As of Nov. 1, 2024, SAN FRANCISCO EMPLOYEES RETIREMENT SYSTEM (SFERS) total fund assets are valued at $36.2 billion. That represents a $100 million increase in October. Once again, the fund managers are doing very well. The decision on the Supplemental COLA increase will be made in December. There is a lag time in reporting of some funds, therefore it is impossible to calibrate the SCOLA without complete data. We will keep you posted on any additional decisions.
November 2024 Health Service System Updates
Last August, the HSS Board voted to move the retiree healthcare plan from United Healthcare PPO to Blue Shield CA PPO, effective January 1, 2025. You should have received an email from HSS alerting you to the change. In addition, HSS has set up a website https://myoptions.blueshieldca.com/sfhss_retiree, including drug coverage formularies for 2025, and sent out a 6-page brochure called Changes to SFHSS 2025 Medicare Plan. BSC has also set up a hotline at (800) 370-8852 if you have any concerns about changing from UHC to BSC Medicare Advantage PPO. Don’t wait until the plan changes over on January 1, to find out if your doctors, specific specialty needs, pharmacy or gym membership changes will be affected. Call them today.
Blue Shield CA has told us they will talk to your doctors in the meantime, and be available to answer your questions. Their hotline is open from 8 am to 8 pm, 7 days a week.
POB continues to be your watchdog, ensuring that your benefits are safe. We are in your corner. If you don’t get satisfaction from BSC, fill out the form on our website here https://protectourbenefits.org/tell-us-your-story/ or drop us a note so we can assist you.