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Committee forwards retirement-transfer drafts for airport police; liability cap discussed
Summary
Supervisor McGoldrick presented draft charter amendments to allow transfer of certain airport police assets and liabilities to the San Francisco Employees' Retirement System and to include airport police service time for retirement calculations. The committee forwarded the items and identified an actuarial cap of $670,000 as a potential limit; sponsors said final language will be refined at the full Board.
The San Francisco Rules Committee forwarded two charter amendment drafts that would authorize the Board of Supervisors to amend contracts with the Public Employees' Retirement System to transfer assets and liabilities of certain airport police officers to the San Francisco Employees' Retirement System, and would include time worked as an airport police officer when calculating retirement benefits for police…
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