Background

Of the more than $12 billion in assets that SBCERA invests, our position size with the Province of Buenos Aires is approximately $14 million, which is just over one-tenth of one percent of SBCERA’s total portfolio. 

This year’s 2.0% Cost-of-Living Adjustment (COLA) will be effective April 1, 2021. The SBCERA Board of Retirement approved the COLA for Retirees and Beneficiaries at its Board meeting on February 4, 2021.

As we reflect on this last year, I am full of gratitude for our team here at SBCERA and for our partnership with all of you—our valued members and public servants who serve our San Bernardino communities.  There’s no doubt 2020 has been one of the most challenging years of our lifetime.  The coronavirus pandemic and economic uncertainty have been difficult for everyone.

We’re excited to share that your new online member portal, “mySBCERA” (previously known as MemberDirect), is now mobile-friendly and much easier to access anytime, anywhere, using your computer, phone or tablet. 

On April 15, 2020, San Bernardino County Employees’ Retirement Association (SBCERA) received notice of the date for the California Supreme Court to hear oral arguments in the case known as Alameda County Deputy Sheriffs’ Association et al. v. Alameda County Employees’ Retirement Association and Board of Retirement of ACERA (S247095) (“Alameda”). The Court set oral argument for May 5, 2020. On that date, the Court will hear issues concerning several pay items for legacy members of County Employees’ Retirement Law of 1937 (CERL) systems.