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SDCERS Receives Certificate of Achievement for Excellence in Financial Reporting for 18th Consecutive Year

August 17, 2026

The Government Financial Officers Association (“GFOA”) has awarded SDCERS the Certificate of Achievement for Excellence in Financial Reporting for SDCERS’ 2025 Annual Comprehensive Financial Report (“ACFR”) and Popular Annual Financial Report (“PAFR”). This is the 18th year in a row SDCERS has received this recognition!

Government Finance Officers Association Certificate of Achievement for Excellence in Financial Reporting Presented to San Diego City Employees' Retirement System California for its annual comprehensive financial report for the fiscal year ended June 30, 2025 and issued to the public 144 days after the fiscal year end; signed by Christopher P. Merrill, Executive Director/CEO. Ribbon image with text stating "issued faster than 79% of 2024 winners"

The GFOA is a non-profit professional association serving approximately 15,000 government finance professionals. SDCERS’ ACFR and PAFR were judged by an impartial panel and deemed to have met the high standards of the certificate program, including demonstrating an effective means to disclose and clearly communicate SDCERS’ financial story and to motivate Members and the public to read the ACFR and PAFR.  This award is the highest form of recognition in the area of government accounting and financial reporting. It represents a significant accomplishment by a governmental agency and its management.

SDCERS’ award-winning ACFRs and PAFRs are available online and can be viewed here.

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SDCERS Receives Certificate of Transparency from NCPERS for 3rd Year in a Row

July 10, 2026

SDCERS was one of 157 public pension plans that participated in the National Conference on Public Retirement Systems’ (NCPERS) 2026 study, which invited public pension systems across the continent to share information on plan design, investment allocation, investment returns, actuarial assumptions, and plan governance practices. In recognition of SDCERS’ participation, NCPERS awarded SDCERS with its Certificate of Transparency for the third year in a row! This certificate acknowledges SDCERS’ commitment to furthering an atmosphere of openness between public pension systems and the public. As “transparency” is one of SDCERS’ six core values, we were honored to receive this award. SDCERS strives to promote and maintain an open and honest relationship with its members, plan sponsors, and the public.

NCPERS Certificate of Transparency. This Certificate of Transparency is awarded to the San Diego City Employees Retirement System for its participation in the 2026 NCPERS Public Retirement Systems Study, which seeks to further open

NCPERS is the largest trade association for public pensions, representing approximately 500 plans, plan sponsors, and other stakeholders through the U.S. and Canada. As a 501(c)(3) non-profit organization, NCPERS is comprises a network of trustees, administrators, public officials, and investment processionals who collectively oversee approximately $4 trillion in retirement funds.

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