SBCERS is on the Move...
November 20, 2014
SBCERS Welcomes Greg Levin CEO
October 16, 2014
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 October, 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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Board of Retirement Meeting November 19, 2014
SBCERS Retirement Board Seats
Jennifer Christensen was elected by the General Members to a full term. The Board of Supervisors ordered that no Retired Member elections be held and the Clerk of the Board cast unanimous ballots in favor of sole nominated members Zandra Cholmondeley and John McMillin to full terms, with Mr. McMillin serving as as the alternate retired member. The Board of Supervisors appointed Al Rotella and Jonathan Ziegler to full terms as appointed members. All full terms are effective January 1, 2015, and run until December 31, 2017. Each of these members are incumbents, except for Mr. Ziegler.