President Dick Wilken welcomed the members. He reminded those in attendance that the REA annual Holiday Party is Tuesday, December 12th at the Bali Hai. Detailed information is forthcoming.
Dick mentioned that the Board had discussed the significant change that effective January 1, 2024, Scripps Clinics and Scripps Coastal will no longer be part of the SCAN Health Plan provider network. If you are currently enrolled in the SCAN Health plan, you should receive a letter in the mail from SCAN and a separate letter from SDCERS regarding these changes.
The program included the annual visit by SDCERS’ staff to cover a few items which will be highlighted in the SDCERS’s Annual meeting later in the month.
Cynthia Queen, SDCERS’ Director of Member Services kicked it off. She reminded everyone of the SDCERS’ Annual Meeting on October 27. She mentioned the increasing number of SDCERS members due to the unwinding of Prop. B. Marcella Rossman, SDCERS’ Deputy CEO, provided comments regarding the continuation of assisting those individuals impacted by Prop. B before introducing Carina Coleman, SDCERS’ Chief Investment Officer. Carina provided a summary of the investment’s overall annual performance. She closed stating that the retirement system is in the top 20% of Public Pension Plans with holdings of $1 billion or more.
The Program also included Jonathan Hayes, CEO of the Public Employees Benefit Association (PEBA). Jonathan provided an overview of the PEBA supplemental benefits available to REA members, including dental and visit insurance, pet insurance, legal assistance and others. He encouraged everyone to attend the Retiree Help Day on November 1st from 10am to 2pm in the Balboa Park Club.