WARNING - "Pension Advisor" email issue
On November 19th the Pension Trust was notified by SLO County IT Information Security that emails were sent to many County employees from "Pensionmeeting.com" offering conference calls to discuss your retirement benefits. Upon further investigation we determined they are actually marketing 403(b) Plan financial services products that SLO County employees are not eligible for.
Responding to unsolicited financial services links may lead to your personal financial information getting in the hands of parties you do not know.
Always be cautious of clicking unfamiliar or unknown links in email.
Changes due to COVID-19:
In an effort to protect our customers and staff from the spread of COVID-19, our office will be temporarily closed to the general public. SLOCPT’s daily operations will continue as usual; however, all non-emergency business should be by telephone, email, or US Mail. Our staff will be available to answer your retirement questions and schedule telephone appointments if needed. Please call us at 805-781-5465 or email us at [email protected]. For more information on COVID-19, please click here.
Pension Trust's New Member Portal
The San Luis Obispo County Pension Trust (SLOCPT) announces that MemberDirect is now available to all SLOCPT members and retirees!
MemberDirect is an improved and secure way for members and retirees to access on-line pension benefits earned as part of their compensation for serving the public. Active Members will be able to view account balances, service credits, create benefit estimates, and schedule consultations. Retirees will be able to access paperless statements, IRS forms, and more.
Please visit https://members.slocpt.org to set up your MemberDirect account. During the enrollment process, you will need a PIN to complete the process. All members and retirees should have already received a PIN letter in the mail. If your PIN letter is lost or expired, you can request a PIN from the website or call SLOCPT for assistance. Once requested, the PIN letter will be mailed to you so you can finalize your on-line registration. This is a one-time enrollment PIN and expires after 90 days.
Please contact our office at 805-781-5465 for any questions or troubleshooting technical issues.
Investment Markets 2020:
Despite the economic turmoil of the Covid-19 pandemic, the Pension Trust is staffed and financially ready to ensure the payment of our promised benefits. As a Defined Benefit pension system, the Members and Retirees are protected from the direct effects of investment risk and mortality risk (the risk of outliving your savings).
The SLOCPT as a long-term investor has experiencd the effect of the early 2020 Bear market and had a January-July estimated rate of return of -1.7% (a significant bounceback considering that the January-March total return was -12.3%).
The SLOCPT moderates risk through a diversified portfolio of stocks (42%), bonds (31%), real estate (17%), private equity / private credit (10%). Staying the course as a long-term investor is prudent to be positioned for the long-term recovery in investments.
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 SLOCPT itself.