Title
Interest Rate to Credit Member Accounts for Fiscal Year 2026/2027
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FileID
File ID: 2026-01004
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Location
Location: Citywide
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Recommendation
Recommendation: Adopt a Resolution establishing the interest rate to be credited to member accounts for Fiscal Year 2026/2027 in the amount of 7.50%.
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Contact
Contact: Patrick Zalasky, Senior Investment Officer, (916) 808-5832, pzalasky@cityofsacramento.org, City Treasurer's Office
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Presenter
Presenter: Patrick Zalasky, Senior Investment Officer, (916) 808-5832, pzalasky@cityofsacramento.org, City Treasurer's Office
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Attachments
Attachments:
1-Description/Analysis
2-AIFM Staff Report
3-AIFM FY 2026/2027 Interest Rate Credit Resolution
4-Exhibit A
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Description/Analysis
IssueDetail
Issue Detail: The Board annually determines and adopts an interest rate to be used to calculate credits to Sacramento City Employees' Retirement System (the "System") member accounts.
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PolicyConsiderations
Policy Considerations: Charter Section 387 requires that the Board determine an interest rate for purposes of crediting interest to member accounts during the next fiscal year. The rate adopted must bear a reasonable relationship to the realized, actual rate of return on investments.
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EconomicImpacts
Economic Impacts: None.
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EnvironmentalConsiderations
Environmental Considerations: None.
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Sustainability
Sustainability: None.
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Commission/Committee Action
Commission/Committee Action: None.
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RationaleforRecommendation
Rationale for Recommendation: In fulfillment of its responsibility under Charter Section 387, the Board established a methodology to calculate the required interest rate that bears a reasonable relationship to the actual rate of return on the investment of the System's assets. The interest rate recommended for adoption by the Board is based upon this methodology.
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FinancialConsiderations
Financial Considerations: The B...
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