Retirement Board
The Retirement System and its members benefit greatly from the leadership of an experienced and knowledgeable Retirement Board. Within the scope of its fiduciary duties, the Board establishes and follows policies governing the administration, management, and operation of the City’s retirement plans; manages the investment of the Retirement System’s assets; approves disability benefit determinations; and approves actuarial assumptions used to fund long-term benefit promises of the SFERS Pension Plan. The Retirement Board meets on the second Wednesday of each month.
The Retirement Board is composed of seven members: three members elected by the active and retired members of SFERS; three members appointed by the Mayor in accordance with §12.100 the San Francisco City Charter; and one member of the Board of Supervisors appointed by the President.
Board Documents
Normal Retirement Age Policy Bona-Fide Separation Policy Purchase of Public Service Policy Purchase of Unpaid Parental Leave Policy Credited Interest Rate Policy Actuarial Funding Methods Policy Retirement Board Retirement Board President and Vice President Executive Director  Actuarial Services Coordinator Governance Committee  Investment Committee Operations Oversight Committee Deferred Compensation Plan Committee  Personnel Committee Code of Fiduciary Conduct, Ethics and Governance Board Operations Board Communication Board Education and Travel Monitoring and Reporting Service Provider Selection Strategic Planning Statement of Incompatible Activities Undue Influence Policy Executive Director Performance Evaluation Policy Actuarial Services Coordinator Performance Evaluation PolicyCommissioners
President
Scott Heldfond
Director, Aon Risk Services
Global Insurance Brokerage firm
Appointed Member
Term Expires: 02/20/2029
Vice President
A.J. Thomas
Active Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2027
Leona M. Bridges
Former Managing Director
Barclays Global Investors
Appointed Member
Term Expires: 02/20/2028
Joseph Driscoll, CFA
Retired Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2026
Shruti Gandhi
Founder & Managing Partner, Array Ventures
Appointed Member
Term Expires: 02/20/2029
Tim O’Connor
Active Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2025
Joel Engardio
Member, Board of Supervisors
Ex-Officio Member
Term Expires: 01/7/2025
