SBCERA Obtains Government Honor for Eleventh Consecutive Year

SAN BERNARDINO, Calif.--(Business Wire)--
The San Bernardino County Employees' Retirement Association
(SBCERA) was awarded the Certificate of Achievement for Excellence in
Financial Reporting by the Government Finance Officers Association for
its comprehensive annual financial report (CAFR). This is the eleventh
consecutive year that SBCERA has been honored with this distinction.

The Certificate of Achievement is the highest form of recognition
in governmental accounting and its bestowal represents a significant
accomplishment by a government entity and its management. It has been
awarded to SBCERA Chief of Fiscal Services Michael O'Kelly for his
role as the primary department designee for the preparation of this
award-winning CAFR. "I am pleased to have been a part of this
intensive evaluation process and am delighted that SBCERA is once
again honored for having exceptional standards," said O'Kelly.

"Full disclosure is the focus of this annual projects," reported
SBCERA Executive Director/CIO Timothy Barrett. "It's a means for us to
communicate the SBCERA finances in a way that our members and
stakeholders understand. We want them to be confident the trust funds
are in reliable hands and are being managed in ways that continue to
foster safe growth."

The San Bernardino County Employees' Retirement Association
(SBCERA) provides its members and their beneficiaries with retirement
and related benefits and services which they have earned, commensurate
with their years of service and compensation. The Board of
Retirement's responsibilities and functions are governed by the
applicable provisions of the California Government Code, along with
the bylaws and regulations of SBCERA.

San Bernardino County Employees' Retirement Association
Danielle Jaramillo, Communications Officer
909-885-7980, ext. 329
djaramillo@bor.sbcounty.gov
www.sbcera.org

Copyright Business Wire 2008