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“Compensation limits” do not refer to restrictions on the amount of salary your employer can pay you.  Rather, this term refers the maximum amount of compensation SamCERA can take into account when determining your contributions and calculating your monthly pension benefit under your retirement plan.

1099-R tax forms will be mailed by January 31, 2024 to the addresses we have on record for retirees. This form contains information about reportable income and taxable income from SamCERA for 2023. It will also reflect the amount of federal and California taxes that have been withheld, if any.

Access Your 1099-R Online

Your 1099-R is available online to view and print in the MySamCERA member portal.

At its meeting on September 26, 2023, it was reported that SamCERA made a $30 million commitment to Cerberus Institutional Real Estate Partners VI L.P., as part of SamCERA’s Private Real Assets portfolio within the Inflation Hedge category.

No further board action was taken related to SamCERA’s investment commitments or hires.

At its meeting on July 25, 2023, it was reported that SamCERA made a $25 million commitment to Gridiron Capital Fund V L.P. and a $20 million commitment to Charlesbank Technology Opportunities Fund II L.P, both as part of SamCERA’s buyout portfolio within Private Equity under the Growth category.

No further board action was taken related to SamCERA’s investment commitments or hires.

Benefits are paid at the end of the month (last business day) for the current month’s benefits.

First Benefit Payment

If you have recently retired, you will usually receive your first allowance payment by direct deposit at the end of the month following the month you retire (for example, if you retire any time in March, you will receive your first payment on the last business day in April). Also, due to processing time with your employer, it may be approximately 6-8 weeks before you receive your first retirement payment.