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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

Commissioners

President
Scott Heldfond
Director, Aon Risk Services
Global Insurance Brokerage firm
Appointed Member
Term Expires: 02/20/2024

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: 02/20/2024

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