Guiding SamCERA Forward: Leadership Transition News

After years of dedicated leadership, SamCERA’s Chief Executive Officer, Scott Hood, has announced his plans to retire in 2026.

Under Scott’s guidance, SamCERA has made significant strides in improving operations, increasing transparency, and enhancing service for members. Throughout his tenure, Scott has consistently prioritized the needs of members and the long-term health of the retirement system.

When Scott began as CEO, SamCERA’s funded ratio was 78.8% with a valuation of $3 billion, based on the June 30, 2014 valuation. Today, SamCERA stands in an even stronger position. As of the most recent valuation, the system is 89.3% funded with a valuation of $7.2 billion – a testament to the strong financial stewardship and direction Scott has brought to the organization.

We are deeply grateful for his leadership and the lasting contributions he has made to SamCERA.

As part of this upcoming transition, Paul Okada will be stepping into the CEO role. Over the coming months, Scott and Paul will work closely together to ensure a smooth leadership transition, maintaining continuity for SamCERA members.