March Retirement Board Meeting

I.  CONSENT CALENDAR

All agenda items on the Consent calendar will be approved in a single motion unless a Trustee, staff member or member of the public requests separate action on a specific item.

A.  Retirement Board Meeting Minutes - January 22, 2026.

Recommendation: Approve Consent Calendar Item A.

The Board of Retirement will move into Executive Session and close the meeting to all attendees who are not necessary for the consideration of a public employee performance evaluation.  Those attendees will physically exit the Board room and/or will be placed in the virtual Zoom lobby by the host and will neither hear nor see the meeting.  All meeting attendees will be re-admitted to the meeting when the Board returns to open session.

II.  EXECUTIVE SESSION

A.  Executive Session. Meeting closed pursuant to Government Code section 54957(b) to consider a public employee performance evaluation.  Title: Member Services Manager.

The Board of Retirement will move out of Executive Session and reopen the meeting to all attendees that were placed in the lobby during the closed session period.   

III.  EXECUTIVE SESSION REPORT OUT

IV.  REGULAR CALENDAR

A.  2026/2027 Contribution Rates

1.  Resolution #174 Authorizing Adoption of Employee and Employer Contribution Rates for FY 2026/2027 for the County of Sonoma.

Recommendation: Adopt Resolution #174 

2.  Resolution #175 Authorizing Adoption of Employee and Employer Contribution Rates for FY 2026/2027 for the Superior Court of California – County of Sonoma.

Recommendation: Adopt Resolution #175

3.  Resolution #176 Authorizing Adoption of Employee and Employer Contribution Rates for FY 2026/2027 for the Sonoma Valley Fire District.

Recommendation: Adopt Resolution #176

B.  COLA Purchasing Power

C.  SACRS Proxy Designation

Recommendation: Designate a Voting Proxy for the SACRS Spring Conference.

D.  Actuarial Funding Policy Review

Recommendation: Approve amendments to the Actuarial Funding Policy.

E.  Deductions from Retiree Payments Policy Review

Recommendation: Approve amendments to the Deduction from Retiree Payments Policy.

F.  Procurement and Service Provider Policy Review

Recommendation: Approve amendments to the Procurement and Service Provider Policy.

G.  Form 700 Update

H.  Communications

1.  Service Retirements - February and March 2026

2.  GFOA Awards for 2024 ACFR and PAFR

3.  SACRS February and March 2026 Legislative Report

4.  Normal Cost Sharing Letter, FY 2026/2027 Sonoma County

5.  Normal Cost Sharing Letter, FY 2026/2027 Sonoma Valley Fire District

6.  2025 Budget to Actual Report

7.  2025 SCERA Travel Expenses

V.  Trustee/Staff Training and Conference

Notify Julia Smith if you plan to attend any future event.  Please note, if out of state travel to attend a conference is not approved in the Budget separate approval from the Board must be obtained prior to attending the conference.

1.  Sonoma County Economic Development Collaborative, 2026 Economic Perspective, March 5, 2026, Santa Rosa, CA. Trustee Eaton attended and will report out.

2.  CALAPRS General Assembly, March 9 to 11, 2026, The Westin Carlsbad Resort & Spa, Carlsbad, CA. Trustees Hadzess, Williamson, and Walsh attended and will report out.

3.  AgriVest Farmland Fund Annual Shareholders’ Meeting, April 20-22, 2026, The Peabody, Memphis, TN.

4.  SACRS Spring Conference, May 12-15, 2026, The Everline Resort & Spa at Lake Tahoe, Olympic Valley, CA.

VI.  GENERAL DISCUSSION ITEMS

Opportunity to advise the Board of new matters and for Trustees to ask questions for clarification, provide information to staff, request staff to report back on a matter or direct staff to place a matter on a subsequent agenda.

VII.  PUBLIC COMMENT

Opportunity for public comments on non-agenda items within the jurisdiction of the Retirement Board.

VIII.  NOTICE OF NEXT MEETINGS

All meetings are held at SCERA in the Board Room at 433 Aviation Boulevard, Suite 100, Santa Rosa, CA, and broadcast via Zoom unless otherwise noted.

Investment Commuttee Meeting, March 26, 2026, 8:30 a.m.

Disability Committee Meeting, April 23, 2026, 8:30 a.m.

Retirement Board Meeting, April 23, 2026, 9:00 a.m.

IX.  ADJOURNMENT