SDCERA administers pension, disability, and survivor benefits for county employees and employees of the San Diego Superior Court, Local Agency Formation Commission, San Dieguito River Valley Joint Powers Authority, and the San Diego County Office of Education.
San Diego County Employees Retirement Association Basics, by Plan
Plan |
Assets (millions) |
Total Members |
San Diego County |
15,771.3 |
49,310 |
Other Plans |
0 |
0 |
Total |
15,771.3 |
49,310 |
Source: Public Plans Database (as of 2023)
Note: San Diego County Employees Retirement Association has 0 other plans.
Assets
Assets at Year-End
San Diego County Employees Retirement Association
2001-2023
Fiscal Year |
Net Assets (billions) |
2001 |
3.8 |
2002 |
3.5 |
2003 |
4.1 |
2004 |
5.3 |
2005 |
6.1 |
2006 |
7.1 |
2007 |
8.3 |
2008 |
8.4 |
2009 |
6.2 |
2010 |
6.9 |
2011 |
8.2 |
2012 |
8.5 |
2013 |
9.1 |
2014 |
10.2 |
2015 |
10.3 |
2016 |
10.3 |
2017 |
11.4 |
2018 |
12.3 |
2019 |
12.9 |
2020 |
12.9 |
2021 |
16.1 |
2022 |
14.5 |
2023 |
15.8 |
Membership
Ratio of Actives to Beneficiaries, 2001-2023
Fiscal Year |
San Diego County Employees Retirement Association |
US State and Local Pensions |
2001 |
1.9 |
2.4 |
2002 |
1.9 |
2.3 |
2003 |
1.8 |
2.2 |
2004 |
1.6 |
2.1 |
2005 |
1.5 |
2.1 |
2006 |
1.4 |
2.0 |
2007 |
1.4 |
2.0 |
2008 |
1.4 |
1.9 |
2009 |
1.3 |
1.9 |
2010 |
1.2 |
1.8 |
2011 |
1.1 |
1.7 |
2012 |
1.1 |
1.6 |
2013 |
1.1 |
1.5 |
2014 |
1.1 |
1.4 |
2015 |
1.0 |
1.4 |
2016 |
1.0 |
1.4 |
2017 |
1.0 |
1.4 |
2018 |
0.9 |
1.3 |
2019 |
0.9 |
1.3 |
2020 |
0.9 |
1.3 |
2021 |
0.9 |
1.2 |
2022 |
0.8 |
1.2 |
2023 |
0.9 |
1.2 |
2023 Membership for San Diego County Employees Retirement Association
Actives |
Beneficiaries |
Inactive Vested |
Total Membership |
# of Participating Employers |
19,098 |
21,875 |
8,337 |
49,310 |
5 |
Cash Flows
Cash Flow vs. Total Assets (Millions)
San Diego County Employees Retirement Association
2001-2023
Fiscal Year |
Cash Flow |
Assets |
2001 |
-110.9 |
3,816.9 |
2002 |
-118.5 |
3,533.6 |
2003 |
419.8 |
4,103.3 |
2004 |
457.2 |
5,262.5 |
2005 |
51.8 |
6,142.3 |
2006 |
26.1 |
7,113.6 |
2007 |
-12.0 |
8,260.8 |
2008 |
-31.2 |
8,389.8 |
2009 |
-71.8 |
6,179.8 |
2010 |
-139.8 |
6,868.9 |
2011 |
-127.4 |
8,176.8 |
2012 |
-116.0 |
8,515.4 |
2013 |
-125.1 |
9,060.2 |
2014 |
-99.8 |
10,180.7 |
2015 |
-92.9 |
10,330.3 |
2016 |
-132.6 |
10,261.3 |
2017 |
-112.5 |
11,397.1 |
2018 |
-38.2 |
12,274.5 |
2019 |
-79.1 |
12,862.9 |
2020 |
-88.2 |
12,909.0 |
2021 |
-81.3 |
16,126.3 |
2022 |
-116.7 |
14,504.0 |
2023 |
-139.3 |
15,771.3 |
2023 Cash Flows for San Diego County Employees Retirement Association (millions)
Inflows |
Outflows |
Investment Gains (losses) |
Change in Net Assets |
840.0 |
979.3 |
1,406.6 |
1,267.3 |
Cash Flow as a Percentage of Assets
San Diego County Employees Retirement Association
2001-2023
Fiscal Year |
San Diego County Employees Retirement Association |
National Average |
2001 |
-2.9 |
-2.1 |
2002 |
-3.4 |
-2.0 |
2003 |
10.2 |
-2.5 |
2004 |
8.7 |
-2.0 |
2005 |
0.8 |
-2.2 |
2006 |
0.4 |
-2.2 |
2007 |
-0.1 |
-2.1 |
2008 |
-0.4 |
-2.3 |
2009 |
-1.2 |
-3.1 |
2010 |
-2.0 |
-3.2 |
2011 |
-1.6 |
-3.1 |
2012 |
-1.4 |
-3.3 |
2013 |
-1.4 |
-3.1 |
2014 |
-1.0 |
-2.9 |
2015 |
-0.9 |
-2.8 |
2016 |
-1.3 |
-3.0 |
2017 |
-1.0 |
-2.9 |
2018 |
-0.3 |
-2.6 |
2019 |
-0.6 |
-2.6 |
2020 |
-0.7 |
-2.4 |
2021 |
-0.5 |
-2.1 |
2022 |
-0.8 |
-2.1 |
2023 |
-0.9 |
-2.1 |