The Board of Retirement exercises authority and control over the management of the Plan in setting policy.
The nine-members of the Board of Retirement are responsible for establishing StanCERA’s bylaws and policies in accordance with applicable local, state and federal laws.
Compensation Assessment Policy
Dissolution of Marriage or Domestic Partnership Policy
Electronic Data Security Policy
Excess Earning and Interest Posting Policy
Governing Law and Jurisdiction Policy
Investment Related Policies
StanCERA’S Investment Process
The nine-member Board of Retirement is responsible for establishing StanCERA’s investment policy objectives in accordance with applicable local, state and federal laws. The Board exercises authority and control over the management of the plan by setting policy. StanCERA’s staff executes that policy, either internally or through the use of prudent external experts.
The Board oversees and guides the plan subject to the following basic fiduciary responsibilities:
- To act solely in the interest of, and for the exclusive purpose of providing economic benefits to participants and their beneficiaries.
- To act with the care, skill, prudence and diligence of a prudent expert in the investment of plan assets.
- To diversify the investments of the plan so as to minimize the risk of loss and to maximize the rate of return, unless under the circumstances it is clearly prudent not to do so. Diversification is applicable to the deployment of the assets as a whole.