7Th Member Of The Board - Elected By The Public Safety Membership
CurrentThe Board of Retirement, as the governing body of SamCERA, has a variety of responsibilities. All investments of the retirement fund are the responsibility of the Board, and the management and administration of SamCERA are vested with the Board.In general, the Board’s responsibilities include setting and acting upon investment objectives and strategies to fund the benefits to be paid by SamCERA, adopting actuarial assumptions and recommending employer and employee contribution rates to the Board of Supervisors, approving SamCERA’s budget, regulations, policies and procedures for administrating the system to ensure the prompt delivery of the benefits, and determining whether or not members are eligible to receive disability retirements.