Skip to main content

SCERS's Notices

Notice for Retired Members: 2022 1099-Rs will be mailed no later than Tuesday, January 31, 2023.


Our customer service window hours will be from 9:00 a.m. to 4:00 p.m. on Tuesdays, Wednesdays, and Thursdays.  Because the Pacific Building remains locked, please call building security at (206) 276-5782 to be let in the building.  Please do not call building security for any other reason other than to access the building.

Please call us at (206) 386-1293 or email us at retirecity@seattle.gov if you have questions.

Fund Performance

Fund performance is expected to provide more than half of the total amount required for retirement benefits with contributions from employees and the City representing the remaining amount. 

In pursuit of its mission, SCERS seeks fund performance that matches or exceeds: (1) over a long-term period of 30 years, the actuarial rate of return as adopted periodically by the Board of Administration (currently 6.75%); (2) over a full market cycle, the Reference Passive Benchmark that reflects the Board's tolerance for volatility; and, (3) over an intermediate-period of 5 years, the Strategic Policy Benchmark that reflects the Board's strategic asset allocation.  The Reference Passive Benchmark and Strategic Policy Benchmark are described further in the Investment Policy.

Fund performance (annualized) through September 30, 2022:

Timeframe SCERS Strategic Policy Benchmark Reference Passive Benchmark
1 Year -10.4%

-9.8%

-19.0%

3 Years

6.0% 6.1% 2.1%

5 Years

5.8% 5.9% 3.3%

10 Years

7.2% 7.4% 5.6%

30 Years

7.0% 7.2% n/a

Notes: Net performance is shown for the 1, 3, 5, and 10-year timeframes; gross performance is shown for the 30-year timeframe.

SCERS's investment consultant produces quarterly fund performance reports that review the total investment portfolio and each asset class.  Historical reports are available from the dropdown below:

Retirement

Jeffrey S. Davis, Executive Director
Address: 720 3rd Ave, 9th Floor, Seattle, WA, 98104
Phone: (206) 386-1293
Fax: (206) 386-1506
retirecity@seattle.gov
Contact Us

The City of Seattle Employees' Retirement Office has two major functions: administration of retirement benefits and management of the assets of the Retirement Fund. Employee and employer contributions as well as investment earnings provide funding for the System.

The Mission of SCERS is to fulfill the promise made to our members by delivering the retirement benefits they have earned.