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You're Invited to the SBCERS 2nd Annual Open House & Food Drive!
Friday, June 7, 2024 from 11:00 a.m. to 1:00 p.m.
More details below.
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JOIN US AT THE 2ND ANNUAL OPEN HOUSE & FOOD DRIVE: SETTING SAIL WITH SBCERS | IMPORTANT NOTICE FOR MEMBERS WITH UNION BANK (NOW U.S. BANK) | | | |
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Also in this edition...
- 2024 COLA Tracker
- April 2024 Investments Results
- April 24, 2024 Board of Retirement Meeting Highlights
- May 22, 2024 Board of Retirement Meeting Agenda Available
- CareCounsel Information
- RESBC Membership Information
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JOIN US AT THE 2ND ANNUAL OPEN HOUSE & FOOD DRIVE: SETTING SAIL WITH SBCERS | |
Friday, June 7, 2024
11:00 a.m. - 1:00 p.m.
SBCERS Goleta Office
130 Robin Hill Road, Goleta, CA 93117
SBCERS invites you to the Goleta office to learn more about your retirement benefits, the administration of SBCERS, and other local organizations. All are welcome!
Featuring live music and a light lunch (while supplies last). Learn about your benefits and other community programs to win a free t-shirt (while supplies last).
This year, the Open House will include a Food Drive benefitting the Foodbank of Santa Barbara County. Participation is optional!
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IMPORTANT NOTICE FOR MEMBERS WITH UNION BANK (NOW U.S. BANK) | |
SBCERS has received notice from our Automated Clearing House (ACH) provider that members who had monthly retirement benefit payments deposited in Union Bank accounts have been assigned a new routing number and account numbers after the merger with U.S. Bank.
After a bank merger occurs, it is common for accounts to be temporarily mapped to new routing numbers and for old checks to be honored for a period of time. However, this is a temporary solution and will eventually be discontinued.
Members who were affected by the U.S. Bank merger must resubmit their direct deposit information to SBCERS in order to avoid possible interruption in payment. On May 7th, we mailed each impacted member a letter to their address of record, including instructions and a form for providing new Direct Deposit information, and a self-addressed return envelope. If you received this letter, please be sure to respond with new updated Direct Deposit information by June 15, 2024.
The form must be accompanied with supporting documentation as indicated on the SBCERS Direct Deposit Authorization form, which is one of the following:
- A voided check with new account information, or,
- A bank provided direct deposit authorization letter that includes your name, new routing number, and new account number. This authorization letter may be obtained directly from your bank, or, if you utilize on-line banking with your bank, may be retrieved from your online account.
If you have questions regarding this request and/or if there is a problem with your bank account, please contact us as soon as possible at (877) 568-2940.
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SBCERS will be closed on Monday, May 27th in observance of Memorial Day and Wednesday, June 19 in observance of Juneteenth. | | | |
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April 2024 Investment Results
For the month of April 2024, the Total Fund returned -1.53%. Since the beginning of the fiscal year on July 1, 2023, the Fund has returned 5.27% generating over $213 million for SBCERS retirees and beneficiaries.
Read the preliminary April 2024 Investment Report.
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WANT HELP WITH YOUR HEALTH CARE INQUIRIES & CONCERNS? | |
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Looking for a stress-free solution to your healthcare inquiries and, or concerns? CareCounsel is our health advocacy partner and is a service offered as part of your benefit package. CareCounsel works independently from your insurance carrier and is a completely confidential resource.
It’s easy, call: (888-227-3334), or email staff@carecounsel.com Monday through Friday 6:30 am to 5:00 pm PST. After hours, you can leave a message and they will get back to you the next business day.
A few examples of why you should contact CareCounsel:
- Education
- Making Sense of Medicare
- Benefits and Coverage Questions
- Claims and Billing Assistance
- Eligibility Status
- Quality Concerns
- Grievances and Appeals
- Assistance with Locating Healthcare Providers
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RETIRED EMPLOYEES OF SANTA BARBARA COUNTY (RESBC) | |
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RESBC is a non-profit organization dedicated to improving the lives of county retirees by providing information on critical retirement issues and offering educational/cultural social opportunities. Membership in RESBC is $2.50 monthly. Dues are deducted from the member’s Santa Barbara County pension payment. County employees may join RESBC by completing the RESBC Membership Deduction Authorization form at the time of their retirement exit conference.
Retirees may join at any time by requesting a membership form from SBCERS, 130 Robin Hill Road, Suite 100, Goleta, CA 93117, 1-877-568-2940 or, by clicking HERE and sending the completed form to benefits@sbcers.org.
RESBC Membership benefits include:
- 4 issues of the RESBC newsletter per year.
- 4 subsidized luncheon meetings per year held at various county locations.
- Opportunities to participate in subsidized day trips and special events.
- Attendance at special presentations on critical issues such as health insurance, pension litigation, pension-related court decisions, etc.
- Opportunity to socialize and have fun with former co-workers and friends.
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Have a question about an item in this newsletter?
Call a Benefit Representative at 1-877-568-2940. We are ready to help you!
Want to look at prior newsletters?
Click HERE to visit the SBCERS Newsletter Archive.
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