• According to the San Francisco Human Services Agency Department of Aging and Adult Services nearly 30% of San Francisco residents will be 60 or older by the year 2030. 
  • Many of these adults are living on a fixed income, forcing them to live below the federal poverty level.
  • Some of these retirees’ pensions are based on salaries as much as 80% less than present-day salaries.

Background:

  • In 1996 the Board of Supervisors sponsored a ballot measure that did create a Supplemental Cost of Living Adjustment (SCOLA) for City Retirees. Employees who had been retired 30 or more years received an average pension of $550 per month. Inflation had so eroded the purchasing power that these pensioners were living below the poverty level.
  • The Board of Supervisors stated that it was an issue of fairness in its 1996 ballot argument in favor of prop C. The voters agreed. The passage of Prop C in 1996 raised the existing COLA from 2% to 3% in years when the Retirement System had excess investment earnings over their assumed rate of return for the prior fiscal year.  
  • In 2011, Prop C Pension Reform ballot measure changed the method for Supplemental COLAs to be paid out. Litigation followed and the Courts restored the Supplemental Cost of Living Adjustments to all but the original retirees — those who retired prior to 1996.  
  • Approximately 4,500 retirees are involved. Many have given more than 30 years of dedicated and loyal service to the City and County of San Francisco. This number of our most senior and vulnerable retirees, whose average age is in the mid 80s, and grows smaller each year. It is anticipated the average expected remaining lifetime of this aging group of retirees is 5 more years. 
  • We cannot allow this unfair condition to continue. Such exclusion must be reversed. Our ballot measure would correct this injustice and restore a modest increase to their pension allowance which they earned and contributed from their paychecks, while offering a measure of protection against inflation.  We believe all fair-minded voters would agree and support such a measure. 

Why Do We Need This Ballot Amendment?

It is the Fair way to treat these retirees.

These Senior Retired City Workers Earned these benefits.

These Senior Retired City Workers Earned these benefits.

They shouldn’t have to Choose between paying for food, housing or prescription drugs.

It Won’t Cost Taxpayers anything; much like social security, our seniors earned these benefits.

It Won’t Cost Taxpayers anything; much like social security, our seniors earned these benefits.