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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
SAN FRANCISCO HEALTH SERVICE SYSTEM
SFHSS IS OPERATING IN A VIRTUAL ENVIORNMENT AND IS CLOSED TO THE PUBLIC. As a result of the Request for Proposals (RFP) for the the following Health Plans for the for the 2022-2024 Plan Years the San Francisco Health Service System recommended and passed a motion at the February 11th, SFHSS meeting that the following health plans for SFHSS Members who are: ACTIVE EMPLOYEES, NON-MEDICARE-ELIGIBLE RETIREES, AND THEIR RESPECTIVE NON-MEDICARE-ELIGIBLE DEPENDENTS (COLLECTIVELY, “NON-MEDICARE MEMBERS”):
The adopted plans are:
BLUE SHIELD OF CALIFORNIA (BSC) ACCESS+HMO (continuing)
BSC TRIO HMO (continuing)
HEALTHNET CANOPY CARE (CANOPY) HMO (new)
BSC BLUE CARD NETWORK (national) PPO with PPO Accolade (new) replaces United Health Care PPQ
KAISER HMO (excluded from the RFP) (status quo)
The Health Service System will take up the issue of RFP for the Medi-Care members later.
SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)
In January 2021 SFERS portfolio edged out a gain of 0.08%. Public and Private Equity posted returns of 0.18% and 0.16%. With seven months of FY2020-21 in the books, SFERS investments have returned 17.24%. Our Public Equity portfolio is up 29.89% this fiscal year, driven by extremely high returns in our technology, biotech, and China managers. SFERS investment portfolio totals $30.7 billion, a new high, and a stunning gain since the end of the Global Financial Crisis in February 2009 when our portfolio was valued at $11.1 billion.
PROTECT OUR BENEFITS BOARD
Be sure to get your COVID vaccination. More vaccinations are coming available and locations are opening. Be safe and as always follow the safety protocols, washing hands, face mask and social distancing. As you know Carmen Chu, SFERS Trustee, has been promoted to Chief Administrative Officer of CCSF. Her vacancy will be filled by the Mayor’s Office. POB wishes Ms. Chu good luck and thank-you. Hopefully, things will loosen up and we can approach the Board of Supervisors and get our message to them. If you know of any recent retiree of CCSF have them check out our website or have them contact POB. This is especially for non-Medicare retirees. Be safe.
POB also received an URGENT NEWS ALERT from SFERS that read BEWARE OF EMAILS TARGETING CITY EMPLOYEES. PROTECT YOUR PERSONAL AND FINANCIAL INFORMATION. These are spams from third parties. SFERS would only contact you directly. Call SFERS at 415 487-7057 if you have on concerns.
UNITED WE STAND, DIVIDED WE FALL
Your continuing contributions and support 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!