San Bernardino County Employees' Retirement Association

Overview

Established on January 1, 1945, under the County Employees Retirement Law of 1937, the San Bernardino County Employees' Retirement Association (SBCERA) is an independent government entity separate from San Bernardino County. It provides retirement, disability, and death benefits to its members, ensuring a secure retirement through a defined benefit structure based on years of service, age at retirement, final average compensation, and benefit formula. SBCERA's investment strategy is diversified across various asset classes, including fixed income, equities, real estate, private equity, infrastructure, hedge funds, commodities, distressed and special situations, venture capital, and ESG and impact investing. The fund focuses on growth, late-stage, buyout, turnaround, and distressed investment stages, primarily within the United States. Its portfolio spans multiple industries, such as financial services, real estate, infrastructure, energy, healthcare, technology, consumer goods, telecommunications, utilities, materials, industrials, consumer services, basic materials, energy, and financials. With assets exceeding $16 billion as of December 2025, SBCERA is committed to providing its members with a stable and reliable source of income throughout their retirement years. The association's mission is to offer benefits and services that reflect the years of service and compensation of its members, ensuring financial security for those already retired and those approaching retirement.