Board of Retirement & Administration

Overview

Board of Retirement & Administration

The Board of Retirement appoints an Administrator to oversee the day-to-day management of the retirement system, including all accounting, benefits, communications, legal and technology functions. The Board also contracts for investment management, asset custody, investment performance evaluation, financial audit, actuarial consulting and other services necessary for the proper and prudent administration of the Plan, in accordance with retirement law. To view a video about the Board and its duties, click here.

The Board of Retirement consists of the County Treasurer, four appointees of the Board of Supervisors, two members elected by General members, one member elected by Safety members, and one member elected by Retired members. The Board also includes one alternate Safety member, one Alternate Retired member, and one Alternate appointee of the Board of Supervisors.

Governance documents, board member profiles, and board meeting agendas and minutes are provided below.

Overview For Anonymous users

Board Member Portal

On this password-protected web portal, VCERA Board members will have access to non-public materials uploaded by staff, such as educational resources and relevant news. The Retirement Administrator must authorize all postings to the Board Member Portal.

Board Member Login

Overview

Board Governance

Through the Retirement Administrator, the Board of Retirement exercises oversight of VCERA as prescribed by law. The Board also abides by a broad governance framework that is reflected in numerous bylaws, regulation, charters and policies approved by the Board. Click on the links below to view these documents.

Overview

Board Committees

The Board is responsible for overseeing the administration of VCERA, including its finances, operations, personnel, investments and more. The Board’s general oversight, though delegated to the Retirement Administrator on a day-to-day basis, requires extensive time and discussion on a variety of complex issues. To assist in effectively and timely addressing such matters, the Board established two standing (permanent) committees and two ad hoc (as-needed) committees, each consisting of at least three trustees, pursuant to Article I, Section 7 of the Board’s Bylaws and Regulations. Standing committees must follow the Brown Act, and therefore meetings are open to the public and agendas are posted in advance.

Overview