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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.

SAN FRANCISCO HEALTH SERVICE SYSTEM 

SFHSS urges all eligible members to get their vaccine, 1st, 2nd, and booster doses. Our Health Plans and providers continue to monitor COVID-19 causes, testing, and vaccination. There has been a change of leadership for the Chief Financial Officer at SFHSS. Larry Loo will be leaving SFHSS. He will serve as the lead of a community health care organization built upon the foundation of the hospital where he was born. He is being replaced by Iftikhar Hussain, who has extensive background in healthcare finance and has worked at many healthcare institutions such as El Camino Healthcare District, Sutter Health -Mills Health Services Hospital. Also, Mitchell Griggs, Chief Operating Officer, announced his retirement. He will be retiring in May 2022. If questions arise, you can Google San Francisco Health Service System: http:sfsfhss.org or call SFHSS Member services 1-628-652-4700 or Toll-free 1-800-541-2266

SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)   

With the exception of Fixed Income and Emerging Market Equities, 2021 was a remarkable year for asset class returns. However, unlike within the U.S., Emerging Market Equities did experience volatility, government enacted several anti-monopolistic, industry-specific, and consumer protection-focused regulations leading to losses, particularly in the Technology, Education, and Entertainment sectors. SFERS assets were up an estimated 1.44% in December. SFERS has generated an estimated return of 6.68% over the first half of the current fiscal year. Also, SFERS generated an estimated return of 22.30% for the calendar year. SFERS’s estimated assets at the end of December are $37.1 Billion.

PROTECT OUR BENEFITS (POB)

Good news on the Fairness for SF Retires Campaign. We’ve already raised over $100,000 from our supporters. We have a growing list of endorsements – 10 labor groups and community organizations along with over 120 individual endorsers as well, including CARA, Living Wage Coalition, SEIU 1021, Firefighters 798, San Francisco Police Officers, and more. We are building a “buzz” for our campaign. Now that the holidays are over, Supervisors are starting to call us back about endorsing our amendment. There‘s no doubt the latest COVID outbreak has slowed us down, but we are working hard to get the amendment to be on the November ballot. We look forward to working with all of you once the charter amendment qualifies for the ballot. Find out how you can help at:www.fairnessforsfretirees.com. Onward and upward.

REMEMBER

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!