What is the Pension Trust?
The San Luis Obispo County Pension Trust (SLOCPT) is an independent trust established for the employees of San Luis Obispo County, the Superior Court in San Luis Obispo County, and certain local agencies that have elected to contract with the County Board of Supervisors to participate in the Trust. The benefits available from SLOCPT are set forth in the San Luis Obispo County Employees Retirement Plan.
The mission of the San Luis Obispo County Pension Trust is to adequately fund and promptly pay the benefits accrued by it's Members pursuant to the provisions of the San Luis Obispo County Employees Retirement Plan and consistent with Article 16, Section 17 of the California State Constitution.
SLOCPT exists for the exclusive purpose of providing accurate, timely benefits and services to its members and their beneficiaries. SLOCPT is also charged with the prudent investment of Member Contributions and County Appropriations, and defraying reasonable expenses of administration.
Established as a voluntary plan in 1958 under California Government Code Section 53215, SLOCPT has evolved over time. In 1968 the Retirement Plan was amended to its present form. In 1974, participation in the Plan became mandatory for all permanent County employees. Other contracting agencies that participate in the Retirement Plan are the Superior Court of San Luis Obispo County, the Air Pollution Control District, the Local Agency Formation Commission, and the Pension Trust itself.