Monday, September 20, 2010 – 9:30 a.m.
For years San Bernardino County’s pension fund, the San Bernardino County Employees Retirement Association (SBCERA), wanted its independence from the county.
A couple years ago SBCERA got its way.
The pension fund lobbied Sacramento for the passage of legislation that allowed the entity to convert into what is known as a “special district”. A designation giving it’s board of trustee’s independence from broad county oversight.