Board of Retirement News
Learn about the 2022 SamCERA Board of Retirement election results, and other recent Board of Retirement updates.
2022 SamCERA Board of Retirement Election Results
The nomination period for the 2022 Board of Retirement election closed on May 2, 2022, at 5:00 p.m. Al David and Nicole McKay ran unopposed and were deemed elected to the Board, while Alma Salas was elected to the Retired Member Seat at the Monday, June 13, 2022 election.
Elected Board Member Profiles
Al David ran unopposed and was reelected to the General Member, Third Seat. He is a manager with the San Mateo County Information Services Department. He is also a retired Army Reserve Lieutenant Colonel. He was first elected to the Board of Retirement in 2008, and has since served three full terms and two partial terms on the Board.
Alma Salas was newly elected to the Retired Member, Eighth Seat after previously serving as Retiree Alternate. Alma was a Probation Services Manager with the San Mateo County Probation Department before her retirement in 2013. She first joined the Board in May of 2001 and served as Board Chair during the 2004-05 fiscal year. She was elected in 2013 to serve as the Retiree Alternate and was reelected in 2016 and 2019.
Nicole McKay ran unopposed for the Retiree Alternate Seat. In this role she substitutes in the absence of the Eighth Member. Prior to her retirement, Nicole worked for San Mateo County and the San Mateo Superior Court for more than 29 years, retiring as the Employee Relations Manager for San Mateo County’s Human Resources Department.
The elected Board Members will serve a 3-year term commencing July 1, 2022 and ending June 30, 2025. The next scheduled SamCERA Board of Retirement election will be in 2024, when the General Member Second Seat, the Safety Member Seventh Seat, and the Safety Member Alternate Seat will be up for election.
June 7, 2022 Statewide Direct Primary Election
Sandie Arnott ran unopposed in the Statewide Direct Primary Election on June 7, 2022 and was reelected to serve as the San Mateo County Treasurer-Tax Collector for a four year term beginning January 1, 2023. By virtue of her office, she has served on SamCERA’s Board of Retirement since 2011, but was also active on the Retirement Board while serving as Assistant County Treasurer-Tax Collector. With this recent reelection, she will continue to serve on the Board through December 31, 2026.
Board of Retirement Appointments
At its meeting on June 14, 2022, the San Mateo County Board of Supervisors reappointed Kurt Hoefer as Ninth Member of the SamCERA ard of Retirement. Kurt Hoefer is the Chief Strategy Officer at Summitry. As an investment adviser and investment banker, he has provided strategic and financial advice to institutions and individuals. This Board of Supervisors initially appointed Mr. Hoefer to the Board of Retirement in 2016, and this will be his third term.
In addition, the Board of Supervisors are currently seeking a replacement for the Fifth Seat on the Board of Retirement, which is an appointed position.
The new terms for both appointments will expire on June 30, 2025.
Update (6/28/22): At its meeting on June 28, 2022, the San Mateo County Board of Supervisors appointed Kimathi Marangu to replace Ben Bowler as the Fifth Member on the SamCERA Retirement Board. Kimathi currently serves as the Global Head of Prepaid for Visa, Inc. and his financial career includes working for Morgan Stanley, J.P. Morgan, Apple and Cartera Commerce. He has served on volunteer boards of the American Red Cross, the Stanford Business School Funds and others. In addition, Kimathi holds a Bachelor’s degree from Vassar College and an MBA from Stanford Business School.
Board vacancies and election information are posted at www.samcera.org, and general information about the Board of Retirement can be found at www.samcera.org/board-retirement.
In addition, SamCERA would like to thank outgoing Board Member, Paul Hackleman for his years of service and dedication.