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About SDCERA Board of Retirement Investments Finance News & Media
Member Service Center Hours

Monday through Thursday
8:00 a.m. to 5:00 p.m.
Friday
8:00 a.m. to 3:00 p.m.


Thinking About Retirement?

Attend a retirement seminar, calculate your benefit, apply for retirement or contact SDCERA's Member Service Center at 619-515-6800.


Next Regular Board of Retirement Meeting

The next regular meeting of the SDCERA Board of Retirement will be held at 9:00 am on Thursday, August 15, 2019. Click here for more details.


Retiree Health Insurance Program

For information about SDCERA's Retiree Health Insurance Program CLICK HERE.


Are your Beneficiary Designations Current?

Make sure your SDCERA beneficiary designations are up-to-date because your beneficiaries may be entitled to receive certain SDCERA benefits upon your death. If you have married, divorced or had children, you should update your beneficiary information by completing a Beneficiary Designation form and submitting it to SDCERA.




Mark Hovey Appointed to SDCERA Board of Retirement

The San Diego County Board of Supervisors voted unanimously to appoint Mark Hovey to the SDCERA Board of Retirement for a three-year term, beginning July 1, 2019. Hovey fills the appointed seat vacated by Mark Oemcke, who served two terms on the Board. Since 2018, Mr. Hovey has served as an independent public member on SDCERA's Audit Committee.

In January 2018, Mr. Hovey retired as Chief Executive Officer of the San Diego City Employees' Retirement System (SDCERS), an $8 billion, 20,000 Member trust fund administered for the City of San Diego, the San Diego Unified Port District and the San Diego County Regional Airport Authority. Prior to his eight-year CEO tenure, Hovey served as SDCERS' Chief Financial Officer. Under Mr. Hovey's guidance, SDCERS was recognized as a model of governance and operations best practices for public pension plans. He received the San Diego Business Journal's Most Admired CEO award in 2015 and the Most Admired CFO Award in 2009.

Before joining SDCERS, Mr. Hovey held senior accounting, finance and administrative positions with manufacturing and technology companies. He began his career with Ernst & Young.

Mr. Hovey is an active community volunteer and is currently an Advisory Board Member of the San Diego Leadership Forum. He has served as a Board Member and Chair of the California Association of Public Retirement Systems (CALAPRS), the Volunteers of America ‑ Southwest, and the Jackie Robinson Family YMCA.


General Tier C Members and Safety Tier C Members:
Member Contribution Rate Changes Effective June 21, 2019

Effective with the June 21, 2019 pay period, SDCERA contribution rates for General Tier C Members increased from 8.27% to 8.31% and Safety Tier C Members increased from 14.69% to 14.88%.

The rate increase was calculated by Segal Consulting, SDCERA's independent actuary, and reflects demographic changes in Tier C Membership.

The impact of this contribution rate increase is illustrated in the following examples:

A General Tier C Member who makes $50,000 per year will see their annual SDCERA contribution increase by $20 per year, while a General Tier C Member who makes $125,000 per year will see their annual SDCERA contribution increase by $50 per year.

A Safety Tier C Member who makes $50,000 per year will see their annual SDCERA contribution increase by $95 per year, while a Safety Tier C Member who makes $150,000 per year will see their annual SDCERA contribution increase by $285 per year.

Member contribution rates for General Tier I, Tier A, Tier B and Tier D Members and Safety Tier A and Tier B Members have not changed.


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