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Overview

News

Announcement

Are you a San Mateo County Resident Interested in Serving on the Board of Retirement?

The Board of Supervisors are accepting applications for appointment to 2 positions on the Board of Retirement for a 3 year term commencing July 1, 2015. To be eligible, applicants must be a qualified elector of the County of San Mateo and not connected with San Mateo County government in any capacity.

Announcement
CEO Scott Hood

SamCERA’s new CEO

Scott Hood has been named Chief Executive Officer (CEO) of the San Mateo County Employees’ Retirement Association (SamCERA), effective Nov. 9, 2014. He succeeds David Bailey, who will retire in early 2015.

Since 2002, Hood served as SamCERA’s Assistant Executive Officer (AEO), managing the benefits, finance, information technology, communications and administrative staff of the association. Prior to becoming AEO, he served as SamCERA’s Information Technology Manager for two years.

Announcement

SamCERA’s Investment Return Assumption Lowered to 7.25%

SamCERA’s Board of Retirement has decided to reduce its long-term investment return assumption from 7.5% to 7.25%. The investment assumption—also called the “assumed earnings rate”—is the annual amount the fund is expected to earn through its investments in stocks, bonds, real estate, and other segments of its portfolio.

Commands