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RETIREE PAY DATE

Direct Deposit
June 30
Check Mailing
June 30

Welcome to

Santa Barbara County
Employees’ Retirement System

About Us

Visit us at the SBCERS Open House on Friday, June 9 any time from 11:00 a.m. to 2:00 p.m. at our Goleta office: 130 Robin Hill Road, Goleta, CA 93117. You can RSVP at www.sbcers.org/openhouse. Please note the SBCERS Santa Maria office will be closed on Friday, June 9.

ANNOUNCEMENTS & HIGHLIGHTS

SUMMER CLASSIC OPEN HOUSE – JOIN US!

SBCERS invites you to the new Goleta office to learn more about your retirement benefits, the administration of SBCERS, and meet with other local organizations such as Retired Employees of Santa Barbara County, United Way, Alzheimer’s Association, Firefighters Benevolent Fund, Empower Retirement, and more! Lunch will be provided for the first 100 attendees. All are welcome! Click here to RSVP >

Working for an SBCERS Employer After Retirement as Extra-Help, Contractor on Payroll (COP), or Independent Contractor

Once a member retires from SBCERS they are generally free to work for a private or public employer and participate in another retirement plan without that employment affecting the member’s retirement benefit. However, working for the County of Santa Barbara or another SBCERS employer while retired from SBCERS is subject to rules and restrictions, even if done in a different capacity from the member’s original occupation. If you plan on working for an SBCERS Employer after retirement as Extra-Help, Contractor on Payroll (COP), or Independent Contractor, click here for guidelines and forms >

2023 RETIREMENT BASICS VIDEOS AVAILABLE

Videos explaining what to expect during the retirement process, who is eligible for retirement, how your pension benefit is calculated, COLA, what service purchases are and how they impact your benefit, retiree health insurance, and what happens to your retirement account when you go through a divorce and dissolution of registered domestic partnership are available to view…. Click Here for the Playlist >

GUIDELINES FOR LEGAL SEPARATION AND DISSOLUTION OF MARRIAGE

SBCERS has developed guidelines to assist members undergoing dissolution of a marriage or domestic partnership. There may be unique circumstances that are not discussed in these guidelines. Members and their spouses are encouraged to contact an SBCERS member services representative should these guidelines not address their questions or concerns… Click here for more information>

IRS Mandated Withholding Election Updates For Future Withholding Changes

The IRS has recently updated the withholding forms used by employees and pension recipients to request changes to their federal withholding elections. These changes will be effective for any new payee of the Santa Barbara County Employees’ Retirement System, or any existing payee wishing to make changes to their Federal withholdings, in 2023…. Click here for more information>

Alameda Case: Refund of Contributions on Stand-By Pay

The County of Santa Barbara negotiated a number of side letters with several labor unions, including SEIU Local 620, Santa Barbara County Fire Fighters Inc., Local 2046, and the Santa Barbara County Deputy Sheriff’s Association, all dated March 2, 2022.  Pursuant to these side letters, particular special assignment pay within specific job classifications was recharacterized as an allowance, effective December 30, 2019. Each of these events has resulted in the creation of a number of new or amended earn codes, which are scheduled for implementation to the County timekeeping system effective Pay Period 2022-16. Click here to read more on the Alameda Case Update Page >

Learn About Your SBCERS Membership Statement

Active and Deferred SBCERS Members have received a Member Statement in the mail, along with the SBCERS Popular Annual Financial Report. Active and Deferred Members can view their Member Statement online at MySBCERS, by clicking “Statements” under “Communications.” Click here to learn 6 tips to being well informed and retirement ready>

Information on Disability Retirement Benefits and SBCERS Account Management Best Practices

Please know that your retirement benefits protect you and your loved ones in the event you become disabled and are unable to perform your usual duties…. Click here to learn more about your benefits and how to ensure your wishes are properly carried out >

MONTHLY INVESTMENT PERFORMANCE


Click on the image to view full size.

QUICK LINKS

UPCOMING EVENTS

ANNOUNCEMENTS & HIGHLIGHTS

SUMMER CLASSIC OPEN HOUSE – JOIN US!

SBCERS invites you to the new Goleta office to learn more about your retirement benefits, the administration of SBCERS, and meet with other local organizations such as Retired Employees of Santa Barbara County, United Way, Alzheimer’s Association, Firefighters Benevolent Fund, Empower Retirement, and more! Lunch will be provided for the first 100 attendees. All are welcome! Click here to RSVP >

Working for an SBCERS Employer After Retirement as Extra-Help, Contractor on Payroll (COP), or Independent Contractor

Once a member retires from SBCERS they are generally free to work for a private or public employer and participate in another retirement plan without that employment affecting the member’s retirement benefit. However, working for the County of Santa Barbara or another SBCERS employer while retired from SBCERS is subject to rules and restrictions, even if done in a different capacity from the member’s original occupation. If you plan on working for an SBCERS Employer after retirement as Extra-Help, Contractor on Payroll (COP), or Independent Contractor, click here for guidelines and forms >

2023 RETIREMENT BASICS VIDEOS AVAILABLE

Videos explaining what to expect during the retirement process, who is eligible for retirement, how your pension benefit is calculated, COLA, what service purchases are and how they impact your benefit, retiree health insurance, and what happens to your retirement account when you go through a divorce and dissolution of registered domestic partnership are available to view…. Click Here for the Playlist >

GUIDELINES FOR LEGAL SEPARATION AND DISSOLUTION OF MARRIAGE

SBCERS has developed guidelines to assist members undergoing dissolution of a marriage or domestic partnership. There may be unique circumstances that are not discussed in these guidelines. Members and their spouses are encouraged to contact an SBCERS member services representative should these guidelines not address their questions or concerns… Click here for more information>

IRS Mandated Withholding Election Updates For Future Withholding Changes

The IRS has recently updated the withholding forms used by employees and pension recipients to request changes to their federal withholding elections. These changes will be effective for any new payee of the Santa Barbara County Employees’ Retirement System, or any existing payee wishing to make changes to their Federal withholdings, in 2023…. Click here for more information>

Alameda Case: Refund of Contributions on Stand-By Pay

The County of Santa Barbara negotiated a number of side letters with several labor unions, including SEIU Local 620, Santa Barbara County Fire Fighters Inc., Local 2046, and the Santa Barbara County Deputy Sheriff’s Association, all dated March 2, 2022.  Pursuant to these side letters, particular special assignment pay within specific job classifications was recharacterized as an allowance, effective December 30, 2019. Each of these events has resulted in the creation of a number of new or amended earn codes, which are scheduled for implementation to the County timekeeping system effective Pay Period 2022-16. Click here to read more on the Alameda Case Update Page >

Learn About Your SBCERS Membership Statement

Active and Deferred SBCERS Members have received a Member Statement in the mail, along with the SBCERS Popular Annual Financial Report. Active and Deferred Members can view their Member Statement online at MySBCERS, by clicking “Statements” under “Communications.” Click here to learn 6 tips to being well informed and retirement ready>

Information on Disability Retirement Benefits and SBCERS Account Management Best Practices

Please know that your retirement benefits protect you and your loved ones in the event you become disabled and are unable to perform your usual duties…. Click here to learn more about your benefits and how to ensure your wishes are properly carried out >

MONTHLY INVESTMENT PERFORMANCE

Click on the image to view full size.

UPCOMING EVENTS