The Board of Retirement’s primary role is to ensure SBCERA is
appropriately governed and managed to fulfill its missionon behalf of its members, beneficiaries and
Consistent with this role, the Board serves as trustee of the
SBCERA investment fund and has a constitutional, statutory, and
fiduciary duty to administer the retirement system in a sound and
prudent manner. Therefore, the Board is charged with making
decisions solely in the interest of, and for the exclusive
purpose of providing the earned benefits to SBCERA’s members and
The Board’s responsibilities include: maintaining sole and
exclusive authority over plan assets; setting investment
strategies; selecting external, professional investment managers
and advisors; monitoring and managing all investments in
coordination with staff and advisors; administering benefits
efficiently and lawfully; appointing the Chief Executive Officer
and Chief Counsel; and ruling on disability retirement claims and
Each member of the Board is bound by the Board’s Statement of
Governance Principles and Code of Ethics. The Board of
Retirement’s responsibilities and functions are governed by the
applicable provisions of the California Government Code, along
with the By-Laws and policies of SBCERA.
Four members appointed by the San Bernardino County Board of
Two General Member Trustees elected by the General members
A Safety Member Trustee and Alternate elected by the Safety
A Retired Member Trustee and Alternate elected by the Retired
The San Bernardino County Treasurer who serves as an ex
The San Bernardino County Deputy Treasurer, appointed by the
San Bernardino County Treasurer, who serves as an alternate ex
All members of the Board, with the exception of the County
Treasurer, serve three-year terms.
Board Meetings & Committees
Board meetings are generally held on the first Thursday of each
month at 9:00 a.m. in the SBCERA Board Chambers located at 348 W.
Hospitality Lane on the First Floor in San Bernardino, CA. Please
reference the Board of Retirement Agendas and Minutes page for
exact dates and times. These meetings are open to the public.
In addition, the Board holds separate meetings for the following
committees: Administrative, Audit, Executive, and Investment.
These committees have an important role in assisting the Board in
carrying out its responsibilities by making recommendations to
Each committee consists of three to four Board members and
includes at least one elected and one appointed Board member.
Typically, the Investment Committee meets on the second Tuesday
of the month and the Administrative Committee meets on the third
Thursday of the month. The Audit and Executive Committees meet as
needed. Committee meetings are subject to change and
cancellation, and are open to the public.