San Bernardino County Employees' Retirement Association (SBCERA) Market Research Report
Company Overview
Name, Mission of the Company
Company Name: San Bernardino County Employees' Retirement Association (SBCERA)
Mission: SBCERA is dedicated to providing retirement, disability, and death benefits for its members. It aims to serve its approximately 48,000 members through a defined benefit pension plan, ensuring financial stability for retirees and beneficiaries.
Founded and Founders
Founded: No information is available
Founded By: No information is available
Key People
- Chief Executive Officer: Debby Cherney
- Chief Counsel: Barbara Hannah
Headquarters
Address: 348 W. Hospitality Lane, Suite 100, San Bernardino, CA 92408
Number of Employees
No information is available
Revenue
No information is available
Known For
SBCERA is known for its defined benefit pension plan that provides lifetime retirement benefits based on years of service, age at retirement, final average compensation, and benefit formula.
Products
Defined Benefit Pension Plan
- Description: An independent defined benefit pension plan that offers retirement, disability, and death benefits.
- Key Features:
- Lifetime Retirement Benefit: Based on years of service, age at retirement, final average compensation, and benefit formula.
- Disability Benefits: Available to members who become disabled and are no longer able to work.
- Death Benefits: Provided to beneficiaries of members who pass away during employment.
Recent Developments
New Products Launched
- Cost-of-Living Adjustment (COLA): A 2.0% COLA effective April 1, 2024.
New Features Added
No information is available
New Partnerships
No information is available
Other Recent Developments
- Investment Return: SBCERA reported a preliminary 9.3% net return on investments for the fiscal year ending June 30, 2024, with assets standing at $15.2 billion.
- Video Series Launch: Introduction of the "We Are SBCERA" video series, featuring stories about members and their experiences.
- Election Candidacy Materials: Candidacy materials for the 2024 Board of Retirement election are now available.
- Statewide Recognition: SBCERA received statewide recognition from the California Association of Public Information Officials (CAPIO) for its commitment to effective communications, specifically for the Quick Tip Video Series and Life After Retirement Newsletter.
Additional Information
Members and Outreach
- Participation: Serving 17 employers throughout California with approximately 48,000 members.
- Investment Value: Managing and investing more than $15 billion in assets.
Engagement and Resources
- Resources Available: Planning for retirement, seminars, member benefits, forms, and upcoming pay dates.
- Communication: Multiple newsletters designed to support members at various stages of retirement planning.
Contact Information
- Phone: (909) 885-7980
- Toll-Free: (877) 722-3721
- Fax: (909) 885-7446
This report contains all available data on the San Bernardino County Employees' Retirement Association (SBCERA). Any fields without provided information have been clearly marked as "No information is available."
