Skip to main content
San Bernardino County Employees Retirement Association
Meeting Name: BOARD OF RETIREMENT Agenda status: Final
Meeting date/time: 11/6/2025 9:00 AM Minutes status: Final  
Meeting location: Board Room
348 W. Hospitality Lane, 1st Floor, San Bernardino, CA 92408 Live stream access: https://sbcera.legistar.com/calendar.aspx A video recording of this meeting can be found at: https://sbcera.legistar.com/Calendar.aspx
Published agenda: Agenda Agenda Published minutes: Minutes Minutes  
Meeting video:  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
25-451 11. RecognitionPresent resolution honoring fallen officer Deputy Andrew Nunez.   Action details Video Video
25-428 12. RecognitionView recent feature of our We Are SBCERA video series.   Action details Video Video
25-429 13. Consent ItemApprove minutes of regular meeting conducted on October 2, 2025.   Action details Not available
25-416 14. Consent ItemApprove the Service-Connected Disability Retirement application of Olivia M. Bozek - San Bernardino County - Sheriff.   Action details Not available
25-418 15. Consent ItemApprove the Service-Connected Disability Retirement application of Peter M. Gentry - San Bernardino County - Sheriff.   Action details Not available
25-447 16. Consent ItemApprove the Service-Connected Disability Retirement application of Thomas L. Jolin - San Bernardino County - Sheriff.   Action details Not available
25-452 17. Consent ItemApprove the Service-Connected Disability Survivorship of Andrew Nunez - San Bernardino County - Sheriff.   Action details Not available
25-449 18. Consent ItemApprove the Service-Connected Disability Retirement application of David L. Phelps - San Bernardino County - Sheriff.   Action details Not available
25-426 19. Consent ItemDeny the request to extend the employment of Denise Diggs from November 15, 2025, through November 13, 2026, in accordance with SBCERA Benefits Policy No. 032, “Retirees Returning to Work.” The request does not meet the policy criteria for extensions beyond the 18-month employment limit, as the employer has not demonstrated an extreme necessity or a time-limited operational need as required under the policy.Approved as amendedPass Action details Video Video
25-415 110. Consent ItemApprove the 2026 Board of Retirement and Committee Meeting Dates.   Action details Not available
25-430 111. Action ItemAction on Deferred Items from Consent, if any.   Action details Not available
25-421 112. Action ItemApprove Segal Consulting’s Actuarial Valuation and Review, and related reports, as of June 30, 2025; approve employer and employee contribution rates commencing in July 2026.ApprovedPass Action details Video Video
25-391.1 113. Action ItemApprove the establishment of a Master Custody Account (MCA) with Arcmont Asset Management, including a $200 million initial allocation, subject to completion of due diligence and legal documentation.ApprovedPass Action details Video Video
25-392.1 114. Action ItemApprove a commitment of £50 million to the PRECap VIII fund managed by PGIM Real Estate, subject to completion of due diligence and legal document review.ApprovedPass Action details Video Video
25-442 115. Information ItemPresentation by NEPC of their Quarterly Investment Performance Review for the period ending September 30, 2025.   Action details Video Video
25-439 116. Information ItemProvide direction to SBCERA’s voting delegate for the SACRS Business Meeting to be held at the upcoming SACRS Fall Conference on November 14, 2025.   Action details Video Video
25-443 117. Receive and FileReport on the Investment Committee meeting conducted on October 9, 2025.   Action details Not available
25-440 118. Receive and FileService Retirements and Change Effective Date Approved by the Chief Executive Officer.   Action details Not available
25-431 119. Executive ReportChief Executive Officer.   Action details Video Video
25-450 120. Executive ReportChief Counsel.   Action details Video Video
25-441 121. Executive ReportChief Investment Officer.   Action details Video Video
25-427 122. Trustees ReportReport by the Trustees concerning conferences and other meetings attended (as specified by Education & Training Policy No. 003 - “Trustee Travel and Expense Policy”).   Action details Video Video
25-334 123. Closed SessionReview and determine the Service-Connected Disability Retirement with Supplemental Retirement Allowance of John E. Papp - San Bernardino County - Public Health.ApprovedPass Action details Video Video
25-356 124. Other Closed Session ItemsCONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to paragraph (2) of subdivision (d) of Section 54956.9: eight (8) cases.   Action details Video Video
25-432 125. Open SessionReport by Counsel on actions taken in Closed Session.   Action details Video Video