Title
Proposed Ballot Measure: Sacramento City Employees' Retirement System (SCERS) Termination Act (Charter Amendment)
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FileID
File ID: 2026-01119
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution approving Charter amendment ballot language regarding the Sacramento City Employees' Retirement System (SCERS) Termination Act, for placement on the November 3, 2026 general municipal election ballot.
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Contact
Contact: John Colville, City Treasurer, (916) 808-8297, jcolville@cityofsacramento.org, City Treasurer's Office; Matthew Ruyak, Assistant City Attorney, (916) 808-5346, mruyak@cityofsacramento.org, City Attorney's Office
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Presenter
Presenter: John Colville, City Treasurer, (916) 808-8297, jcolville@cityofsacramento.org, City Treasurer's Office
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Attachments
Attachments:
1-Description/Analysis
2-Resolution
3-Exhibit A: Sacramento City Charter Amendment Regarding the Sacramento City Employees' Retirement System (SCERS)
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Description/Analysis
IssueDetail
Issue Detail: The Sacramento City Employees' Retirement System (SCERS) is a defined benefit plan, created under the Sacramento City Charter, that provides retirement benefits for certain City member employees. It is a "closed" system: there have been no new members since 1977. The system's actuary indicates that for every dollar of benefits due, SCERS has approximately $1.10 of assets available for payment. As the member, surviving spouse, and other beneficiary population declines, SCERS assets may continue to grow beyond the amounts necessary to pay all accrued benefits. Under the current City Charter, there is no mechanism to terminate SCERS or to address any surplus funds.
At the direction of Mayor Pro Tem Guerra and Councilmember Maple, a request was made to create a revolving loan program for housing. This proposal is a response to that request.
The proposed ballot measure - the "SCERS Termination Act" - creates a mechanism ...
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