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SFGTV May 15, 2014

Mayors Budget Office and the controllers office, particularly marisa and teresa cal and teresa sandler. To help the Department Connect to county policies. And on behalf of the 11,699 children we support, thank you for your time and attention. That concludes my presentation, and i would be happy to answer any questions. Thank you very much for your presentation, colleagues do we have questions at this point in time . Comments. Okay, we dont have a budget analyst report. As you know. Thank you for being here, we will hear all three Department Budgets and then take Public Comment thank you very much. Thank you very much. Up next i believe i saw jay hulet here from our retirement system. We will get started. Good morning, members of the committee. We will have co ....

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SFGTV May 23, 2014

Thank you for being here, we will hear all three Department Budgets and then take Public Comment thank you very much. Thank you very much. Up next i believe i saw jay hulet here from our retirement system. We will get started. Good morning, members of the committee. We will have copies for the staff, they are being made right now. Hopefully you have a hard copy of my presentation. I am the executive director of the San Francisco Employee Retirement system. Our mission is dedicating to securing the trust assets and managing the programs and providing promise benefits. The next page shows the number of current plans, for active employees, its 14. Most of you are aware that over the last three to four years there is a lot of pension reform to the voters. Of the ....

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SFGTV May 18, 2014

Sfgtv for taping this meeting. Clerk, any announcements . Yes, chair, please silence all phones and submit documents to be submitted to the clerk, as today will appear on the may 33 meeting. Call item 1. Item 1, proposed budget and appropriation ordinance for selected departments as of may 1, 2014, fiscal yearending june 30, 2015 to june 30, 2016. Item 2, proposed annual salary ordinance for selected departments for yearending june 30, 2015 and june 30, 2016. Item 3, hearing for mayors proposed budget for selected departments, for fiscal year 20142015, and 20152016. Thank you very much, we have a continuing number of city departments coming before us, three departments, Child Support services, retirement system and municipal transportation agency, with that we will start with Child Support services. Good morning chair farrell and members of the committee, i am carol roy, head o ....

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SFGTV May 19, 2014

Do more to assist all parents in their effort to overcome barriers and to successfully compete in jobs. We understand that this requires a concerted effort and Child Support must be a part of that effort. We can and must do three things, continue to grow partnerships with other service providers, continue to grow and enhance Case Management to barriers that reflect our client demographics, and continue to develop realistic orders that are reliable and make sense for both parents. We have created initiatives to confront the challenges these parents face. In my experience a good budget offers Practical Solutions to the problem of its time. And Practical Solutions work. We have made meaningful progress, we have proven to our colleagues, our
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SFGTV May 23, 2014

And the actuary value is 16. 3. Again we dont have to make, we are investing more money than the actuary assumes we have and make it easy to meet the target of 7. 5. And we are making 14. 5 through the end of april. Not predicting a dive in the market, that will continue to compound itself. What happens once we invest more than the actuary assumes and hopefully make the gap larger, and that we are meeting the required return assumption, b bah because we are able to invest more than the actuary. And they measure the assumptions and grow the trust based on 7. 75 as it was in the 200809. Can you remind me what we obligated as the city to fund, dont we have a requirement . Yes, there is a required per contribution that is currently 28 , and however with the cost sharing where the active employees based on their salary level have an additional contribution, the net number is 23 or 24. Is there a funding level market or actuaryial that we hold . The charter doesnt require that there be 100 f ....

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