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Retirement Board approves proxy‑voting guidelines, department budget, 2% COLA and keeps 4% credited interest
Summary
At its Feb. 11 meeting the San Francisco Retirement Board unanimously approved updated proxy voting guidelines, the department budget for FY 2026–27, a 2% basic cost‑of‑living adjustment for qualified retirees effective July 1, 2026, and maintained the plan's 4% credited interest rate for 2026–27.
The San Francisco Retirement Board on Feb. 11 approved a package of routine but consequential items including updated proxy‑voting guidelines, the department's annual budget and benefit‑related rates.
Director Collins presented three recommended updates to the system’s proxy voting guidelines, saying staff would “generally vote against” governance committee members who adopt mandatory…
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