Announcements

The San Francisco Employees’ Retirement System Records Strongest Year End Performance in Decades

The San Francisco Employees’ Retirement System (SFERS) generated a return of 33.7% for the 12-month period ended June 30, 2021, the highest fiscal year return in the Trust’s history. All asset classes produced positive returns for the period led by Private Equity, Public Equity, and Private Credit which returned 67.5%, 43.7%, and 18.7%, respectively. These…

Published: September 24, 2021

Retirement Board Approves Supplemental COLA Effective July 1, 2021

At the meeting on September 8, 2021, the SFERS Retirement Board approved a Supplemental Cost of Living Adjustment (COLA) for qualified retirees or their entitled beneficiaries. Effective July 1, 2021, in accordance with Charter Sections §A8.526-3 and §A8.526-4, qualified SFERS members who retired on or before July 1, 2021, including those retired members or their qualified…

Published: September 8, 2021

2021 Annual Member Statements are Available Online!

Annual Member Statements for Fiscal Year ended June 30, 2021 are now available online via mySFERS secure member portal. Log in to mySFERS to view, download or print your statement. Not registered? Register for mySFERS by clicking “Register Here” at the top of the Log In box located on the Home Page. Registration is secure…

Published: August 16, 2021

CIO William Coaker Leaving SFERS: Kurt Braitberg Appointed Interim CIO

The San Francisco Employees’ Retirement System (SFERS) announces that Chief Investment Officer William Coaker will be leaving his position to join TAE Technologies, a clean energy company. Mr. Coaker has served as SFERS Chief Investment Officer since February 2014. Mr. Coaker will join TAE on August 3, 2021 as their inaugural Chief Investment Officer. Read…

Published: July 23, 2021

Retirement Board Elects New Officers

At the June 9, 2021 meeting, members of the Retirement Board elected Commissioner Al Casciato and Commissioner Ahsha Safai to serve as President and Vice President, respectively. Commissioner Al Casciato, an elected member of the Retirement Board, is a retired captain from the San Francisco Police Department. Supervisor Ahsha Safai represents District 11, which includes the Excelsior,…

Published: July 1, 2021

Employee Contribution Rates Unchanged in Fiscal Year 2021-22

At its May 12, 2021 meeting, the Retirement Board approved the City’s required contribution rate at 24.41% for Fiscal Year 2021-22, a decrease from 26.90% in Fiscal Year 2020-21. Although the decrease in the City’s contribution rate did not trigger a decrease in the employee rate, if a member’s hourly base rate of pay changed during the fiscal…

Published: June 30, 2021

SFERS Retirement Board Welcomes Shruti Gandhi

The Retirement Board of the San Francisco Employees’ Retirement System welcomes new member, Shruti Gandhi. Commissioner Gandhi fills the seat vacated by recently appointed City Administrator, Carmen Chu. Shruti Gandhi is the Founder and Managing Partner of Array Ventures, an early stage venture capital fund that focuses on solving pressing problems in large industries using…

Published: May 13, 2021

SFERS Proxy Voting 2020 Review and Updated 2021 Guidelines

During the February 10, 2021 Retirement Board meeting, SFERS staff provided its annual update on SFERS proxy voting program. This update included a report on shareholder votes cast during 2020, and seven recommended updates to the SFERS Proxy Voting Guidelines for 2021, which the Board approved. Read more…

Published: March 2, 2021

SFERS 2020 Annual ESG Update

During the October 14, 2020 Retirement Board meeting, SFERS staff provided their annual Environmental, Social, and Governance (ESG) update. Read the full overview here.

Published: October 26, 2020

Notice of Phishing Email

SFERS has been made aware of a phishing email that has been sent to some members. SFERS takes this seriously and wants all our members to know that this is  a spam email and not a solicitation that is affiliated with either SFERS or the City’s Deferred Compensation Plan (SFDCP). A company using the domain…

Published: October 23, 2020

No Supplemental COLA Payable, Effective July 1, 2020

At the September 2020 meeting, the Retirement Board determined that there will be no Supplemental COLA payable effective July 1, 2020, as there were no excess investment earnings on the Retirement Fund in the 2019-2020 fiscal year as required by Charter Section A8.526.

Published: September 10, 2020

An Update for our SFERS Community Regarding the COVID-19 Virus (Coronavirus)

The SFERS office will remain closed to the public until further notice. The SFERS Management continues to take proactive steps to ensure the wellbeing of our staff and our members. Your benefits will not be impacted, and we will continue to provide the service you have come to expect. Check back regularly, or call the…

Published: September 1, 2020

Annual Member Statements are in the Mail!

Annual Statements for fiscal year ended June 30, 2020 started mailing on August 12, 2020 to active and vested members.  Your Annual Statement will be mailed to your home address according to payroll records as of June 30, 2020. Please allow 5 to 7 business days to receive your statement. Starting on Monday, August 17th, you…

Published: August 12, 2020

No Access to mySFERS Member Portal Between 8/7/20 and 8/9/20 due to Website Maintenance

We will be conducting regularly scheduled maintenance on the mySFERS member portal between 6:00 pm on Friday, 8/7 and 6:00 pm on Sunday, 8/9. During the maintenance, members will not have access to the mySFERS member portal. Once the maintenance is complete, users may experience an extended delay in accessing account information as we refresh…

Published: August 4, 2020

Retirement Board Elects New Officers

At the June 10, 2020 meeting, members of the Retirement Board elected Commissioner Leona Bridges and Commissioner Al Casciato to serve as President and Vice President, respectively. Commissioner Leona Bridges, a former Managing Director for Barclays Global Investors of San Francisco, brings over 20 years of financial and investment management experience to the San Francisco Employees’…

Published: June 15, 2020

Update to the Notice of Potential Data Breach

The Retirement System has mailed letters to all affected members beginning June 1, 2020.  Your letter will provide an individual activation code if you have been offered Experian identity theft protection.  Experian requires this code in order to enroll you in the program.  Not all members will receive an activation code. The offer was made…

Published: June 2, 2020

An Update for our SFERS Community Regarding the COVID-19 Virus (Coronavirus)

Dear Members, We understand that this is a time of great uncertainty.  We know that our members may have concerns about the implications of the coronavirus outbreak to your long-term retirement plans and how to access SFERS services during this difficult time. From the outset of the COVID-19 pandemic, SFERS management have been taking proactive…

Published: April 1, 2020

A call to action to help win the fight against COVID‐19

The San Francisco Employees Retirement System (SFERS) issues a call to action for all businesses to find a way to reorganize their manufacturing, distribution, resources, and service capabilities to enable us all to win the fight against COVID‐19…Read the full press release here

Published: March 23, 2020

A Message to our SFERS Community Regarding the COVID-19 Virus (Coronavirus)

In accordance with a “Shelter in Place” Order from the City’s Public Health Officer issued on March 16, 2020, SFERS’ office is closed effective immediately and continuing through April 7, 2020. During this time, SFERS is employing the following actions: Our highest priority is to ensure that our retirees continue to be paid on time.…

Published: March 17, 2020

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