Description
Title: SCERS Annual Financial Report for Fiscal Year (FY) 2025
Summary
The Sacramento City Employees' Retirement System (SCERS) Annual Financial Report for Fiscal Year 2025, filed under ID 2026-00531, outlines the financial health and operations of the retirement system as of June 30, 2025. The report indicates that SCERS is a closed defined benefit plan, meaning no new members have been added since January 1977, with only one active member remaining among 710 total participants. Key findings include a total pension liability of approximately $231.2 million and a fiduciary net position of about $253.4 million, resulting in a funded ratio of 109.6%. This suggests that SCERS has adequate assets to cover its liabilities, a notable improvement from the previous year's 101