Active Members Deferred Members Retired Members Beneficiary Benefits
About SDCERA Board of Retirement Investments Finance News & Media
Thinking About Retirement?

Attend a retirement webinar, 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, June 17, 2021.
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.

Board of Retirement Meeting

A live stream of the June 17, 2021 Board of Retirement Meeting can be viewed here beginning at 9:00 AM.

You can view the June 17, 2021 Board of Retirement Meeting Agenda here.

Patient Centered Outcomes Research Institute Fee

Federal law requires sponsors of self-funded health plans and insurers to pay the Patient Centered Outcomes Research Institute (PCORI) fee for each participant.

This fee, paid to the Internal Revenue Service (IRS), is intended to fund a new federal research institute that will publish guidelines for improving public health as required by the Affordable Care Act.

Tier I and Tier II members who received the Health Insurance Allowance or Health Insurance Reimbursement funds from October 2019 through September 2020 will be charged this one-time fee of $2.70. This fee will be deducted from the May 28, 2021 benefit payment.

Although this annual fee was previously expected to end in 2019, it was extended in 2020 until the year 2029 by the Further Consolidated Appropriations Act, 2020.

Lisa Rhone Elected to Board of Retirement

The San Diego County Employee Retirement Association announced today that Lisa Rhone has won the election to fill the Second (General) Member seat on the Board of Retirement. The Board of Supervisors is expected to declare Ms. Rhone the winner during their March 2, 2021 meeting. Ms. Rhone will be sworn in during the next meeting of the Board of Retirement. Ms. Rhone was elected to a vacant seat with a term that expires on June 30, 2023.

Annual Notice on Tax Withholding

SDCERA is required to provide Members and their beneficiaries with information about their right to change tax elections annually. This notice can be found here.

Board Approves Cost-of-Living Adjustment (COLA) for Retired Members

At its January 21 meeting, SDCERA's Board of Retirement approved a 1.5% cost-of-living adjustment (COLA) for Retired Members, effective April 1, 2021.

The 2021 COLA is based on the Bureau of Labor Statistics Consumer Price Index (CPI) for All Urban Consumers for the San Diego-Carlsbad area. The actual COLA a retiree receives depends on their Tier and retirement date. For a complete list of COLA rates by Tier and retirement date, please click here. Members must be retired no later than March 31, 2021 to be eligible to receive the 2021 COLA.

Alameda Case Update

On July 30, 2020, the California Supreme Court upheld changes to the definition of "compensation earnable" enacted by the California Legislature as part of the Public Employees' Pension Reform Act of 2013. Compensation earnable is the legal term for compensation that is used to calculate SDCERA pension benefits for Tier I, Tier A and Tier B members.

As a result of the decision in Alameda County Deputy Sheriffs Association v Alameda County Employees Retirement Association ("Alameda"), SDCERA and the County of San Diego undertook a review of all compensation considered compensation earnable, or pensionable. Based on that review, SDCERA's Board of Retirement has determined that three earn codes previously considered pensionable are recognition awards that are properly excludable from the definition of compensation earnable and will be excluded as of January 29, 2021.

For more information, please click here.

SDCERA Board Appoints New CEO

The SDCERA Board of Retirement appointed Tracy Sandoval to become Chief Executive Officer of the San Diego County Employees Retirement Association.

"After conducting a nationwide search which attracted over 80 applicants, Tracy was the Board's unanimous choice to be SDCERA's Chief Executive Officer. Her management skills, experience and financial acumen made her the Board's top choice." said Board Chair Richard Tartre.

To view the full press release click here.

San Diego County Employees Retirement Association © 2020 SDCERA — All Rights Reserved