As a result of the passage of Proposition B on the June 2008 ballot, a Retiree Health Care Trust Fund (RHCTF) was established under City & County of San Francisco Charter (Charter): Appendix A8.432. The Fund is to be used to pay for the City’s contribution to the health care premiums of its retirees and their survivors. The fund is built through a 2% of salary contribution from City and County of San Francisco employees hired after January 9, 2009 which is matched by a 1% contribution from the City. Beginning in July 2016, employees hired prior to January 9, 2009 will also contribute a share of their salary to the fund with an equal matching contribution from the City, starting at 0.25% of salary each (employee and City) in Fiscal Year 2015-16, and rising by 0.25% of salary each fiscal year until it reaches 1% of salary each in Fiscal Year 2018-19. No withdrawals from the Fund other than for reasonable administrative expenses are allowed prior to January 2020.
RHCTF Election Results Have Been Certified By The Department Of Elections:
David C. Salem was elected to serve another term on the Retiree Health Care Trust Fund Board as its Active Employee Trustee. Commissioner Salem will serve a 5-year term ending on June 11, 2024.
Ed F. Walsh, Jr. ran unopposed and was declared to be the Retiree Health Care Trust Fund Board’s Retired Employee Trustee. Commissioner Walsh will serve a 5-year term ending on June 11, 2024.