Governance & Policies

MCERA is governed by the County Employees Retirement Law of 1937 (California State Government Code Section 31450 et. seq., also referred to as the 1937 Act). MCERA is also governed by the California Constitution and the bylaws, procedures and policies adopted by MCERA's Retirement Board. The Marin County Board of Supervisors and the governing boards of other participating employers may also adopt resolutions, as permitted by the 1937 Act, which may affect the benefits of MCERA members.

Governing Law & Bylaws

• County Employees' Retirement Law of 1937
• MCERA Bylaws

Policies

• Accessibility of Records
• Actuarial Equivalence Determinations for Modified Retirement and Survivor Allowances
• Adoption of Actuarial Economic Assumptions
• Annual Affirmation as to Key Policies
• Budget
• Class Action Securities Litigation
• Code of Fiduciary Conduct, Ethics and Governance
• Compensation Earnable and Pensionable Compensation Determinations
• Conflict of Interest Code
• Credit Card
• Disability Retirement and Survivor Benefits Applications
• Divestment, Statement of Investment Policy
• Due Diligence
• Education
• Election and Duties of Board of Retirement Officers
• Facility Use and Reservation
• Fiduciary Liability Insurance and Claims Reporting
• Implementation of California Felony Forfeiture Laws 
• Interest Crediting
• Investment Code of Conduct and Insider Trading
• Investment Policy Statement
• Key Service Provider Performance Evaluation
• Placement Agent Payment Disclosure
• Portable Electronic Device
• Procedures for Hearings on Matters Other than Disability Retirement
• Proxy Voting and Corporate Governance
• Reciprocal Members' Final Compensation Determination
• Records Retention Policy and Guidelines
• Retirement Administrator Annual Performance Evaluation
• Senior Management Contingency Plan
• Statement of Elected Board Member Duties
• Timing of Employer Payment of Required Contributions to MCERA
• Travel and Expense
• Unrestricted Earnings
• Whistleblower