Month: July 2019

Board of Retirement Investment Information

Posted on by planeteria

At its meeting on July 16, 2019, the Board of Retirement approved a commitment of $30 million to Harrison Street Core Property Fund, L.P., as part of SamCERA’s real estate 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. 

Celebrating 75 Years!

Posted on by planeteria

SamCERA was founded on July 1, 1944 by the San Mateo County Board of Supervisors, and for the past 75 years, we have remained dedicated to serve as loyal fiduciary for our members and as prudent administrator of the retirement system.

There were less than 900 members when SamCERA was established, and today we proudly serve over 12,000 dedicated public employees and their beneficiaries.

Although many things have changed since 1944, one thing has remained constant: our commitment to providing our members with quality service and retirement security. We look forward to serving you for many years to come.

As we continue to celebrate 75 years of serving hard-working public employees, watch our website and newsletters for more history and highlights about your retirement system.

2019 SamCERA Board of Retirement Election Results

Posted on by planeteria
The nomination period for the 2019 Board of Retirement election closed on May 6, 2019 at 5:00 p.m. Each incumbent ran unopposed and was therefore certified elected by the San Mateo County Elections Officer. Al David was reelected to the General Member Third Seat, Paul Hackleman was reelected to the Retired Member Eighth Seat, and Alma Salas was reelected to the Alternate Retired Member Seat.

Elected Board Member Profiles

    • Al David is a manager with the San Mateo County Information Services Department. He is also a retired Army Reserve Lieutenant Colonel. He was first elected to the Board in 2008 to fill a vacancy and was reelected to a full term in 2009 and again in 2012, serving through 2015. He was elected again in March 2017 to fill an unexpired term. He is currently the Board Secretary and has previously served as Board Chair.
    • Paul Hackleman served as the County Benefits Manager from 1982 through March 2008. He is also a former member of the Retirement Board, having served from June 2005 through March 2008 while actively employed. He was then elected by the Retired Members to serve on the Board in 2010, 2013, and 2016. In addition to serving on the Board, he is the head of I.C. Benefits Consulting.
    • Alma Salas was a Probation Services Manager with the San Mateo County Probation Department before her retirement in May 2013. Alma first joined the Board in May of 2001 and served as Board Chair during the 2004-05 fiscal year. She was elected in 2013 to serve as the Retiree Alternate and was reelected in 2016.

Additional Information

The elected Board Members will serve a 3-year term commencing July 1, 2019 and ending June 30, 2022. The next scheduled SamCERA Board of Retirement election will be in 2021, when the General Member Second Seat, the Safety Member Seventh Seat, and the Safety Alternate Seat will be up for election. Board vacancies and election information are posted at www.samcera.org, and general information about the Board of Retirement can be found at www.samcera.org/board-retirement.