Supplemental Cost of Living Adjustment Charter Amendment Will Restore Benefits to Thousands of San Francisco Retirees
SAN FRANCISCO – The campaign for Proposition A, the San Francisco Retiree Supplemental Cost of Living Adjustment Charter Amendment, is excited to announce that esteemed U.S. Senator Dianne Feinstein has endorsed the ballot measure.
Senator Feinstein joins a growing list of organizations and individuals that have endorsed Proposition A. These include the San Francisco Labor Council, the San Francisco Democratic County Central Committee and the Latinx Democratic Club. Former elected official and Democratic Party leader John Burton, Assemblymember Matt Haney and the Potrero Hill Democratic Club have also recently endorsed Prop A. A full list of supporters can be found here.
Additional supporters include Board of Supervisor lead sponsor Ahsha Safai, Fire Fighters Local 798, the San Francisco Police Officer Association, SEIU 1021, the Bernal Heights Democratic Club. the California Alliance for Retired Americans, the Grey Panthers and the San Francisco Living Wage Coalition.
Because of changes to the San Francisco City Charter more than a decade ago, approximately 4,500 city retirees have had their pensions unfairly compromised. These changes stripped away their supplemental Cost of Living Adjustment (COLA), and forced many to live on pensions of as little as $22,000 a year. The Charter Amendment will restore the supplemental COLA benefit payments to members of the San Francisco Employees’ Retirement System who retired before November 6, 1996.
“We’re delighted to have earned Senator Dianne Feinstein’s support,” said Fred Sanchez, co-chair of the campaign to restore retiree benefits. “She recognizes the importance of restoring these benefits to our retirees. We must get this measure passed.”
For more information, visit https://yesonpropa.net/.