Strategic Plan for 2008—2010

Introduction

The SDCERA Strategic Plan for Fiscal Years 2008 through 2010 represents the Associations vision of projects that support its goals and builds upon previous Strategic Plans’ achievements, in particular the 2005 – 2007 Strategic Plan.

The goals established during the previous strategic planning process remain and continue to focus the organization on factors that are critical to its success:

1. Investment Management
2. Customer Service
3. Staff Development
4. Benefits Administration
5. Organizational Leadership

We have outlined initiatives that provide a roadmap toward meeting each goal and build upon prior strategic plans.

This three-year strategic plan is focused on service delivery and risk management.  Staff will be actively involved in implementing a new pension administration system; a project initiated as part of the 2005-07 strategic plan. The pension administration system will provide a foundation for delivery of services to our membership and provide SDCERA with the most up-to-date administrative tools to efficiently and cost-effectively administer the plan.

Investments will be focused on risk management and refining investment strategies. We will introduce an internal resource to actively manage relationship inside the investment community, report on trends and actively mine information about managers and consultants that could benefit the organization 

Infrastructure will be strengthened with the implementation of generally accepted internal control programs and processes that will enhance existing policies and procedures.
 
Service to members will be enhanced with the implementation of the new benefits administration system by allowing more self service access to retirement information.  Our Communications and Education unit plans to implement communications targeted to members who are meeting key years-of-service milestones

The set of Strategic Initiatives presented here are the first step in the development of a Long Term Strategic Plan; staff will proceed with developing the action plans and activities that will be required to accomplish each initiative.  These activities will be further defined by establishing a timeline for their completion over the strategic planning period.  Finally, the total cost for each initiative will be estimated and allocated across the strategic planning period.

We are introducing a revised mission statement for SDCERA, which more succinctly states the objectives of the Association:

SDCERA’s mission is to prudently manage the Fund, efficiently administer benefits, and provide superior service to SDCERA members.
 
Finally, the Association will also be incorporating a new set of values: Strength, Service and Commitment, which are featured in SDCERA’s new logo introduced in 2006.

Click SDCERA Strategic Plan 2008—2010 to view the entire plan.