New SBCERS Retirement Benefit Statement

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Welcome to the newly enhanced SBCERS Retirement Benefit Statement format, which will be effective beginning the October 1, 2019 Benefit Payment. We are excited to provide you with improvements including:

  • A larger, easier to read font.
  • The tri-fold, perforated page is being replaced with a standard 8 ½ by 11 inch page in a standard envelope. This standard sized page will be easier to file.
  • Your Care Counsel healthcare advocate deduction no longer reads $0.00, it reads the amount that has always been deducted from your offset: $3.25
  • The actual insurance premium amounts are now listed in the Deduction section, so you can see the actual cost of your premium. This amount now matches what is listed in our Open Enrollment booklet, our rate sheets, and is now an easy to find number you can use to know the true total cost of your insurance.
  • The amount of your insurance subsidy, the amount your former employer pays to reduce your premium, is listed in the Deductions section as a negative amount, because it is reducing your cost
  • A newly enhanced "Insurance Subsidy or HRA" section lists what your share of the monthly insurance premiums is, or, if you have a Health Reimbursement Arrangement Account, the HRA amount awarded to you for the month.
  • A larger, easier to read Monthly Message center.
We hope you find the new Retirement Benefit Statement useful, and we look forward to continuing to improve our communications to you.

Preliminary Investment Returns for the Fiscal Year Ending June 30, 2019

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Santa Barbara County Employees Retirement System (SBCERS) reported that the fund returned an estimated 8.10% on a gross basis. This resulted in a net of fees return of 7.74% for the fiscal year ending June 30, 2019. SBCERS Invested Assets at the end of the fiscal year stood at $3.17 billion, an increase of more than $202 million above the prior fiscal year end asset value.

Additional information about the funded status of the plan and the impact of this year's investment performance on future contribution rates will be available in Fall 2019 upon completion of SBCERS actuarial triennial experience review process.

Total Fund Annualized Performance as of June 30, 2019
18-19 Investment Return Chart

2019-06-30 Investment Returns

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What's New

Click on the pink button below to view the new SBCERS Retirement Statement Sample

Click the orange button below to access videos from the May 2019 Retirement Basics Workshops

Click the blue button below to view the most recent Board of Retirement Agenda

Click the white button below to view the latest SBCERS Email Newsletter

Click the green button below to sign up for the SBCERS Email Newsletter

Email Newsletter Sign Up

Click the yellow button below to view the 2019 Cost of Living Approved


An election will be held September 5 – September 25, 2019, to select two members and an alternate member of the Board of Retirement of the Santa Barbara County Employees' Retirement System, a member elected by active general employees and a member and an alternate member elected by safety employees. Successful candidates will serve three-year terms beginning January 1, 2020, and ending December 31, 2022. 

To view the full Election Notice,  click here