San Francisco
Menu

Retirement Board · Feb 11, 2026

Wednesday1 h 59 min4 officials identified0 public speakers16 agenda itemsVideo: SFGovTV

The longest item after routine business: Discussion on Potential Funding Method Change, 38 min of this 1 h 59 min meeting.

  • Nov 251
  • Jan 261
  • Feb 261
  • Mar 261
  • May 261
  • Jul 261
  • Sep 261
  • Oct 261
7 of 8 meetings transcribed, Oct 24, 2025 to Oct 23, 2026.This meeting: Feb 11, 2026
0:00:001:59:00

Click any time stamp on this page to jump the video there.

Agenda · 16 itemsShowHide
  1. 2:32General Public Commentunder 1 min · General public comment
  2. 3:11Minutes of the January 14, 2026 Retirement Board Meetingunder 1 min · Routine business
  3. 4:09Consent Calendarunder 1 min · Routine business
  4. 5:04San Francisco Deferred Compensation Plan Quarterly Report - Q4 '2517 min
  5. 22:14Investment Committee Report1 min · Routine business
  6. 23:30Proxy Voting and Guidelines - 20263 min
  7. 27:13Proxy Voting Report for Calendar Year 202510 min
  8. 37:50Operations Oversight Committee Report5 min · Routine business
  9. 43:10Approval of SFERS Annual Budget21 min · Budget and spending · 1 clip
  10. 1:04:11Basic COLA1 min · City workforce and labor
  11. 1:06:02Credited Interest Rate1 min
  12. 1:07:30Discussion on Potential Funding Method Change38 min · Budget and spending
  13. 1:45:56Item title withheldit could name a private person · 2 min · Routine business
  14. 1:47:59CEO Report & CIO Report10 min · Routine business
  15. 1:58:18Retirement Board Member Good of the Orderunder 1 min · Routine business
  16. 1:59:12AdjournmentRoutine business

What happened

Each sentence checked against the transcript.

  1. The board took up item 6, the San Francisco Deferred Compensation Plan Quarterly Report for Quarter 4, 2025, presented by the plan’s program manager.5:01
  2. Item 8, proxy voting and guidelines for 2026, was taken up as an action item, with staff proposing 3 policy updates to the guidelines.23:29
  3. The motion was announced as made and seconded to approve the updated proxy voting guidelines for 2026, and the result was announced as “Passes unanimously.”26:36
  4. A motion was announced to approve the proposed department budget for fiscal year ‘26-’27 and ‘27-’28, and the result was announced as “Passes unanimously.”1:03:30
  5. A motion was announced to approve the 2% basic COLA effective July 1st, 2026, and the result was announced as “Passes unanimously.”1:05:25
  6. A motion was announced to approve the plan’s current credited interest rate of 4% effective July 1st, and the result was announced as “Passes unanimously.”1:07:11

Quotes

Officials only, in order.

Do we have the ability to hire a technology consultant to make sure we’re making the right decisions that is experienced in retirement systems and the like?Scott Heldfond · Commissioner56:03

Who spoke

4 officials identified · talk time, most first.

Public comment: 0 speakers.

How we count

Each summary sentence is checked against the transcript before it is published; in a blind check, 99 of 100 sentences were right. A voice gets an official’s name only when two AI readers and a code check agree, so the minutes undercount and are not attendance. Officials only: members of the public are counted, never named, shown or quoted, and full transcripts aren’t published because they can carry their names. More on how we know

Cite this page

Hamlet, “Retirement Board, Feb 11, 2026: San Francisco.” https://cities.myhamlet.com/sf/retirement/meetings/2026-02-11. Data as of Oct 9, 2026 (version d14b03c); meeting of Feb 11, 2026.