Retirement system asks committee to reserve funds pending DHR classification review
The San Francisco Employees' Retirement System requested committee approval to add investment positions and upgrade senior investment officer compensation, noting recruitment losses; the budget analyst recommended reserving funds until the Department of Human Resources completes classification vetting; the committee agreed to revisit the matter next week.
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Claire Murphy, executive director of the San Francisco Employees' Retirement System, asked the Budget & Finance Committee to approve recommendations from a consultant and the retirement board to add investment staff and raise compensation for senior investment officers and a security analyst to be competitive with other public pension plans.
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