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SFERS Annual Report 2021

Published: June 30, 2021

For the past 100 years, the Retirement System has offered a financial safety net to its members. Today, SFERS offers an opportunity for financial security in retirement to tens of thousands of active and retired employees of the City and County of San Francisco and their survivors. And proudly, in
the same year we commemorate our 100th anniversary, we mark a funded status above 100%, for the first time since the great recession.

We extend our sincerest gratitude to the Retirement Board for its expert leadership now and over the years, and to our consultants for their professional guidance. To our valued members, know that SFERS maintains its strongest position in decades, and we are confident in our ability to meet
benefit obligations now and into the future.

And to the SFERS staff, we cannot express enough, our deepest thanks for their continued dedication, exemplary service to our members during these particularly challenging times, and for delivering extraordinary growth resulting in SFERS’ fully funded status in more than a decade. We could not have realized this record success without you.

Respectfully submitted,

Jay P. Huish
Executive Director