At its meeting on March 28, 2023, it was reported that SamCERA made a $20 million re-up capital commitment to Genstar Capital Partners XI, LP, as part of SamCERA’s Buyout portfolio within Private Equity.
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.
At its meeting on April 25, 2023, the Board of Retirement approved a re-up commitment of $25 million to LS Power Equity Partners V 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.
At its meeting on May 23, 2023, the Board of Retirement selected NISA to manage a passive long duration Treasury account totaling 3% of plan assets (or approximately $177 million).
The Board also approved a $60 million investment to One Williams Street Capital Partners Fund, as part of SamCERA’s opportunistic credit portfolio within the Growth category.
Lastly, the board approved a commitment of $20 million to MGG Structured Solutions Fund II L.P., as part of SamCERA’s Debt-Related/Special Situations portfolio within Private Equity under the Growth category.
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.
At its meeting on March 22, 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.
Benefits are paid at the end of the month (last business day) for the current month’s benefits.
First Benefit Payment
If you have recently retired, you will usually receive your first allowance payment by direct deposit at the end of the month following the month you retire (for example, if you retire any time in March, you will receive your first payment on the last business day in April). Also, due to processing time with your employer, it may be approximately 6-8 weeks before you receive your first retirement payment.
Benefit Statements
Monthly benefit statements are available to view and print on the MySamCERA member portal at www.mysamcera.org.
SamCERA has issued a Request for Proposal for a financial education provider. The provider shall develop a course of instruction, which will be presented by qualified instructors, and supporting course materials to provide SamCERA members with financial education on various topics to assist them in their retirement planning. Examples of topic areas are: retirement planning and saving, money management, investing, estate planning, and working with financial professionals.
It is SamCERA’s intent to secure the services of a provider and to enter into a three-year contract. The provider will be prohibited from marketing any financial products to attendees during the term of the contract.
Proposals must be received no later than 5:00 p.m. on March 24, 2022.
Proposal Process
Event
Date
Release of RFP
February 18, 2022
Deadline for Written Questions
March 3, 2022 by 12:00 noon
Release of Responses to Written Questions
March 10, 2022
Proposal Due Date and Time
March 24, 2022, by 5:00 p.m.
Review of Proposals
Week of March 28, 2022
Invited Finalists presentation
Week of April 11, 2022
Contract Negotiations
During April – May 2022
Board of Retirement Approval
May 31, 2022
Anticipated Contract Start Date
July 1, 2022
More Information
For more information and details about this request for proposal, please read the full RFP, attached as a PDF to this webpage under “Related Links.”
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).
Pursuant to Government Code Section 54957/1(a)(7), it was also reported that the Board, during closed session at its April 28, 2022 meeting, authorized the sale of SamCERA’s interests in three funds — Angeles Equity Partners I L.P., JLL Partners Fund VII L.P., and New Enterprise Associates 14 L.P. – in the secondary marketplace if certain parameters were satisfied. If was further announced that the investment transaction had closed. Section 54957.1(a)(7) provides for the reporting of the approval of sales or purchases of investments at the first open meeting following the closing of such transactions.
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.
At its meeting on February 22, 2022, the Board of Retirement approved a $25 million re-up commitment to Altas Partners Holdings III LP, as part of SamCERA’s Buyout 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.
1099-R tax forms were mailed on January 21, 2021 to the addresses we have on record for retirees. This form contains information about reportable income and taxable income from SamCERA for 2020. It will also reflect the amount of federal and California taxes that have been withheld, if any.
Access Your 1099-R Online
Beginning on January 22, 2021, you will be able to view and print your 1099-R online in the MySamCERA member portal.
After logging in, click on “My Documents” in the navigation menu, and from there you have the option to view or print a copy of current and past 1099-Rs.
At its meeting on April 27, 2021, the Board of Retirement approved a $50 million capital commitment to Invesco Real Estate U.S. Fund VI 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.
