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 still operating in a virtual environment and is closed to the public. It seems, the City is returning to opening and slowly to try to return to normalcy. SFHSS is in negotiations with Medical, Dental and Vision plans for Plan Year 2022 and therefore the Vendor Black Out Period will continue through June 2021. After all rates and benefits are approved by the HSB. Also, there is a Request for Proposal (RFP) going on for Medi-Care Retirees for UHC, hopefully that will attract more HMOs to bid on services, this is for the calendar year 2022-23. Delta Dental Plan has a SmileWay Wellness Program which offers enhanced preventive services and concerned about dental costs. Check this out. Apparently, it is being underutilized and is confusing to members and providers.
SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)
In May 2021 SFERS investments returned 3.54%. So far in the first five-months CY 2021, SFERS portfolio has gained 11.54%. With eleven months in the books for FY 2021-21, SFERS investments have posted a return of 30.62%. There is a new Retirement Commissioner Shruti Gandi, who is replacing Carmen Chu. The new President of the Retirement Board is Al Casciato and Asha Safai is Vice-President.
PROTECT OUR BENEFITS
POB wishes to welcome Commissioner Shruti Gandi to the SFERS Board and looks forward with working with her. The Retirement System is rolling right along with record profits which is unbelievable in this era. Hopefully, it stays this way, maybe we will see a Supplemental Cola for the fiscal year 2020-21. We will know more on June 30th. Unfortunately, the pre-1996ers will not benefit. Due to the injustice of Prop. C of 2012. But rest assured, POB has not forgotten about YOU!!!!
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!