SDCERA Issues RFP for Actuarial Auditing Services

The San Diego County Employees Retirement Association (SDCERA) is seeking proposals from qualified actuarial firms for actuarial auditing services.

Click the links below to see the Request for Proposal (RFP) and related documents.

Important Dates

Request for Proposal (RFP) IssuedDecember 4, 2023
Questions Due DateDecember 15, 2023
SDCERA ResponsesDecember 21, 2023
Proposal Submission Due Date  January 12, 2024, at 5 pm PST
SDCERA Proposal Evaluation, Selection, NegotiationJanuary 13-31, 2024
Execute Contract AgreementFebruary 9, 2024

Background

SDCERA is a public retirement system established by the County of San Diego (County) on July 1, 1939, pursuant to California’s County Employees Retirement Law of 1937. SDCERA administers retirement, disability, and survivor benefits for more than 50,000 members who are active, retired, or former employees of the County (SDCERA’s Plan Sponsor) or one of SDCERA’s four Participating Employers (the San Diego Local Agency Formation Commission, the San Dieguito River Park Joint Powers Authority, the San Diego County Office of Education, and the Superior Court of California – County of San Diego) or their beneficiaries. SDCERA has over $16 billion in assets under management for current and future benefits. SDCERA is governed by an independent, nine-member Board of Retirement with two alternate members.

SDCERA Issues RFP for Disability Counsel

The San Diego County Employees Retirement Association (SDCERA) is seeking proposals from qualified law firms to provide legal services related to SDCERA’s disability retirement hearing process.

Click the links below to see the Request for Proposal (RFP) and related documents.

Important Dates

Request for Proposal (RFP) IssuedJanuary 3, 2024
Questions Due DateJanuary 12, 2024
SDCERA ResponsesJanuary 17, 2024
Proposal Submission Due Date  January 26, 2024, at 5 pm PST
SDCERA Proposal Evaluation and InterviewsJanuary 29-February 2, 2024
SelectionFebruary 5-7, 2024

Background

SDCERA is a public retirement system established by the County of San Diego (County) on July 1, 1939, pursuant to California’s County Employees Retirement Law of 1937. SDCERA administers retirement, disability, and survivor benefits for more than 50,000 members who are active, retired, or former employees of the County (SDCERA’s Plan Sponsor) or one of SDCERA’s four Participating Employers (the San Diego Local Agency Formation Commission, the San Dieguito River Park Joint Powers Authority, the San Diego County Office of Education, and the Superior Court of California – County of San Diego) or their beneficiaries. SDCERA has over $16 billion in assets under management for current and future benefits. SDCERA is governed by an independent, nine-member Board of Retirement with two alternate members.

Annual PCORI Fee

If you have received reimbursement from the Health Insurance Allowance (HIA) or Medicare Part B programs, you will see a “PCORI fee” deducted from your March pension payment. The Affordable Care Act requires HIA and Medicare Part B reimbursement participants to pay an annual fee to the Patient-Centered Outcomes Research Institute (PCORI).

SDCERA Board Approves Maximum 2024 COLA

The SDCERA Board of Retirement approved the maximum cost-of-living adjustment (COLA) for retirees at their February 15 meeting.

  • Tier I, II, and A members will receive the maximum COLA of 3% and 2.11% goes into the COLA bank.
  • Tier B, C, and D members will receive the maximum COLA of 2% and 3.11% goes into the COLA bank.

The COLA will go into effect on April 1, and retirees and beneficiaries will see it in their April 30 pension payments.

To learn more about COLA and the COLA bank, click the button below.