SFERS Board Votes to Divest from Russia and Halt All New Investments

Published: March 10, 2022

At the March 10, 2022 meeting, the San Francisco Employees’ Retirement System (SFERS) Board voted
to halt all new investments in Russian securities immediately and to take steps to divest from Russian
securities that are linked to harmful foreign activities as defined by the U.S. Government. This decision
comes in response to the unprovoked Russian military invasion of Ukraine, resulting in the deaths of
innocent civilians. The actions of Russian leadership have not only destabilized the region but have also
created volatility in the global financial markets. The SFERS Board and Staff stand in solidarity with the
citizens and country of Ukraine. Read the full announcement here.

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