September 2024

Volume 85

Photo Credit: "Aptos" by SBCERS Member Bill Green.

Highlights

RSVP FOR A RETIREE OPEN ENROLLMENT HEALTH FAIR

APPLY TO BE A POLL WORKER

2024 PHOTO COMPETITION WINNERS

Also in this edition...


  • 2024 COLA Tracker
  • August 2024 Investment Results
  • August 28, 2024 Board of Retirement Meeting Draft Minutes
  • September 25, 2024 Board of Retirement Meeting Agenda Available
  • CareCounsel Information
  • RESBC Membership Information

RSVP FOR A RETIREE OPEN ENROLLMENT HEALTH FAIR

Click here to RSVP for a Retiree Open Enrollment Health Fair

Retiree Open Enrollment takes place from October 1 - October 31. All change forms must be received by SBCERS by Friday, November 1. Forms and Open Enrollment books will be available to view online on September 30 at www.sbcers.org/openenrollment.


Do you plan on making changes to your health insurance for the 2025 calendar year? Prepare by...

  • Confirming you have a mySBCERS account. Go to mysbcers.org to register, if you haven’t already. You can securely submit change forms electronically through your account via the “Message Center”.
  • Attending an in-person or virtual health fair. Speak directly with representatives from health plan providers and SBCERS.
  • October 16, 9:00 am - Open Enrollment Health Fair in Santa Maria
  • October 17, 9:00 am - Open Enrollment Health Fair in Goleta
  • Viewing and downloading materials beginning September 30.

Questions? Email info@sbcers.org or call 1-877-568-2940.

APPLY TO BE A POLL WORKER

The County of Santa Barbara Elections Division invites retired employees of Santa Barbara County who wish to serve in the November 5th Presidential General Election to apply to be an Election Officer or Poll Worker. Currently, there are openings countywide with the greatest need in the Santa Barbara, Goleta, Lompoc, and Santa Maria areas. Election officers and poll workers attend trainings before Election day and assist in a variety of roles including:

  • Setting up and closing a polling place,
  • Helping voters understand their rights, and
  • Protecting ballots and voting equipment.

To serve as a poll worker, you must be one of the following:

  • A registered California voter,
  • A legal resident of the United States who would be eligible to vote except for their citizenship status, or
  • An eligible high school student

Being a poll worker is a great way to earn extra money, get involved, and support your community and the democratic process. To sign up, please submit a California Poll Worker Application today!

2024 PHOTO COMPETITION WINNERS

Thank you to all who participated in the 3rd Annual Photo Competition! We received 117 submissions this year. Winning photos will be printed to canvas and hung around SBCERS offices for viewing.

Click Here to View Winning Photos

We hope our gallery reflects the varied perspectives and passions of our membership. Thank you for your submissions!

2024 COLA Tracker


For August 2024, Los Angeles Area Inflation (year over year) was 2.87%.The average monthly increase for 2024 to date is 3.40%.


View monthly inflation figures compared to last year.


Want to track the COLA on your own? On the 15th of each month, the U.S. Department of Labor, Bureau of Labor statistics releases CPI data for Los Angeles.


Read the current Bureau of Labor Statistics report.

August 2024 Investment Results


For the month of August 2024, the Total Fund returned 1.67%. Since the beginning of the fiscal year on July 1, 2024, the Fund has returned 3.03% generating over $132 million for SBCERS retirees and beneficiaries.


Read the preliminary August 2024 Investment Report.

August 28, 2024 Board of Retirement Meeting Draft Minutes


At the August 28, 2024 meeting, the Board adopted a 2025 calendar year Board of Retirement schedule, received educational presentations on investment vehicle and securities lending and private credit, and received real return public market survey results. The Board also received results from Public Markets, Private Equity, Private Real Return, and Private Real Estate portfolios.


Draft minutes from the August 28, 2024 Board of Retirement meeting are available to view HERE.

September 25, 2024 Board of Retirement Meeting Agenda Available


The next Regular Board of Retirement meeting will be held in the Board Room at SBCERS Goleta Office, 130 Robin Hill Road, Suite 100, Goleta, CA 93117.


Members of the public who would like to make a public comment may do so via Zoom or in-person at the meeting location. Please email clerkoftheboard@sbcers.org for instructions. The Board of Retirement meeting will also be livestreamed via YouTube at https://www.sbcers.org/board-of-retirement/watch-live/.


Click HERE to access agendas and board materials on our agenda management website.

WANT HELP WITH YOUR HEALTH CARE INQUIRIES & CONCERNS?

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

RETIRED EMPLOYEES OF SANTA BARBARA COUNTY (RESBC)

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.

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.