Latest News
Investment Update in Response to COVID-19
March 30, 2020
SBCERA members and employers,
We want to reassure you that despite these turbulent times and markets, your pension has mechanisms and strategies to protect your income, now and in the future. Since the initial spread of coronavirus (COVID-19), we have seen a global economic stress and related volatility in markets. This has undoubtedly challenged the pension industry.
Message from SBCERA CEO, Debby Cherney
March 15, 2020
“As the world confronts the spread of the coronavirus (COVID-19), I wanted to update you on how SBCERA is responding.”
2.00% COLA Approved
February 6, 2020
The SBCERA Board of Retirement has approved a 2.00% Cost-of-Living Adjustment for retirees and beneficiaries, effective April 1, 2020. Any members who retire on or before April 1, 2020, will receive the COLA and the increase will automatically be included in benefit payments beginning April 30, 2020.