Month: November 2022

Board of Retirement Investment Information

Posted on by planeteria

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.

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. 

Important Dates and Information About the New 2023 W4-P

Posted on by planeteria

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.  

Submitted By 12/15/22: Please continue using the 2021 W4-P form for all tax withholding submissions/changes. SamCERA will reject any 2021 forms received on or after 12/16/22.

Submitted On or After 12/16/22: Please use the new 2022 or 2023 W4-P form for all tax withholding submissions/changes. SamCERA will reject all other forms submitted on or after 12/16/22. Please note, SamCERA will not be able to process any 2023 W4-P withholding elections until 1/1/23.

For more information, see the Tax Information page of the website which includes links to the current form to use and additional information about tax withholdings.