Employers

Employers

Overview

Our participating employers play an integral role in securing their employees’ retirement benefits. Participating employers provide SBCERA with the employee demographic and payroll data that allows SBCERA to calculate retirement benefits and run the retirement system. The employers also transmit the retirement contributions that SBCERA invests to pay retirement benefits.

Continuous improvement in our communication efforts to our employers is a top priority for SBCERA. We embrace transparency and engagement, and plan to increasingly use technology to deliver service and valuable information.

Overview

Employer Forms

Membership Tier Verification Form

Membership Tier Verification Form

This form is designed to help SBCERA employers place new members in the correct retirement plan immediately upon hire.

Employer Requirement: You must provide this form to all newly hired SBCERA members and only return to SBCERA if the person appears to qualify for Tier 1 membership. Both you and the new hiremust complete this form. SBCERA must process this form before the end of the employee’s first pay period.

Overview

Employer Contribution Rates

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.

Overview

Employer Video Library

This video library is a valuable resource, and focuses on our continued commitment to inform and educate our participating employers.

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