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
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
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
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
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
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
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
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
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
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
On March 11, 2020 the Retirement Board of the San Francisco Employees’ Retirement System (SFERS) voted unanimously in favor of an updated Climate Action Plan with an ambition that the SFERS portfolio is net carbon zero by 2050….Read full press release here
Published: March 11, 2020