Thank you for your ongoing donations. They are greatly appreciated as they help offset our operating expenses, allowing us to continue our work serving you. CLICK HERE to donate today!
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. The U.S. Food and Drug Administration (FDA) has granted emergency use authorization for two vaccines to prevent COVID-19. These highly effective vaccines (approximately 95% effective at preventing COVID infection) are now being distributed to counties and healthcare providers across the country. Vaccine allocation, prioritization and timeline is heavily regulated and directed by the federal and state government. There are Phases in the prioritization plan…. PHASE 1a. Healthcare workers and emergency medical responders at highest risk of getting COVID-19 from their jobs. To date, the State has authorized vaccine supplies for Phase 1a only. Tier 1 Acute care employees, direct patient care facilities, assisted living and skilled nursing facility staff and residents, emergency medical technicians and paramedics, and similar settings for older or medically vulnerable individuals. Tier 2 In home supportive workers and home health care staff. Tier 3 Specially care clinic staff, i.e., laboratory staff, pharmacy staff. PHASE 1b has not yet been defined by the State or has PHASE 1c For general information about the COVID-19 vaccine please visit…https://sf.gov/information/about-covid-19-vaccines.
SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)
SFERS obtained a new milestone in December, with total assets crossing over 30 billion for the first time. SFERS finished the CY 2020 with a solid gain of 13.48% capped by a 9.22% in the last quarter alone. For the FY 2020/2021 SFERS investment returns stand at 16.40%
Political Developments and the Pandemic course will continue to contribute to the investment landscape. As the COVID vaccines become more accessible, stocks in many sectors and regions have begun to take off. As the Democrats now control the Senate and the House of Representatives SFFERS believes there may be some initial impact on investing while the long – term impact will depend on actual lawmaking.
PROTECT OUR BENEFITS BOARD
With the new Board of Supervisors installed, POB will try to converse with and be recognized by them. With COVID it seems almost insurmountable, but we will persevere in achieving our goals. Nice to see the Fund doing so well under these conditions. We hope that the powers that be will coordinate the process for all people to be vaccinated as quickly as possible and put this mess behind us. Meanwhile, please continue to follow health guidance to protect yourself from COVID-19, keep your distance from others, wear a face covering, wash your hands frequently, and if you feel sick, stay home from work, isolate, and get tested. Be safe.
UNITED WE STAND, DIVIDED WE FALL
Thank you so much for all the kind donations in 2020.
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!