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, Inc.
SAN FRANCISCO HEALTH SERVICE SYSTEM
This being the month of December the City always seems to go into a slowdown. Once again if you feel you should get a COVID Booster by all means get it!! If any questions arise, you can google San Francisco Health Service System website, which is easy to do, http: sfhss.org or if you like to talk to a real person, SFHSS Member Services 1-628-652-4700 or Toll-free 1-800-541-2266. Stay safe.
SAN FRANCISCO EMPLOYEE RETIREMENT SYSTEM (SFERS)
As you probably already know there was some volatility in the stock markets this November. The markets grappled with the emergence of the Omicron strain of the COVID-19 virus, persistent concerns about inflation, and a likely acceleration of the Federal Reserve’s planned tapering of bond purchases. SFFER’s was down an estimated -0.04% in November. Still SFERS has generated an estimated return of 5.01% over the first five months of the fiscal year. SFERS has also generated an estimated return of 20.38% for the calendar year through November 30th. SFERS estimated assets at the end of November are $36.5 Billion. The Supplemental Cola for Fiscal Year 2020-2021 will be paid on your stipend at the end of Feb. 2022.
PROTECT OUR BENEFITS
One of the founding sisters of POB, Nancy W. Gin, recently passed. Nancy passed on November 24 in her sleep. She had been in ill health for some time. Those who remember Nancy know she was a true stalwart for City workers. She tried to improve benefits and was a driving force to establish the Supplemental Cola. POB would like to refer to our Ballot measure as the Nancy Gin Charter Amendment to honor Nancy. WE must complete her vision by restoring the SCOLA to the pre 1996ers. For the latest news on restoring the SCOLA, visit www.fairnessforsfretirees.com Rest in Peace, Nancy.
As always the Board Of Protect Benefits, Inc. wants to wish you and yours, Happy Hanukkah, Happy Kwanzaa, and Merry Christmas and to a new and Peaceful New Year – 2022.
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!