Retirement Board
The Retirement System and its members benefit greatly from the leadership of an experienced and knowledgeable Retirement Board. Within the scope of its fiduciary duties, the Board establishes and follows policies governing the administration, management, and operation of the City’s retirement plans; manages the investment of the Retirement System’s assets; approves disability benefit determinations; and approves actuarial assumptions used to fund long-term benefit promises of the SFERS Pension Plan. The Retirement Board meets on the second Wednesday of each month.
The Retirement Board is composed of seven members: three members elected by the active and retired members of SFERS; three members appointed by the Mayor in accordance with §12.100 the San Francisco City Charter; and one member of the Board of Supervisors appointed by the President.
Board Documents
Bona-Fide Separation Policy
Purchase of Public Service Policy
Purchase of Unpaid Parental Leave Policy
Credited Interest Rate Policy
Retirement Board President and Vice President
Executive Director
Actuarial Services Coordinator
Governance Committee
Investment Committee
Operations Oversight Committee
Deferred Compensation Plan Committee
Personnel Committee
Board Operations
Board Communication
Board Education and Travel
Monitoring and Reporting
Service Provider Selection
Strategic Planning
Statement of Incompatible Activities
Undue Influence Policy
Executive Director Performance Evaluation Policy
Actuarial Services Coordinator Performance Evaluation Policy
Commissioners
President
Scott Heldfond
Director, Aon Risk Services
Global Insurance Brokerage firm
Appointed Member
Term Expires: 02/20/2024
Vice President
A.J. Thomas
Active Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2027
Leona M. Bridges
Former Managing Director
Barclays Global Investors
Appointed Member
Term Expires: 02/20/2028
Joseph Driscoll, CFA
Retired Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2026
Shruti Gandhi
Founder & Managing Partner, Array Ventures
Appointed Member
Term Expires: 02/20/2024
Tim O’Connor
Active Member
City and County of San Francisco
Elected Member
Term Expires: 02/20/2025
Joel Engardio
Member, Board of Supervisors
Ex-Officio Member
Term Expires: 01/7/2025