Board of Retirement Meeting Information: July 10, 2020 Meeting Agenda
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).
Board of Retirement Active, General Member Election Results
Emily Nicholas ran unopposed for the Second seat on the Board of Retirement and will begin her three-year term on July 1, 2020.