What’s Happening to Our Pension Contributions Rates?

Many Local 21 members may recall last year’s San Francisco Retirement Board election. Local 21 endorsed Al Casciato and he won the election by a landslide, thanks our collective efforts.

 The Retirement Board governs the administration, management, and operation of the City’s retirement plans and manages the investment of the Retirement System’s assets. When investments in our pension fund do well, we pay less out of our paychecks.

We are pleased to announce that our contribution/cost sharing for Fiscal Year 2018-2019 remains the same as it currently is (FY 2017-18); our pension rates are NOT going up this year. This favorable news further illustrates how important it is for us to stay engaged and involved with the fight to protect our benefits; it makes a difference!