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2017 SDCERA Health Program Update

At the June 16th Board of Retirement meeting, SDCERA announced it will continue offering group healthcare plans to retired members.

The Board also unanimously approved the following recommendations from the SDCERA Benefits Committee:

  1. Renewal of Health Plans for Calendar Year 2017 with no plan design changes;
  2. Transfer administration of Health Program to Mercer, SDCERA’s current provider of health consulting services;
  3. Health Administrative Fee of $4.85 per plan per month. This is an increase of $0.85 to current $4.00 fee.

Click here to view a video of the discussion of the Benefits Committee Report at the June 16 Board of Retirement meeting.

Meeting Notification – SDCERA Board of Retirement

SDCERA Board of Retirement Meeting
June 16, 2016
8:30 a.m.

At the upcoming Board of Retirement meeting, the Board will be discussing and taking action on recommendations from the SDCERA Benefits Committee for the following items:

  1. Approve Committee’s recommendation to continue offering SDCERA group healthcare plans to retired members;
  2. Renewal of Calendar Year 2017 Health Plans with no plan design changes;
  3. Discussion and consideration of transferring administration of Healthcare Program to Mercer, SDCERA’s current provider of health consulting services.
  4. Calendar Year 2017 Health Administrative Fee

RESDC Board members and staff will be attending this meeting.   Stay tuned for an update on the Board’s action(s).  Additional background on these items can be accessed by clicking directly on the following links:

For access to the full agenda and meeting details, click here.

Arizona Voters Pass Benefit Cuts Agreed to by Police & Firefighters

Prop 124 in Arizona passed easily on May 17 amid wide support from police, firefighters and elected officials who fashioned the plan to reduce the cost of public safety pensions and improve the financial health of the retirement system. A key feature of the proposal will link cost of living adjustments (COLA) for retirees to the consumer price index with an annual cap of 2%. An annual 4% compounded increase has been paid out to retirees for two decades, significantly hindering the ability of the retirement fund to cover future benefits. Read more: http://www.azcentral.com/story/news/politics/elections/2016/05/18/big-prop-124-win-change-public-safety-pensions/84459132/

Santa Clara County Wants “Age-Friendly” Designation

Santa Clara County and Silicon Valley’s 15 cities are partnering in a survey of seniors to better serve an aging population. Seeking input on specific needs of older residents is part of a push for the region to become the first “Age-Friendly County” in California recognized by the World Health Organization. As Baby Boomers age, about 28% of the county’s population will reportedly be over 60 by 2030. County officials believe collaboration between the county and its cities will be critical to delivering the future services wanted and needed by residents. Read more: http://www.mercurynews.com/news/ci_29860418/santa-clara-county-asks-seniors:-what-do-you-need

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