SEIU Local 221 retired member and county employee, Luz Villafana, spoke in front of the board as a retired county employee and implored them to rethink their controversial investment strategy
We are asking members to send a message to the board of SDCERA asking them to terminate the contract of Salient Partners. Can we count on you to help protect the retirement security of all SDCERA beneficiaries?
Click here to tell the SDCERA Board of Retirement members that Salient has got to go!
Salient has charged astronomical consulting fees (over $10 million already) and is pushing a risky high-leverage investment strategy. The outsorucing model has also placed too much control in the hands of Salient when it should be reviewed by the SDCERA board members that are responsible for representing beneficiaries and tax payers.
After you have sent your email to the board of SDCERA, join us for the next SDCERA Board Meeting on Thursday, October 2nd at 8:30 AM at SDCERA (2275 Rio Bonito Way, Suite 200, San Diego, CA 92108) where we will personally ask the board members to terminate the contract with Salient Partners.
The board has placed this item on the agenda, but Salient is pushing back and is trying to keep its contract, so we need to be there with numbers!
SEIU Local 221 members and other county employees have earned their pension through years of public service, together we can protect our retirement security.