Is Sdcers part of CalPERS?
SDCERS has reciprocity with CalPERS as well as other independent and county retirement systems in California. If you meet the requirements, you may establish reciprocity when leaving SDCERS for a reciprocal agency, or when entering SDCERS if coming from a reciprocal agency.
Who is CalPERS chief investment officer?
SACRAMENTO, Calif. – Completing an international search and extensive recruitment process, the California Public Employees’ Pension Retirement System (CalPERS) announced today the appointment of Nicole Musicco as its new chief investment officer.
Is CalPERS better than CalSTRS?
The Difference Disability benefits paid by CalSTRS are generally higher than those paid by CalPERS, but CalPERS members also may be eligible for disability benefits under Social Security. In addition, CalSTRS benefits increase if there are dependent children; CalPERS provides no coverage for dependent children.
Can you combine CalSTRS and CalPERS?
Can I belong to CalSTRS and CalPERS? You can keep your account with the old retirement system and have your new job under the new retirement system. In this case, you can retire from both systems at the same time for a concurrent retirement.
Who is the Chief Investment Officer of CalSTRS?
Christopher Ailman has been the chief investment officer of CalSTRS since October 2000. He leads an investment staff of more than 200 and oversees a portfolio valued at $319.9 billion as of November 30, 2021. He has more than 37 years of institutional investment experience.
Is sdcers involved in the San Diego city pension case?
Note: SDCERS is not a party to this litigation. SDCERS administers the City’s pension system pursuant to the relevant provisions of the City Charter and San Diego Municipal Code – it does not play a part in negotiating the pension benefits it is charged with administering.
Does the California governor make investment decisions on behalf of CalSTRS?
While the governor of the State of California does not make investment decisions on behalf of CalSTRS, CalSTRS regulations governing investment relationships and campaign contributions found at Title 5, California Code of Regulations, Sections 24010-24013, extend to the Governor and candidates for the office of Governor.
Who is on the sdcers Board of administration?
SDCERS’ two active General Board Members (Thomas Battaglia and Jeffrey Wallace) and active Fire Safety Board Member (Michael McBride) will complete their four-year term on SDCERS’ Board of Administration on March 31, 2021. Therefore, SDCERS will be holding elections to fill these soon-to-be vacated seats.