SBCERA retirement benefits are funded through contributions paid by participating active employers, members, and earnings from SBCERA investments. Employer contribution requirements are determined by periodic actuarial valuations under state law, conducted by actuaries. The Board of Retirement reviews and sets contribution rate increases or decreases on the basis of these studies each fiscal year.

View the 2019-2020 Employer Contribution Rates below. Contribution requirements shown are the employer required contribution only. Figures do not include the member contribution or any cost sharing.

Employer Contribution Rates Tier 1

Employer Contribution Rates Tier 2