 million capital commitment to Great Hill Partners VI, as part of SamCERA’s allocation to private equity.

The Board also directed staff to begin implementation of a new asset allocation policy per the recently concluded asset liability study.  The new policy has a 9% reduction to growth assets, a 3% increase to diversifying assets, and a 6% increase to inflation hedge assets. 

Announcement

Read SamCERA’s Popular Annual Financial Report

SamCERA’s 2016 Popular Annual Financial Report (PAFR) is now available.

The PAFR is a 12-page profile of SamCERA’s finances and investments. It’s the “Reader’s Digest” version of our Comprehensive Annual Financial Report.

Announcement

Board of Retirement Investment Information
2016 October Board Meeting

At its meeting on October 25, 2016, no board action was taken related to specific SamCERA 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

Board of Retirement Investment Information
2016 September Board Meeting

At its meeting on September 27, 2016, 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. 

Announcement

Board of Retirement Appointments
Kurt Hoefer has joined SamCERA's Board, and Ben Bowler has been reappointed.

At its meeting on September 6, 2016, the San Mateo County Board of Supervisors appointed two positions on the SamCERA Board of Retirement.

Kurt Hoefer was appointed to the ninth seat on the Board of Retirement. He is a partner at Golub Group, LLC.  As an investment adviser and investment banker, he has provided strategic and financial advice to institutions and individuals. This is his first term on the Board.

Announcement

Board of Retirement Investment Commitments
2016 August Board Meeting

At its meeting on August 23, 2016, the Board of Retirement approved a $10 million capital commitment to Taurus Mining Finance Fund Annex, as part of SamCERA’s allocation to private real assets.

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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