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
May is Mental Health Awareness Month, and our mission includes the well-being of all members of SFHSS, including our staff. During the past, several months we have grappled with a high-profile trial, senseless deaths, and mass shootings. These repeated and tragic loses of life are not and should not be normal. We can all benefit from practicing more self-care, prioritizing mental health, and focusing on the healing value of connecting in safe ways. Lastly, SFHSS would like to amplify the message that “YOU ARE NOT ALONE”.
SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)
In April our portfolio had another very strong month, gaining 2.08%. Public Equity led the way, posting a return of 4.34% in April. Private Equity gained 1.39% while our Fixed Income book returned 0.81%. With ten months of FY2020-21 in the books, SFERS have posted a stellar return of 25.73%. Our Public equity and Private Equity portfolios have posted extraordinary returns, gaining 39.74% and 41.22%, respectively, this fiscal year. SFERS Absolute Return portfolio has gained 12.29% through March. The factors enabling stock prices to continue rising include very impressive earnings growth, falling unemployment, and unprecedented economic stimulus. The latter has pushed up inflationary pressures, but so far rising prices have not stopped stock prices from moving significantly higher.
PROTECT OUR BENEFITS BOARD
It’s nice to see the Retirement Fund is doing so well. But who knows what comes next? Everybody wants to return to “normal”. Maybe this is the “new normal”. We want the “new normal” to be without the recent tragedies and the madness. That also includes COVID. The repercussions of all the above has put a real strain on all of us, especially in mental health. The loneliness, isolations, no interaction with people who we love. If any of these affect you, please seek help or guidance, YOU ARE NOT ALONE!!!
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!