Annual Member Statements for the year ended December 31, 2023 have been sent via interoffice mail to your department. Deferred member statements will be mailed out at a later date to the address we have on file.
SJCERA's 2023 Financial Update
Retirement benefits are funded through member and employer contributions along with long-term investment earnings. For the year ended December 31, 2023, the total fund generated a gross of fees return of 9.5%, above the assumed rate of 6.75%.
