Skip to main content

News

Overview

News

Post

Important Information for Retirees in 2021
Changes to taxes and health plan premiums in 2021 could mean that you see a change in your monthly pension benefit in January.

Changes to taxes and health plan premiums in 2021 could mean that you see a change in your monthly pension benefit in January. Below are a few reminders:

Post

Board of Retirement Investment Information
2020 December Board Meeting

At its meeting on December 8, 2020, the Board of Retirement approved a $20 million capital commitment to Endeavour Fund VIII L.P., as part of SamCERA’s private equity portfolio.

The Board then approved an additional commitment of $10 million to Blackrock Direct Lending Fund IX, as part of the private credit portion of SamCERA’s opportunistic credit portfolio.

It was also reported that SamCERA made a $15 million capital commitment to Canvas Ventures 3 L.P., as part of SamCERA’s private equity portfolio.

Announcement

2021 Service Purchase Schedule
There are two separate periods of time during 2021 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 service upgrades, certain military leave and unpaid sick leave. Returning SamCERA members can also make a Purchase Request for a redeposit of withdrawn funds.

Post

Board of Retirement Investment Information
2020 October Board Meeting

At its meeting on October 27, 2020, the Board of Retirement approved a $25 million capital commitment to EQT Infrastructure V L.P. as part of SamCERA’s infrastructure portfolio within 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. 

Post

Board of Retirement Investment Information
2020 September Board Meeting

At its meeting on September 29, 2020, the Board of Retirement approved a $30 million capital commitment to Clayton, Dubilier & Rice Fund XI LP, as part of SamCERA’s private equity portfolio.

The Board also approved a re-up commitment of $35 million to White Oak Yield Spectrum Fund V, as part of SamCERA’s growth risk-bucket (fixed income asset class) within opportunistic credit.

Post

Board of Retirement Investment Information
2020 August Board Meeting

At its meeting on August 25, 2020, the Board of Retirement approved a $30 million capital commitment to Stockbridge Value IV Fund, L.P., as part of SamCERA’s real estate portfolio.

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. 

Post

Board of Retirement Investment Information
2020 July Board Meeting

At its meeting on July 28, 2020, 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. 

Post

Board of Retirement Investment Information
2020 June Board Meeting

At its meeting on June 2, 2020, 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. 

Post

Board of Retirement Investment Information
2020 April Board Meeting

At its meeting on April 28, 2020, the Board of Retirement approved an initial investment of 4% of plan assets (or approximately $180 million) in the NISA Core Bond strategy to be placed in the Diversifying risk category (Fixed Income asset class composite) within the Core Fixed Income portfolio.

Post

Board of Retirement Investment Information
2020 April Special Board Meeting

At its special meeting on April 6, 2020, the Board of Retirement approved a $25 million capital commitment to Angelo Gordon (AG) Credit Solutions Fund Annex Dislocation Fund, L.P., as part of SamCERA’s opportunistic credit portfolio.

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

Post

Board of Retirement Investment Information
2020 March Board Meeting

At its meeting on March 24, 2020, 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

Coronavirus (COVID-19) Update
Please read this important notice regarding office closure and changes to SamCERA services and programs in response to Coronavirus (COVID-19).

SamCERA is committed to the safety and health of our members and community, and to slow the spread of coronavirus (COVID-19), we are implementing several safety precautions in our programs and services.

Post

Board of Retirement Investment Information
2020 February Board Meeting

At its meeting on February 25, 2020, the Board of Retirement approved a $30 million investment in the Brookfield Super Core Infrastructure fund as part of the Private Real Asset composite within the Inflation Hedge portfolio.

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

Post

Board of Retirement Investment Information
2020 January Board Meeting

At its meeting on January 28, 2020, the Board of Retirement approved a $75 million investment to Graham Capital Quantitative Global Macro strategy to be placed in the Diversifying risk category (Alternatives asset class composite) within the Absolute Return portfolio.

The Board also approved a $75 million investment to PIMCO Multi-Asset Alternative Risk Premia (MAARS) strategy to be placed in the Diversifying risk category (Alternatives asset class composite) within the Absolute Return portfolio.

Announcement

COLA Increase for 2020
At its January 28, 2020 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries.

At its January 28, 2020 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for retirees and beneficiaries in accordance with each plan as shown on the chart below:

Post

Board of Retirement Investment Information
2019 December Board Meeting

At its meeting on December 3, 2019, the Board of Retirement approved a $15 million commitment to Angelo Gordon Credit Solutions Fund L.P.

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. 

Post

Board of Retirement Investment Information
2019 October Board Meeting

At its meeting on October 29, 2019, the Board approved a new asset allocation policy, which included a 3% increase to Growth and 8% increase to Diversifying with a corresponding 3% reduction to Inflation Hedge and 8% reduction to Risk Parity.  No board action was taken related to SamCERA’s investment commitments or hires.

Post

Board of Retirement Investment Information
2019 September Board Meeting

At its meeting on September 24, 2019, 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. 

Post

Board of Retirement Investment Information
2019 August Board Meeting

At its meeting on August 27, 2019, 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.