A MESSAGE FROM FORMER PROTECT OUR BENEFITS CHAIR LARRY P. BARSETTI
I will leave the below information re: the pre-1996 retirees intact. There have been no changes and we're waiting for the California Appellate Court to make the next move.
On March 9, 2017, the superior court entered a final judgment in favor of the City and County of San Francisco and against the Retirement Board of the San Francisco Employees’ Retirement System. In plain terms, what was a temporary injunction is now permanent, and, unless the retirement fund is fully funded or the charter amended, the pre-1996 retirees will not be exempt from the requirements of the 2011 Proposition C regarding their supplemental COLAs.
On April 4, 2017, the retirement board filed a notice of appeal as to the judgment of the trial court. This is the first step in the appeal process, and the city has been served notice. We will keep you informed of future actions regarding the appeal. The POB is not a party to the suit, but is an amicus curiae (friend of the court), so we will be kept informed of future developments.
As you may have noticed by the change in the heading "Protect Our Benefits (POB)" is now in the process of becoming "Protect Our Benefits, Inc. (POBI)" Filings for 501(C)3 and 501(C)4 status are being made, though the process will take some months. We'll be called POBI but we'll remain the same organization. We'll continue to ensure (to the limits of the law) that the retirement and health care bebefits guaranteed all of us by the City and County of San Francisco are not changed or taken from us. That will remain our solumn pledge to you, the retirees who worked so hard for the City of San Francisco.
As of July 1, 2017 I will no longer Chair POB. With the new corporate status comes a new President/Chairperson of the Board, Federico Sanchez. I will become Vice President/Vice Chairperson of the Board. I decided it was time for new blood in the top position and the POB Committee members (soon to be members of the Board of Directors) decided that Federico was the person for the job. I will assist Federico in taking over the helm but agree he is the right man for the job. I was honored to serve as Chair of POB for the last seven years and look forward to continuing the work of POBI as VP/VC. I'll update the photo, etc. as soon as I get a new one from Federico.
This page will be updated as information is developed.