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Board of Retirement Meeting Information: August 14, 2020 Meeting Agenda

Retirement Benefit Options
On your retirement application, you will select a retirement benefit option and name a beneficiary. These choices affect the amount of your lifetime retirement benefit and any benefit payable to your survivor upon your death. Read the Retirement Benefit Option fact sheet to learn more about each option and plan for retirement.

SJCERA's 2019 Financial Update
Retirement benefits are funded through member and employer contributions along with long-term investment earnings. Highlights of SJCERA's 2019 performance include:

  • Exceeded our 7.25% investment return target
    • 1 year return: 13.3% net of fees
    • 3-year return: 7.5% net of fees
  • Improved funded ratio
    • 64.7% up from 60.4%
  • Paid an average monthly benefit of $3,199 to 6,208 Retirees

Read more in the 2019 Popular Annual Financial Report (PAFR) or the more detailed 2019 Comprehensive Annual Financial Report (CAFR).