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News

Announcement

Notice of Election
SamCERA Board of Retirement

 
SAN MATEO COUNTY EMPLOYEES’ RETIREMENT ASSOCIATION (SamCERA)

NOTICE OF ELECTION
TO ELECT THREE MEMBERS TO THE BOARD OF RETIREMENT

Notice is hereby given that one GENERAL MEMBER is to be elected to fill the third position, and one RETIRED MEMBER is to be elected to fill the eighth position on SamCERA’s Board of Retirement. An ALTERNATE RETIRED MEMBER will also be elected.

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Board of Retirement Investment Information
2019 February Board Meeting

At its meeting on February 26, 2019, the Board of Retirement approved a $25 million capital commitment to Taurus Mining Finance Fund II, L.P., as part of SamCERA’s Natural Resources portfolio within Private Real Assets.

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

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Board of Retirement Investment Information
2019 January Board Meeting

At its meeting on January 29, 2019, the Board of Retirement approved the transition of its TIPS separate account managed by Brown Brothers Harriman (BBH) to the BBH Intermediate Inflation Indexed Securities Fund.

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

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Important Information for Retirees in 2019
Changes to taxes and health plan premiums in 2019 could mean that you see a change in your monthly pension benefit in January.

Changes to taxes and health plan premiums in 2019 could mean that you see a change in your monthly pension benefit in January. Below are a few reminders:

Announcement

COLA Increase for 2019
At its January 29, 2019 meeting, the Board of Retirement approved a cost-of-living adjustment (COLA) for most retirees and beneficiaries.

At its January 29, 2019 meeting, the Board of Retirement approved a 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 December Board Meeting

At its meeting on December 4, 2018, the Board of Retirement approved a $30 million capital commitment to EQT Infrastructure IV, L.P., as part of SamCERA’s private real assets portfolio.  The Board also approved a $40 million capital commitment to the PIMCO Private Income Fund within the opportunistic credit sub-asset class within the fixed income portfolio.

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

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Board of Retirement Investment Information
2018 October Board Meeting

At its meeting on October 30, 2018, the Board of Retirement approved to hire Acadian Asset Management and PanAgora Asset Management for a low volatility equity mandate with an initial investment of 3% of plan assets (approximately $125-135 million) to each manager for a total allocation of 6% of plan assets (approximately $250-$270 million in aggregate).  

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

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Board of Retirement Investment Information
2018 September Board Meeting

At its meeting on September 25, 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 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.