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Board of Retirement Investment Information
2018 August Board Meeting

At its meeting on August 28, 2018, the Board of Retirement approved a $20 million capital commitment to ABRY Advanced Securities Fund IV, L.P., as part of SamCERA’s private equity portfolio.

The Board of Retirement also approved the implementation of a passive 50% developed market currency hedge utilizing SamCERA’s current cash overlay manager, Parametric, and allocating in 10% quarterly tranches.

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

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Board of Retirement Investment Information
2018 July Board Meeting

At the meeting on July 24, 2018, staff notified the Board that the Cushing MLP Alpha Total Return was selected for its MLP strategy, in accordance with the Board’s direction, and that the $80 million funding will be sourced 50% from TIPS and 50% from liquid real assets. 

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

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2018 SamCERA Board of Retirement Election Results
The certified results are in from SamCERA’s June 2018 Board of Retirement election. Congratulations to Katherine OMalley, Robert Raw and Susan Lee. 

The certified results are in from SamCERA’s June 2018 Board of Retirement election. Congratulations to Katherine OMalley, Robert Raw and Susan Lee.

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Board of Retirement Investment Information
2018 May Board Meeting

At its meeting on May 22, 2018, 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
2018 April Board Meeting

At its meeting on April 24, 2018, 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. 

Announcement

Notice of Election
SamCERA Board of Retirement

IMPORTANT NOTICE – PLEASE POST
SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION (SamCERA)

NOTICE OF ELECTION TO THE BOARD OF RETIREMENT – GENERAL MEMBER AND SAFETY MEMBER AND ALTERNATE SAFETY MEMBER SEAT

There will be an election conducted via mail ballots on June 11, 2018, for active member seats on the Board of Retirement.  The election will be for one GENERAL MEMBER to fill the second position and one SAFETY MEMBER to fill the seventh position.

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Board of Retirement Investment Information
2018 March Board Meeting

At its meeting on March 27, 2018, 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
2018 February Board Meeting

At its meeting on February 27, 2018, the Board of Retirement approved a $20 million capital commitment to LS Power Fund IV, L.P., 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.

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. 

Announcement

2017 1099-Rs
1099-Rs were mailed out on January 31st and now are available in MySamCERA.

You can also view and print your 1099-R by logging into MySamCERA and clicking on “My 1099s.”

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Board of Retirement Investment Information
2018 January Board Meeting

At its meeting on January 23, 2018, 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. 

Announcement

COLA Increase for 2018
At its January 23, 2018 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries.

At its January 23, 2018 meeting, the Board of Retirement approved the following cost-of-living adjustment (COLA) for retirees and beneficiaries in accordance with each plan as shown on the chart below:

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Board of Retirement Investment Information
2018 January Special Board Meeting

At its special meeting on January 8, 2018, the Board of Retirement approved a $20 million capital commitment to Sycamore Partners III, L.P., as part of SamCERA’s private equity portfolio.

No further 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
2017 December Board Meeting

At its meeting on December 5, 2017, 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
2017 October Board Meeting

At its meeting on October 31, 2017, 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
2017 October Special Board Meeting

At its special meeting on October 16, 2017, the Board of Retirement approved a $15 million capital commitment to Bernhard Capital Partners II, L.P., as part of SamCERA’s private equity portfolio.

No further 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
2017 September Board Meeting

At its meeting on September 26, 2017, the Board of Retirement authorized the CEO to execute an agreement with Verus Advisory, Inc. for investment consulting services.

No further 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.