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San Mateo County Employees' Retirement Association
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Are you getting ready to retire?
There are some important things inactive members should know about retirement

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Learn more about your COLA
Get this year's cost-of-living adjustment (COLA), plus find out how COLA is calculated

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Get an accurate retirement benefits estimate
Login to MySamCERA for the most accurate look at your future pension

About SamCERA

News

Overview

News

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Board of Retirement Investment Information
2023 February Board Meeting

At its meeting on February 28, 2023, the Board approved a new asset allocation policy. The changes include a 2% increase to Growth assets, a 1% reduction in Diversifying assets and a 1% reduction in Inflation Hedge assets. The new policy has a target allocation of 59% to Growth assets, 18.5% to Diversifying assets, 17% to Inflation Hedge assets and 5.5% to Liquidity assets.

The Board of Retirement then approved a re-up commitment of $10 million to Eclipse Fund V L.P., as part of SamCERA’s Venture Capital portfolio within Private Equity.

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Board of Retirement Investment Information
2023 January Board Meeting

At its meeting on January 24, 2023, the Board of Retirement approved the implementation of a dynamic currency hedge program with Record Currency Management Limited.

The Board also approved a $20 million commitment to KSL Capital Partners VI LP, as part of SamCERA’s Infrastructure portfolio within Private Real Assets.

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

Announcement

COLA Increase for 2023
At its January 24, 2023 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries that will begin with the April 2023 benefit payment.

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Retirees: 2022 Tax Forms Are Available Now
1099-R Annual Tax Reporting Statements were mailed on January 11, 2023, and are available online now.

1099-R tax forms were mailed on January 11, 2023 to the addresses we have on record for retirees. This form contains information about reportable income and taxable income from SamCERA for 2022. 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.

Announcement

Notice of Special Election
SamCERA Probation members have an opportunity to run for the Alternate Safety Member seat on the SamCERA Board of Retirement, which is currently vacant. Read the Notice of Special Election for important dates and additional information.

SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
(SamCERA)

NOTICE OF SPECIAL ELECTION
TO ELECT A SAFETY ALTERNATE TO THE BOARD OF RETIREMENT

Notice is hereby given that one PROBATION MEMBER is to be elected to fill the unexpired term for the Alternate Safety Member seat on SamCERA’s Board of Retirement at a special election to be held on March 6, 2023. 

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Compensation Limits for 2023
Learn about updated compensation limits in 2023 for Plan 7 members, and the 2023 IRS compensation limit for members hired after July 1, 1996.

“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.

Announcement

2023 Service Purchase Schedule
There are two separate periods of time during 2023 to make service purchases.

Depending on your circumstances, you may be eligible to purchase service credit that can count toward your total years of service and may increase your retirement benefit. 

Purchase Request forms may be submitted for the purchase of Extra Help time, Plan 3 and Plan 5 service upgrades, certain military leave, unpaid sick leave, and parental leave. Returning SamCERA members can also make a Purchase Request for a redeposit of withdrawn funds. 

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Board of Retirement Investment Information
2022 December Board Meeting

At its meeting on December 6, 2022, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Important Dates and Information About the New 2023 W4-P
Learn about when you should start using the new 2023 W4-P form for tax withholdings.

The Internal Revenue Service (IRS) revised the W4-P federal tax withholding form in 2022. SamCERA will begin using the new IRS W4-P forms, which are for periodic payments only, on January 1, 2023. 

If you need to make new withholding elections or make a change to your current elections, it is important to use the correct form based on your submission date to prevent delays with your withholding elections.  

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MySamCERA – Upcoming Scheduled Maintenance
The MySamCERA member portal and mobile app will be down for scheduled maintenance on Friday, November 4 from 7:30 AM to 8:00 AM

We will be using this time for scheduled maintenance on the member portal and mobile app, and we appreciate your patience and understanding. If you have questions, please email samcera@samcera.org.

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2022 Annual Comprehensive Financial Report
Learn about SamCERA’s financial standing through fiscal year ending June 30, 2022 in the newly released 2022 Annual Comprehensive Financial Report.

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Board of Retirement Investment Information
2022 November Board Meeting

At its meeting on November 1, 2022, the Board of Retirement approved a $25 million commitment to Davidson Kempner Opportunities Fund VI LP, as part of SamCERA’s Debt-Related/Special Situations portfolio within Private Equity.

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

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Board of Retirement Investment Information
2022 September Board Meeting

At its meeting on September 27, 2022, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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Board of Retirement Investment Information
2022 August Board Meeting

At its meeting on August 23, 2022, the Board of Retirement approved a $15 million commitment to Angelo Gordon CSF2A (Annex) Dislocation Fund LP, as part of SamCERA’s growth risk-bucket within opportunistic credit (fixed income asset class).

Announcement

Notice of Special Election
SamCERA Probation members have an opportunity to elect the Alternate Safety Member seat on the SamCERA Board of Retirement, which is currently vacant. Read the Notice of Special Election for important dates and additional information.

SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION
(SamCERA)

NOTICE OF SPECIAL ELECTION
TO ELECT A SAFETY ALTERNATE TO THE BOARD OF RETIREMENT

Notice is hereby given that one PROBATION MEMBER is to be elected to fill the unexpired term for the Alternate Safety Member seat on SamCERA’s Board of Retirement at a special election to be held on September 6, 2022. 

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Board of Retirement Investment Information
2022 July Board Meeting

At its meeting on July 26, 2022, no board action was taken related to SamCERA’s investment commitments or hires.

More information on SamCERA’s commitments may be available in SamCERA’s Board of Retirement meeting minutes. Minutes for a given Board meeting are usually approved at the next regular meeting and will be posted shortly thereafter. 

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2022-23 Contribution Rates
SamCERA has updated its contribution rates for members and employers, effective July 2022.

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Board of Retirement News
Learn about the 2022 SamCERA Board of Retirement election results, and other recent Board of Retirement updates.

2022 SamCERA Board of Retirement Election Results

The nomination period for the 2022 Board of Retirement election closed on May 2, 2022, at 5:00 p.m. Al David and Nicole McKay ran unopposed and were deemed elected to the Board, while Alma Salas was elected to the Retired Member Seat at the Monday, June 13, 2022 election. 

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Office Closed on Wednesday, 6/22
The SamCERA office will be closed on Wednesday, 6/22 for walk-in's and in-person visits due to construction.

For assistance during this temporary office closure, please contact us by phone at 650-599-1234 or by email at samcera@samcera.org.

Thank you for your patience and understanding.

Announcement

An important update is available for the MySamCERA mobile app
We just released a new update for the MySamCERA mobile app, and it is available in the Apple Store and Google Play Store now.

The MySamCERA mobile app makes it easier for you to manage your pension account than ever before!

Existing Users: To continue using the app, you’ll need to download and install the latest version available in the Apple App Store and Google Play Store.

New Users: The new login and registration process is simple with an account registration wizard that will have you up and running in minutes. If you already have a MySamCERA login, your current credentials will work on the app, too. Download the app today to streamline your pension management and put your retirement details at your fingertips anywhere, anytime.

Apple App Store 

Google Play Store 

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Do you have a question for SamCERA?
Call or send us an email.