Title
Sacramento City Employees’ Retirement System’s (SCERS or System) Investment Policy
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FileID
File ID: 2026-00741
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution approving the investment policy governing the investments and management of the SCERS funds.
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Contact
Contact: Stacy Hussey, Chief Investment Officer, (916) 808-7746, shussey@cityofsacramento.org; John Colville, City Treasurer, (916) 808-8297, jcolville@cityofsacramento.org; Office of the City Treasurer
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-Staff Report
3-Resolution
4-Exhibit A (SCERS Investment Policy 2026-REDLINE)
5-Exhibit A (SCERS Investment Policy 2026-CLEAN)
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Description/Analysis
IssueDetail
Issue Detail: The Administration, Investment and Fiscal Management Board (Board) has adopted policies (Investment Policy) governing the investment of funds held in the SCERS. The Investment Policy governs the investment practices of the Board and its investment managers. Pursuant to City Charter section 383, once the Board adopts the Investment Policy, it is to be delivered to Council for review and approval.
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PolicyConsiderations
Policy Considerations: Sound investment practices and transparency are facilitated by the preparation of written governing policy statements. Such policies should cover all substantive aspects of the investment of funds. The Board has adopted a comprehensive Investment Policy to guide and govern the Board and its investment managers in investing the System’s funds. Pursuant to City Charter section 383, the Investment Policy incorporates the “prudent person” standard as it is described in Probate Code section 16040.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations: This action is not subject to the California Environmental Quality Act (CEQA) because it is not a “project” as defined in section 15378 of the CEQA Guidelines.
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Sustainability
Sustainability: None.
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Commission/Committee Action
Commission/Committee Action: Pursuant to City Charter section 383, the Board adopted the Investment Policy prior to review and consideration of the City Council.
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RationaleforRecommendation
Rationale for Recommendation: The prudent and transparent management of funds held by SCERS on behalf of the beneficiaries of the System is enhanced by the adoption of an Investment Policy setting forth the parameters under which such funds are invested.
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FinancialConsiderations
Financial Considerations: The investment of SCERS funds is within the exclusive purview of the Board. The System, acting through the Board, is responsible for all costs in implementing the SCERS investment program.
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LocalBusinessEnterprise
Local Business Enterprise (LBE): Not applicable.
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