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Panel advances charter amendment that would shift retirement-board appointment powers amid divestment debate
Summary
Supervisor Peskin asked the committee to forward a charter amendment that would change the composition/appointing authority of the San Francisco Employees' Retirement System to allow the city attorney an appointment; the sponsor framed the change as a backstop related to an upcoming vote on fossil-fuel divestment.
Supervisor Peskin presented Item 5, a charter amendment proposing to reduce mayoral appointees to the retirement board from three to two and give the city attorney an appointing role (subject to Board approval and hearings), plus expanded investment-disclosure requirements. Peskin framed the amendment in the context of fossil-fuel divestment and…
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