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Board Responsibilities

The Board of Retirement is SDCERA's governing body with exclusive control and fiduciary responsibility for benefit administration and investment management of the Trust Fund for the exclusive benefit of Members and beneficiaries. A Trustee's fundamental duties are loyalty to the Members and beneficiaries and prudence in protecting and managing SDCERA's Trust Fund. The Board establishes employer and employee contribution rates on the basis of an annual independent actuarial valuation.