Since its beginning in 1929, Seattle City Employees' Retirement System (SCERS) has provided retirement income to thousands of former city of Seattle employees and their beneficiaries. There are approximately 8,750 active employee members and 6,000 retired employee members who participate in the plan.
SCERS Mission, Vision, and Values
The Mission of SCERS is to fulfill the promise to deliver the retirement benefits our members have earned.
The Vision is that SCERS is a trusted, financially strong institution whose members receive their retirement benefits through exceptional customer service.
- Excellence: We strive to produce the best outcomes for our members while fostering the human resources and the quality of the processes we need to reach these outcomes.
- Stewardship: We safeguard the information and resources entrusted to us by our members and also care for and cultivate our team to best meet our commitments.
- Integrity: We bring the highest level of transparency, respect, fairness, and equity to all our interactions with our member, stakeholders, and ourselves.
- Accountability: We own our commitments, and we take responsibility for the personal growth necessary to continue to meet these commitments.
- Service: We dedicate ourselves to meeting the needs of and creating the best experience for our members in their interactions with the Retirement System. We are considerate and understanding of our members and of each other.
- Cooperation: We prioritize the sharing of information and resources to create a stronger team and become a more effective service provider.
- Trust: We cultivate trust at every level of the organization in order to uphold our integrity, to create a safe environment for risk and innovation, and to bring out the best in each other.
The provisions of the plan are set forth in Chapter 4.36 of the Seattle Municipal Code. The plan is a defined benefit plan, which means the employee's salary, years of service, and age at the time of retirement are used to determine a monthly retirement benefit.
Seattle City Employees' Retirement System stewards just over $2.4 billion in assets as of the latest reporting period. The Financials and Governance page includes asset allocation and performance, the Retirement System's investment policy, meeting minutes of the Board of Administration, and governance documents and charters.