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In this Edition:
- Board of Retirement Election: General, Retired, and Alternate Retired Members of the Board of Retirement
- SBCERS Santa Maria Office is Moving!
- 2020 COLA Tracker
- June 2020 Investment Results
- June 24 & 25, 2020 Board of Retirement Meeting Highlights
- July 22, 2020 Board of Retirement Meeting Agenda Available
- CareCounsel Information
- RESBC Membership Information
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Board of Retirement Election: General, Retired, and Alternate Retired Members of the Board of Retirement
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An election will be held September 8 – September 29, 2020, to select three members of the Board of Retirement of the Santa Barbara County Employees’ Retirement System: one General, one Retired, and one Retired Alternate member.
Ballots will be mailed to eligible members on Tuesday, September 8, 2020 and must be returned via USPS by 5:00 p.m. on Tuesday, September 29, 2020. The in-person count will take place at SBCERS Santa Barbara office on Wednesday, September 30.
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SBCERS Santa Maria Office is Moving!
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The Santa Maria office is moving in August!
Please update your records with our new address beginning on August 24, 2020:
2236 S. Broadway, Suite D
Santa Maria, CA 93454
Our phone numbers, email addresses, and website have remained the same. Please note that both Santa Barbara and Santa Maria offices remain closed to the public until further notice due to COVID-19. We look forward to greeting you in our new home when it is safe to do so.
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For June 2020, Los Angeles Area Inflation (year over year) was 1.36%.
Click
HERE
or on the chart above to see monthly inflation figures compared to last year.
Want to track the COLA on your own? On the 15th of each month, the U.S. Department of Labor, Bureau of Labor statistics releases CPI data for Los Angeles. Click
HERE
to read the current Bureau of Labor Statistics report.
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June 2020 Investment Results
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The Total Fund
returned
1.46
% for the month of June net of fees. Fiscal year ending June 30, 2020, the portfolio returned -0.12%, experiencing a loss of approximately $1.24 million.
Click
HERE
to read the full June 2020 Investment Flash Report.
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June 24 & 25, 2020 Board of Retirement Meeting Highlights
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At the Board of Retirement's June 24, 2020 meeting, the Board received a monthly Public Markets update,
General Investment Consultant Strategic Plan, and Equity Structure Review from RVK, Inc.
T
he Board also approved
COVID-19 related family leave and sick leave earnings codes for the Santa Barbara County Superior Court, Santa Barbara County Air Pollution Control District and Carpinteria-Summerland Fire Protection District. Finally, the Board approved charters and SBCERS Bylaws.
At the June 25, 2020 meeting, the Board approved the 2020-2021 Fiscal Year Budget, and reviewed and approved the Securities Litigation Policy and the Elections Policy.
Draft minutes for the June 24, 2020 regular Board of Retirement meeting can be found
HERE
and the draft minutes for June 25, 2020 regular Board of Retirement meeting can be found
HERE
.
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July 22, 2020 Board of Retirement Meeting Agendas Available
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M
embers of the public who would like to make a public comment may email
clerkoftheboard@sbcers.org
for instructions on how to do so remotely.
Click
HERE
to access the agenda and board m
aterials on our agenda management website.
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Want help with your Health Care Inquiries and Concerns?
Looking for a stress-free solution to your healthcare inquiries and, or concerns? CareCounsel is our health advocacy partner and is a service offered as part of your benefit package. CareCounsel works independently from your insurance carrier and is a completely confidential resource.
It’s easy, call: (888-227-3334), or email
staff@carecounsel.com
Monday through Friday 6:30 am to 5:00 pm PST. After hours, you can leave a message and they will get back to you the next business day.
A few examples of why you should contact CareCounsel:
- Education
- Making Sense of Medicare
- Benefits and Coverage Questions
- Claims and Billing Assistance
- Eligibility Status
- Quality Concerns
- Grievances and Appeals
- Assistance with Locating Healthcare Providers
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RETIRED EMPLOYEES OF SANTA BARBARA COUNTY (RESBC)
RESBC
is a non-profit organization dedicated to improving the lives of county retirees by providing information on critical retirement issues and offering educational/cultural social opportunities. Membership in RESBC is $2.50 monthly. Dues are deducted from the member’s Santa Barbara County pension payment. County employees may join RESBC by completing the RESBC Membership Deduction Authorization form at the time of their retirement exit conference.
Retirees may join at any time by requesting a membership form from SBCERS, 3916 State Street, Suite 100 Santa Barbara, CA 93105, 1-877-568-2940 or, by clicking
HERE
and sending the completed form to
benefits@sbcers.org
.
RESBC Membership benefits include:
- 4 issues of the RESBC newsletter per year
- 4 subsidized luncheon meetings per year held at various county locations
- Opportunities to participate in subsidized day trips and special events
- Attendance at special presentations on critical issues such as health insurance, pension litigation, pension-related court decisions, etc
- Opportunity to socialize and have fun with former co-workers and friends
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Have a question about an item in this newsletter?
Call a Benefit Representative at 1-877-568-2940. We are ready to help you!
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Want to look at prior Newsletters?
Click
HERE
to visit the SBCERS Newsletter Archive.
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