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Board of Retirement Investment Information
2024 June Board Meeting

At its meeting on June 4, 2024, the Board of Retirement approved a $35 million commitment to Beach Point Capital Real Estate Debt Fund, L.P., as part of SamCERA’s debt portfolio within Real Estate under the Inflation Hedge category.

The Board also approved a $25 million re-up commitment to Quantum Energy Partners VIII, L.P., as part of SamCERA’s Natural Resources portfolio within Private Real Assets under the Inflation Hedge 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 April Board Meeting

At its meeting on April 23, 2024, the Board of Retirement approved a $30 million commitment to TPG Angelo Gordon Credit Solutions Fund III LP, as part of SamCERA’s opportunistic credit portfolio within Fixed Income under the Growth risk category.

The Board also approved a $28 million commitment to Kinderhook Capital Fund 8, L.P., as part of SamCERA’s buyout portfolio within Private Equity under the Growth risk 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 March Board Meeting

At its meeting on March 26, 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. 

Announcement

Notice of Election
This June, SamCERA will hold an election for three seats 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 ELECTION
TO ELECT THREE MEMBERS TO THE BOARD OF RETIREMENT

Notice is hereby given that one GENERAL MEMBER is to be elected to fill the second position, and one SAFETY MEMBER is to be elected to fill the seventh position on SamCERA’s Board of Retirement. An Alternate Safety member will also be elected.

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Board of Retirement Investment Information
2024 February Board Meeting

At its meeting on February 27, 2024, the Board of Retirement approved a $45 million commitment to Comvest Credit Partners VII, L.P., as part of SamCERA’s Private Credit portfolio within Opportunistic Credit under the Growth category.

The Board also approved a $28 million commitment to Peak Rock Capital Fund IV, L.P., as part of SamCERA’s buyout 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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Update – MySamCERA Available as of 2/6/24
The technical issues on MySamCERA have been resolved, and members should have normal access to the member portal and mobile app. Thank you for your patience!

2/6/24 - The technical issues on MySamCERA have been resolved, and members should have normal access to the member portal and mobile app. Thank you for your patience!

 

1/31/24 - MySamCERA Currently Unavailable

MySamCERA is experiencing some technical issues, and this is impacting member account access. Please know that our team is aware of the issue and is working urgently to resolve the problem. 

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Board of Retirement Investment Information
2024 January Board Meeting

At its meeting on January 23, 2024, the Board of Retirement approved a $60 million investment in the Eaton Vance Emerging Markets Debt Opportunities Strategy as part of SamCERA’s opportunistic credit portfolio 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: Global Custody & Securities Lending Services
SamCERA has issued a Request for Proposal for Global Custody & Securities Lending Services. Learn more about the RFP and important dates.

Overview

San Mateo County Employees’ Retirement Association (SamCERA) is embarking on a custodian bank search to determine which firm can best fit SamCERA’s current needs.  The objective of this Request for Proposal (RFP) is to solicit proposals from vendors that can provide requested services that include, but are not limited to asset safekeeping, accounting, securities settlement, cash management, corporate actions, class actions and proxy processing, securities lending, performance and risk analytics, and miscellaneous system queries and reporting requirements.

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Compensation Limits for 2024
Learn about updated compensation limits in 2024 for Plan 7 members, and the 2024 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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Request for Proposal: Actuarial Consulting Services
SamCERA has issued a Request for Proposal for Actuarial Consulting Services. Learn more about the RFP and important dates.

Overview

SamCERA has issued a Request for Proposal to solicit proposals from qualified actuarial firms to serve as an independent actuary to perform actuarial consulting. Actuarial consulting services are described in detail in the RFP document. Services will include (but are not limited to): 

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Retirees: 2023 Tax Forms Are Available Now
1099-R Annual Tax Reporting Statements will be mailed by January 31, 2024, and are available online now.

1099-R tax forms will be mailed by January 31, 2024 to the addresses we have on record for retirees. This form contains information about reportable income and taxable income from SamCERA for 2023. It will also reflect the amount of federal and California taxes that have been withheld, if any.

Access Your 1099-R Online

Your 1099-R is available online to view and print in the MySamCERA member portal.

Announcement

2024 Service Purchase Schedule
There are two separate periods of time during 2024 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. 

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Board of Retirement Investment Information
2023 December Board Meeting

At its meeting on December 5, 2023, it was reported that SamCERA made a $10 million commitment to DCVC BIO III, 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
2023 October Board Meeting

At its meeting on October 31, 2023, 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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Board of Retirement Investment Information
2023 September Board Meeting

At its meeting on September 26, 2023, it was reported that SamCERA made a $30 million commitment to Cerberus Institutional Real Estate Partners VI L.P., as part of SamCERA’s Private Real Assets portfolio within the Inflation Hedge category.

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

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photo taken over shoulder of someone using a laptop

Coming Soon – The New MySamCERA Member Portal
Beginning September 11, 2023, you will be able to experience the new MySamCERA portal!

We’re excited to announce the new MySamCERA member portal will be available beginning September 11, 2023.

The new member portal experience will make it easier for you to manage your pension from your computer or laptop with just a few clicks of your mouse. 

 

 

 

Getting started:

Computer: Log in to the member portal at www.mysamcera.org.