Saturday, February 25, 2017 – 04:30 p.m.
The Trump stock market rally, which, according to the numbers, has added more that $2 trillion in value to market capitalization, is also helping the San Bernardino County, California pension fund.
For the period July 1, 2016 through January 31, 2017, the San Bernardino County Employees Retirement Association (SBCERA) has delivered a physical return of 8.3%.
If the market continues to outperform, the fund should have a good year
But the fund will need a series of years of solid performance in order to erase a nearly $2.5 billion unfunded liability, that was mostly the result of the market drop in 2008-09.
The funds assets currently sit at $8.885 billion.
On another note. The SBCERA Board of Trustees has approved a 2.0 percent cost-of-living-adjustment (COLA) effective April 1, 2017.
The change will be seen in retirement payments payable April 28, 2017.
To view the current investment performance report, click the following link: SBCERA Investment Report – 01312017