CELEBRATING 75 YEARS
1944-2019
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In this Edition:
- Board of Retirement Special Election: 3rd General Member
- Board of Retirement Election Results for the 2nd General, 7th Safety, and 7th Safety Alternate Members
- Open Enrollment Reminder
- 2019 COLA Tracker
- September 2019 Investment Results
- September 25, 2019 Board of Retirement Meeting Highlights
- October 23, 2019 Board of Retirement Meeting Agenda
- CareCounsel Information
- RESBC Membership Information
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Board of Retirement Special Election: 3rd General Member
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SBCERS is holding a special election to fill the vacancy of 3rd General Member of the Board of Retirement. Please note this election is separate from the Regular Elections that have recently concluded. The special election will run from November 12, 2019
– December 9, 2019.
Retired and Safety Members cannot vote in this election. Only active General Members are eligible to vote.
All candidates must submit a Petition of Nomination/Declaration of Candidacy to the Clerk Recorder-Assessor's Elections Division office at 4440-A Calle Real, Santa Barbara, or 511 E. Lakeside Parkway, Suite 134, Santa Maria, no later than 5:00 p.m. on Tuesday, October 22, 2019.
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Board of Retirement Election Results for 2nd General, 7th Safety and 7th Safety Alternate Members
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Rob Adam Perry was elected as 2nd General Elected Member, Frederick Tan was elected as 7th Safety Member, and Ryan Sullivan was elected as 7th Alternate Safety Member.
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SBCERS must receive all enrollments, changes, and cancellations (if any) NO LATER THAN Friday, November 1, 2019. Open Enrollment books, forms, and supplemental information can be found
HERE
.
If you have no changes to your coverage, SBCERS will automatically continue your current coverage into 2020 at the new rates.
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For September 2019, Los Angeles Area Inflation (year over year) was
2.99
%.
The average monthly increase for 2019 to date is 3.04%.
Click
HERE
or on the chart 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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September 2019 Investment Results
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The Total Fund returned 0.71% for the month of September net of fees
.
For the fiscal year beginning July 1, 2019, the portfolio has returned 0.99%, generating approximately $31 million for our beneficiaries.
Click
HERE
to read the full September 2019 Investment Flash Report.
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September 25, 2019 Board of Retirement Meeting Highlights
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At the Board of
Retirement's September 25, 2019 meeting, the Board received a preview of SBCERS' website redesign, a market update as of August 31, and an asset liability study based on SBCERS' most recent actuarial valuation.
Draft minutes for the September 25, 2019 regular Board of Retirement meeting can be found
HERE
.
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October 23, 2019 Board of Retirement Meeting Agenda Available
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The next Regular Board of Retirement meeting is on October 23, 2019 in the Coastal Room at Employees' University.
Click
HERE
to access the 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 Provider
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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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