San Bernardino mixes FoHFs and funds for tailored alpha overlay
Thu Feb 2, 2012
Alternatives are a core strategy to meet future pension benefits at SBCERA, which at 65 is not yet ready to retire
By Ann C. Logue
San Bernardino County is 100 kilometres east of Los Angeles,
located along historic Route 66. The inland area has mountains,
deserts, and agricultural land, which makes for a diverse
economy. The San Bernardino County Employees Retirement
Association (SBCERA) manages the pension fund for 21 different
The plan covers 19,258 active members who work as
firefighters, judges, librarians, park rangers and police
officers. Some of those agencies offer pensions that are among
the most generous in the US. While the board and staff at
SBCERA do not set the payouts, they are responsible for
generating the returns needed to meet them.
SBCERA has been at work to provide pensions for county
employees for 65 years, and the association is certainly not
ready for retirement. Ten years ago, the SBCERA board realised
that it would have to add alternative investments to the
ISSN: 2151-1845 / CDC10004H
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