Governance & Policies

GOVERNING DOCUMENTS 

County Employees Retirement Law of 1937 (CERL)

Kern County Employees’ Retirement Association Board of Retirement CERL Regulations (formerly Bylaws)

Public Employees’ Pension Reform Act of 2013 (PEPRA)                                  To learn more about PEPRA click here.

GOVERNANCE POLICIES

Board Charters

Administrative Committee Charter
Board of Retirement Charter
Chair Charter
Committee Chair Charter
Executive Director Charter
Finance Committee Charter
Investment Committee Charter
Secretary to the Board Charter
Vice-Chair Charter

Board Policies

Board Communications Policy
Board Operations Policy
Board Performance Evaluation Policy
Code of Conduct
Due Diligence and Service Provider Selection Policy
Evaluation Period Policy
Executive Director Performance Evaluation Policy
Executive Director Succession Policy
Investment Policy Statement
Monitoring and Reporting Policy
Service Provider Evaluation Policy
Trustee Education Policy                                                                                    To view the annual trustee education report as of December 31, 2020 click here.
Trustee Travel Policy

KCERA OPERATIONAL POLICIES & PROCEDURES

Actuarial Funding Policy
Administration of Special Allowances Initiated by KCERA Plan Sponsors (also known as “Special Pays Policy”)
Administrative Appeals Policy
Conflict of Interest Code
Declining Employer Payroll Policy
Election Procedures Policy
Employer Termination Policy
Legislative Policy
Overpayment and Underpayment of Member Benefits Policy
Overpayment and Underpayment of Member Contributions Policy
Placement Agent Policy
Post-Retirement Employment Policy
Regular Interest and Excess Interest Crediting Policy
Rules of Procedure for Disability Retirement
Securities Litigation Policy
SRBR Policy

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