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PROTECT OUR BENEFITS IS AN ORGANIZATION WHOSE GOALS ARE TO ENHANCE THE DIGNITY AND QUALITY OF LIFE OF ALL SAN FRANCISCO AND COUNTY RETIREES AND PRESERVE THEIR HEALTH AND RETIREMENT BENEFITS.
FROM THE EXECUTIVE BOARD OF PROTECT OUR BENEFITS, Inc.
VOTE YES ON PROP A
SAN FRANCISCO HEALTH SERVICE SYSTEM
The Health Service System is in the month of October which is Open Enrollment month. Everyone should have received the packet of services followed up by email information. So, if you haven’t made your changes, now is the time to visit: sfhss.org/oe2023 Everybody’s situation is different, pick what is best for YOU!! If you’re not changing anything, do nothing. You will automatically be renewed in the plan that you have.
It has come to POB’s attention that some members are been billed individually by the doctors, clinics, and hospitals. This should not happen!! If this does happen to you, contact San Francisco Health Service at once. Whether by phone: 628-652-4700 or Toll-Free 1-800-541-2266 or Health Service’s website: sfhss.org
SAN FRANCISCO EMPLOYEE RETIREMENT BOARD SYSTEM (SFERS)
As of September 30, 2022, the SFERS total fund was valued at $32.5 Billion. Year to Date we are negative 11.41% and for the Fiscal Year to Date negative 2.34%. Putting the Year 2022 into context, losses are notable as one of the worst in 40 years!! August inflation data was higher than expected and geopolitical issues like the ongoing Russia situation have driven risk mode up.
Though SFERS’s strategic themes were challenged in FY 2022, SFERS has benefitted from them over the long haul and maintains a strong conviction these active risks will be successful going forward. On a positive note, during the Friday, October 20th earning session Wall Street’s earnings were stronger than expected, driving the Nasdaq up 2.31%, the DOW up 2.47%, and the S&P up 2.10%, all in one day! Remember, SFERS has outperformed the major indexes consistently.
PROTECT OUR BENEFITS, INC. (POB)
By the time you receive this Newsletter, we will be coming down to the home stretch for getting PROP A passed before the voters of San Francisco. We now have endorsements from Sen. Dianne Feinstein, Speaker Nancy Pelosi, Mayor London Breed, and hundreds more. We know we have your support, but we need your friends and neighbors as well. Please continue to dig deep into your Rolodex and call all San Francisco voters you know to make sure they vote for Prop A. We still appreciate our supporter’s donations for our final social and digital media blitz. YES ON A, IT’S THE RIGHT THING TO DO”! If anyone has any questions, simply direct them to the website: www.YesonPropA.net
UNITED WE STAND,
DIVIDED WE FALL
Your continuing contributions to our charitable non-profit, to offset our operating costs, are greatly appreciated and are tax-deductible. Please mail them to Protect Our Benefits Trust, P.O. 210250, San Francisco, Ca. 94121-0250 or CLICK HERE to donate today!