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Rules Committee pauses charter change to let city, airport and FAA counsel clarify retirement funding for airport police
Summary
The Rules Committee continued a charter amendment that would let certain airport police elect to transfer service and benefits into the San Francisco Employees' Retirement System after members raised questions about funding, FAA constraints and a cost-neutrality exemption; the committee will consider two versions July 5.
The Rules Committee of the San Francisco Board of Supervisors paused action on a charter amendment that would let a small group of former airport police officers elect to transfer service credit from the California Public Employees' Retirement System (PERS) into the San Francisco Employees' Retirement System (SFERS).
Supervisor McGoldrick, sponsor of the measure, told the committee the amendment would allow officers who worked at the airport prior to 12/27/1997 to have all of their service computed under SFERS’ 3% at 55 formula. He described the change as "a very fair ... it's about time to do it," and estimated the affected population at roughly "27, 28 or so employees."
Committee members focused on two…
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