There’s good news to report for beneficiaries in the San Francisco Employees’ Retirement System (SFERS). As of the end of August 2025, the fund stood at $38.2 billion, up $1.2 billion from July 1, 2025. The investment returns of 7.9% is above the 7.2% required to trigger a supplemental COLA. We are cautiously optimistic that we can look forward to a Supplemental COLA in 2026.
The new leadership is changing things up at SFERS to modernize the system to work more efficiently. Moving forward, there will be less public board meetings and more internal staff meetings to more closely monitor the funds.
The SFERS board will meet in December to make a final determination on the SCOLA increase. Stay tuned for updates.