Building for a Brighter Future

In the summer Quarterly Review, we discuss some of the possible ways you can build financial fitness for retirement, and how SBCERA is building upon its solid foundation for a brighter future.

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New Contribution Rates

SBCERA has implemented new contribution rates for Active Members. Each year, rates are determined based on an independent actuarial study, which calculates the contributions needed to fund current and future benefits.

The new rates are effective June 23, 2018 for most SBCERA employers with the following exceptions: South Coast Air Quality Management District (SCAQMD) and California State Association of Counties (CSAC) (June 18); Barstow Fire Protection District and Law Library (July 1).

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Employment Opportunities

SBCERA is currently recruiting for exciting new Employment Opportunities.

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COLA Approved.

Cost Of Living Adjustment (COLA) approved for all SBCERA retirees and beneficiaries will take effect on April 1.

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The MVP is at the plate!

SBCERA’s 2017 Comprehensive Annual Financial Report and Popular Annual Financial Report, “Most Valuable Plan,” are now available. The award-winning annual reports detail financial, investment and actuarial activities for the year ended June 30, 2017.

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Federal Withholding Changes

As a result of newly-published 2018 federal withholding tables by the Internal Revenue Service (IRS), beginning with January benefit payments, SBCERA Retired Members and payees may see a change in the amount of federal tax withheld from their benefit. We understand that you may have questions about taxes and your SBCERA benefit. Here are some questions we expect to receive, and the responses we can provide at this time.

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