The San Bernardino County Employees’ Retirement Association (SBCERA) announces a preliminary 5.0% net return on investments for the 12-month period that ended June 30, 2023. Assets stood at $14 billion at the end of the fiscal year.

SBCERA has a long-term investment strategy, focused on income, and we’ve built an investment portfolio designed to generate positive returns over decades—rather than weeks or months.

This week, CalPERS announced that its retired members were involved in a worldwide data security breach, impacting PBI Research Services/Berwyn Group involving the MOVEit Transfer Application.

We want to assure you that SBCERA was not in any way impacted and your information is safe. Additionally, SBCERA is not subject to the same file transfer risk because of the current safeguards we have in place.

This year’s 2.0% Cost-of-Living Adjustment (COLA) will be effective April 1, 2023. The SBCERA Board of Retirement approved the COLA for Retirees and Beneficiaries at its Board meeting on February 2, 2023.