Santa Barbara County Employees' Retirement System "SBCERS"
   

Highlights


SBCERS is on the Move... 
November 20, 2014
 

SB Office Move Announcement2

 


SBCERS Welcomes Greg Levin CEO
October 16, 2014

  

The Board of Retirement of the Santa Barbara County Employees' Retirement System is pleased to announce that Greg Levin, CPA, currently serving as its Interim Chief Executive Officer, has accepted the position of permanent Chief Executive Officer.  Mr. Levin brings a strong background in management of complex financial projects for government and non-profit organizations.  Among other positions, Mr. Levin has served as an internal auditor for the County of Santa Barbara, comptroller of the City of San Diego and as the manager of investments of a non-profit endowment.  The Board greatly appreciates Greg's accomplishments as Interim CEO over the last several months and enthusiastically looks forward to his contributions to SBCERS in the years to come.

PENSION FUND STATUS REPORT


The SBCERS Trust has experienced a solid recovery since the 2008-2009 market declines. This is due in part to the long-term strategy of the Fund which is established by the Retirement Board. The Fund reached a value in plan assets of $ 2.5 billion in August, 2014. The attached chart illustrates the value of the SBCERS Pension Fund over the past decade. No one can guaranty future performance; although the Fund’s past 10-year track record is commendable. SBCERS is confident in the Fund’s ability to provide for member’s benefits over the long term. 

 

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 140831_SBCERS Plan Asset Overview full size

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Board of Retirement Meeting November 19, 2014


  
  2014 Notice of Election for General, Retired & Retired Alternate Members of the Board of Retirement

SBCERS Retirement Board Seats

The Board of Supervisors appointed Janet Wolf to a second term as an appointed Retirement Board member. Her term is effective January 1, 2014, and runs until December 31, 2016. 

In 2014 elections will be held for one general member seat and the two retiree seats (one of which is an alternate seat). Each of these elections are for terms effective January 1, 2015 and run for three years. The Board of Supervisors has a vacant seat to act upon. The current term is effective immediately and runs until December 31, 2014. The full three-year term for this seat is effective January 1, 2015.

Information Regarding Release of Retiree Records:
Legal Opinion
Accessibility of Records Policy

 

SBCERS Comprehensive Annual Financial Report ("CAFR") Fiscal Year  Ended June 30, 2013