SJCERA's CEO to Retire in March 2024
Chief Executive Office Johanna Shick plans to retire in March 2024 after seven years of service at SJCERA and more than 33 years of public service. Shick will continue as CEO until her retirement and will assist the Board in its search for her successor. See press release for more information.
Educational Videos Now Available
Refer to the Forms, Publications & Videos page to watch a tutorial on the Benefit Calculator or learn how your Retirement Benefit is calculated.
SJCERA is working on expanding our video library. Check back soon for more videos.
SJCERA’s 2022 Financial Update
Retirement benefits are funded through member and employer contributions along with long-term investment earnings. For the year ended December 31, 2022, the total fund generated a gross of fees return of -6.7%. Although this is below SJCERA’s 6.75% assumed rate of return (our target), the portfolio’s performance during this time ranks 13th best nationwide of public pension plans greater than $1 billion.