Annual Financial Reports

Comprehensive Annual Financial Report and Popular Annual Financial Report

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SBCERA creates a Comprehensive Annual Financial Report each year to report all financial, investment, actuarial and statistical information for the fiscal year. It is published at the end of each calendar year for the previous fiscal year. The CAFR is considered a valuable resource for current and historical financial SBCERA data.

The information contained in each CAFR and PAFR listed below has not been updated for developments subsequent to its issuance.

Comprehensive Annual Financial Reports (CAFR)

Comprehensive Annual Financial Report (CAFR) 2019

Dated Information for Historical Reference Only.

CAFR 2018
CAFR 2017
CAFR 2016
CAFR 2015
CAFR 2014
CAFR 2013
CAFR 2012

Popular Annual Financial Reports (PAFR) 

Popular Annual Financial Report (PAFR)

The Popular Annual Financial Report (PAFR) summarizes the SBCERA Comprehensive Annual Financial Report (CAFR) for the fiscal year. The PAFR is SBCERA’s opportunity to share highlights of SBCERA’s achievements, financial information covering the primary sources and uses of SBCERA’s assets, and the performance of SBCERA’s portfolio.

Both the CAFR and PAFR are formatted as PDF documents of large file size. If you do not have the Adobe Acrobat Reader, please download it.

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Coronavirus Updates

Our office is currently closed to the public, but we're working and available to assist you. Pension payments are on schedule and we are processing retirements. Visit our coronavirus (COVID-19) resource page for more information.

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