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"Truth & Fiction" SFERS Board Member Herb Meiberger Exposes IFPTE 21 Muscat Hit Video
IFPTE Local 21 Executive Director Bob Muscat has put out a hit video slandering SF Employee Retirement System Board Member Herb Meiberber. Muscat is in a cabal with the SF Police Officers Association SFPOA, the city bosses union Management Employees Association MEA and the hedge fund operators to turn the pension fund over to speculators and hedge fund operators who will milk the public worker pension funds for massive profits.
"Truth And Fiction" SFERS Board Member Herb Meiberger Exposes IFPTE 21Muscat Hit Video On His Record
The IFPTE Local 21 run by executive director Bob Muscat has produced a hit video attacking Herb Meiberger who is a board member of the San Francisco Employees Retirement System SFERS. Meiberger has opposed more of the city employee pension funds being invested in speculative hedge funds. Meiberger explains what is really going on with the "charges" against him by Bob Muscat. Both The IFPTE Local 21 leadership, the Police Officers Association POA and the Management Employees Association MEA have pushed for more hedge fund investments and now want to remove the only non-fire and police representative on the pension board representing all San Francisco city employees. They and the POA also tried to bully Meiberger to drop out of the race. Muscat, the MEA and the SFPOA also supported taking away the COLA that city workers have won for their pensions in a so called "reform pension" initiative that particularly hurt low paid CCSF workers which actually cut their pay by cost shifting the costs of the pension and healthcare on their backs. The same crew supports Wells Fargo bank which stole homes from SF City workers and has a racist discrimination record. These same unions heads are now spending hundreds of thousands of dollars to remove Meiberger from the board and this could include money from hedge fund operators who would benefit from kicking Meiberger off the board. This presentation was made to City and County workers on December 16, 2016.
For more information on Herb Meiberger go to
http://herbmeiberger.com
http://1021.seiu.org/page/-/ReElectHerbMeiberger-SFERSBoard.pdf
Additional media:
http://www.stoplhhdownsize.com/What_Price_for_a_Seat_at_the_Retirement_Board_Table.pdf
http://www.ibtimes.com/san-francisco-hedge-fund-proposal-raises-conflict-interest-questions-1700230
http://www.pionline.com/article/20140609/PRINT/306099987/buffetts-suggestion-to-pension-fund-trustee-dont-invest-in-hedge-funds
https://www.indybay.org/newsitems/2016/12/02/18794329.php
http://www.wsj.com/articles/teachers-union-and-hedge-funds-war-over-pension-billions-1467125055
http://blog.sfgate.com/cityinsider/2014/12/15/financial-questions-dog-former-sf-first-lady-wendy-paskin-jordan/
http://code.socialdashboard.com/news/investment-by-san-francisco-pension-official-raises-questions-about-favors
https://www.youtube.com/watch?v=bjznPAFcCNE&feature=youtu.be
http://youtu.be/dCz5eMvYPBA
https://www.youtube.com/watch?v=Exbl3wwBx9Y
https://www.youtube.com/watch?v=p6VTO4UHrjk
https://soundcloud.com/workweek-radio/ww12-23-14-sf-public-pensions-with-david-sirota-ca-dir-secret-confernce
http://www.sfchronicle.com/bayarea/article/Ties-questioned-for-financial-adviser-and-former-5959036.php
http://www.aft.org/sites/default/files/allthatglittersisnotgold2015.pdf
http://www.sfexaminer.com/police-watchdog-officer-wrongly-arrested-deputy-public-defender-courthouse/
Production of Labor Video Project
http://www.laborvideo.org
Is SFERS Board Member Driscoll Falsifying The State of the SFERS Pension Fund For Political Purposes?
Did the Fund lost $1.5 million last year? Did the Fund lose $2 billion over the last two years?
Your fund is doing “amazingly well”!
. At the 12-14-2016 Retirement Board meeting, SFERS’ General Consultant, Allan Martin from NEPC, reported that the Fund’s returns for FY2016, FY2015, and FY2014 were 1.29%, 3.87%, and 18.90%, respectively. Allan Martin stated that the Fund did “amazingly well.” SFERS ranked 16th, 16th, and 3rd, respectively, for the last three fiscal years compared to 50 public pension funds with assets greater than $1 billion.
. Staff and consultant stated that the portfolio was valued at $20.4 billion on 6-30-2015 and $20.2 billion on 6-30-2016. Since the Fund had a positive rate of return, the $200 million decline in asset value was due to benefit payments.
. For the 3-year period ended 9-30-2016, the Fund earned 7.20% per year, placing SFERS as the third best performing fund in the universe of 50 public pension funds. No public funds earned returns greater than 7.50%, which is SFERS’s long-term return assumption.
. NEPC stated: “For the year ending 9-30-2016, the Fund experienced a net investment gain of $1.89 billion, which includes a net investment gain of $764.5 million during the third quarter.” Further, “Assets increased to $20.96 billion from $19.72 billion in the year ended 9-30-16, with $639.79 million in net distributions.”
SFERS’s Chief Investment Officer (CIO), Bill Coaker, verified to the full Board that the fund had not declined by $1.5 billion for the year, as stated by MEA (Municipal Executives Association) in an email that was broadly circulated. Separately, Executive Director Huish stated that he would correct this misinformation that was shared with thousands of City employees.
. For the full discussion, please view Item 8 on the official videotape of the meeting at http://sanfrancisco.granicus.com/MediaPlayer.php?view_id=175&clip_id=26782
Did Meiberger “block” an investment that made $37 million?
Everyone, especially fiduciaries, must be concerned about whether the illiquid high-risk, high-return Chinese “A Shares” investments are appropriate for your pension fund. Meiberger did his homework and is ahead of the curve.
. In March 2014, Investment Committee Chairman Meiberger hosted an education session on acquiring the “QFII" allocation (Qualified Foreign Institutional Investor) to own the Chinese shares directly. The Chinese stock market has had substantial returns over the last three years.
. In June 2016, Meiberger voiced his concerns about staff’s $400 million recommendation because 1) He was concerned about the issue of whether SFERS would own the shares, and 2) He didn’t want to be captive to the money manager who would be the beneficial owner of the shares. Leona Bridges, Chairwoman of the Investment Committee, also voted no, and there was a 3-3 tie.
. Subsequently, Meiberger did his due diligence and went to China where he met the managers and discussed the investment with other pension funds and key players. On October 2016, the Board voted unanimously in favor of the investment. I don’t believe four days is enough time to make an educated decision on this risky and complex investment. This is the kind of representation and dedication Meiberger provides for you.
It appears that Commissioner Joe Driscoll may have instigated the smear campaign against Meiberger, as he signed off on the “loss of confidence” propaganda, and solicited opponents in Meiberger’s last two elections. If Driscoll is the source of this disinformation that the Pension Fund lost $1.5 billion last year that was fed to Casciato and Casciato’s surrogates, Driscoll may have violated the Charted Financial Analyst’s (CFA) Code of Ethics, since it would be “material misrepresentation” prohibited by the CFA’s ethics guidelines. Is this the “team” that Casciato will join as a “team player?” If you can’t support false truths and ethics violations then you must vote for Herb Meiberger!
YOUR PENSION FUND IS THRIVING!
Re-elect Herb Meiberger, CFA.
SF Police watchdog: SFPOA officer And SFERS Board Member wrongly arrested deputy public defender in courthouse
http://www.sfexaminer.com/police-watchdog-officer-wrongly-arrested-deputy-public-defender-courthouse/
Deputy Public Defender Jami Tillotson, right, was arrested by Sgt. Brian Stansbury in the Hall of Justice in January 2015. (Courtesy photo)
By Jonah Owen Lamb on March 11, 2016 11:08 am
A deputy public defender was wrongly arrested by a San Francisco police officer when she tried to stop the officer from talking to her client in the Hall of Justice last year, the Police Department’s watchdog agency has determined.
But Deputy Public Defender Jami Tillotson is discouraged by the conclusion of the investigation into her arrest. She said that while the video clearly shows the officer was in the wrong when he handcuffed her, the findings seem to indicate there will be little to no accountability.
“If you give a citizen of San Francisco a black eye, you should be held accountable for that,” she said. “I’d like to see [the officer] at a desk job. I don’t think he has a good idea of the boundaries of his authority.”
The finding comes from the Office of Citizen Complaints, which investigated the January 2015 incident and issued their findings in December. The incident was caught on video.
Those case details were made public Friday by the complainant, and include findings that the officer made an arrest without cause, and that his detaining of a person without justification for a prolonged period was unwarranted.
Other allegations in the complaint were not sustained, but the OCC recommended that the department change its policies regarding interfering with a lawyer’s right to counsel their client and making inappropriate comments to the media.
The department could not say whether Chief Greg Suhr has made a ruling on the case. In sustained cases, the chief has the discretion to punish any officer for up to a 10-day suspension. Any punishment above that must go before the Police Commission.
Tillotson used to tell her clients that they should all file complaints with the OCC, despite many saying it was pointless. Now she agrees.
“I had more confidence in [the OCC] despite the fact that my clients were telling me it was a waste of time,” she said.
Tillotson was arrested Jan. 27, 2015, and booked on a misdemeanor resisting arrest charge for refusing to let a client of hers be questioned by a police investigator who was also trying to take pictures of the client.
The arresting officer, Sgt. Brian Stansbury, was questioning the man in connection with a separate criminal investigation.
Tillotson’s client was in court that day while she was in another courtroom for a case, when she heard that an officer was questioning her client in the hallway.
She walked into the hall and told her client he did not have to answer Stansbury’s questions, and tried to stop the officer from taking photographs. Stansbury objected and ultimately arrested her for resisting arrest and obstructing his investigation.
Since her arrest, the charges have been dropped and Suhr apologized for any distress the incident caused her, but has also insisted Stansbury had a reasonable suspicion to take the photos.
“I think this incident raises questions. Do the police have a practice of photographing people in courtrooms?” Alan Schlosser, the ACLU’s legal director for Northern California, previously said about the arrest of Tillotson.
original image (900x599)
For more event information:
https://www.youtube.com/watch?v=oTpKYF5KqBA
Added to the calendar on Sunday Dec 18th, 2016 12:51 PM
Import this event into your personal calendar.
§IFPTE Local 21 Bob Muscat Joined With POA & SF Mayor Ed Lee to Push Anti-Labor Proposition
by United Public Workers For Action Sunday Dec 18th, 2016 12:51 PM
original image (960x640)
IFPTE Local 21 Executive Director Bob Muscat has said that he thinks that the COLA that SF city workers have won is "indefensible". He has pushed give back initiatives attacking city worker pensions and healthcare benefits and also attacked SF TWU 250 A drivers for voting down concessions pushed by former mayor Gavin Newsom. Muscat while attacking the pensions of city workers is making hundred of thousands of dollars from his position at the IFPTE Local 21. He follows the footsteps of Andy Stern who he used to work for at the SEIU.
https://www.youtube.com/watch?v=oTpKYF5KqBA
§Hedge Fund Speculator Wendy Paskin-Jordan Appointed To The SFERS By Mayor Ed Lee
by United Public Workers For Action Sunday Dec 18th, 2016 12:51 PM
original image (2048x1536)
Corrupt mayor Ed Lee re-appointed hedge fund speculator Wendy Paskin-Jordan to the San Francisco Employees Retirement Board and has used her position to get special deals with speculators for being on the board and pushing more pension money into hedge funds. She has had recuse herself on some votes because of flagrant conflicts of interest and she is supported by IFPFE Local 21 Muscat, the SFPOA and the MEA who want to turn the fund over to speculators and hedge fund operators so their friends can get kickbacks.
https://www.youtube.com/watch?v=oTpKYF5KqBA
The IFPTE Local 21 run by executive director Bob Muscat has produced a hit video attacking Herb Meiberger who is a board member of the San Francisco Employees Retirement System SFERS. Meiberger has opposed more of the city employee pension funds being invested in speculative hedge funds. Meiberger explains what is really going on with the "charges" against him by Bob Muscat. Both The IFPTE Local 21 leadership, the Police Officers Association POA and the Management Employees Association MEA have pushed for more hedge fund investments and now want to remove the only non-fire and police representative on the pension board representing all San Francisco city employees. They and the POA also tried to bully Meiberger to drop out of the race. Muscat, the MEA and the SFPOA also supported taking away the COLA that city workers have won for their pensions in a so called "reform pension" initiative that particularly hurt low paid CCSF workers which actually cut their pay by cost shifting the costs of the pension and healthcare on their backs. The same crew supports Wells Fargo bank which stole homes from SF City workers and has a racist discrimination record. These same unions heads are now spending hundreds of thousands of dollars to remove Meiberger from the board and this could include money from hedge fund operators who would benefit from kicking Meiberger off the board. This presentation was made to City and County workers on December 16, 2016.
For more information on Herb Meiberger go to
http://herbmeiberger.com
http://1021.seiu.org/page/-/ReElectHerbMeiberger-SFERSBoard.pdf
Additional media:
http://www.stoplhhdownsize.com/What_Price_for_a_Seat_at_the_Retirement_Board_Table.pdf
http://www.ibtimes.com/san-francisco-hedge-fund-proposal-raises-conflict-interest-questions-1700230
http://www.pionline.com/article/20140609/PRINT/306099987/buffetts-suggestion-to-pension-fund-trustee-dont-invest-in-hedge-funds
https://www.indybay.org/newsitems/2016/12/02/18794329.php
http://www.wsj.com/articles/teachers-union-and-hedge-funds-war-over-pension-billions-1467125055
http://blog.sfgate.com/cityinsider/2014/12/15/financial-questions-dog-former-sf-first-lady-wendy-paskin-jordan/
http://code.socialdashboard.com/news/investment-by-san-francisco-pension-official-raises-questions-about-favors
https://www.youtube.com/watch?v=bjznPAFcCNE&feature=youtu.be
http://youtu.be/dCz5eMvYPBA
https://www.youtube.com/watch?v=Exbl3wwBx9Y
https://www.youtube.com/watch?v=p6VTO4UHrjk
https://soundcloud.com/workweek-radio/ww12-23-14-sf-public-pensions-with-david-sirota-ca-dir-secret-confernce
http://www.sfchronicle.com/bayarea/article/Ties-questioned-for-financial-adviser-and-former-5959036.php
http://www.aft.org/sites/default/files/allthatglittersisnotgold2015.pdf
http://www.sfexaminer.com/police-watchdog-officer-wrongly-arrested-deputy-public-defender-courthouse/
Production of Labor Video Project
http://www.laborvideo.org
Is SFERS Board Member Driscoll Falsifying The State of the SFERS Pension Fund For Political Purposes?
Did the Fund lost $1.5 million last year? Did the Fund lose $2 billion over the last two years?
Your fund is doing “amazingly well”!
. At the 12-14-2016 Retirement Board meeting, SFERS’ General Consultant, Allan Martin from NEPC, reported that the Fund’s returns for FY2016, FY2015, and FY2014 were 1.29%, 3.87%, and 18.90%, respectively. Allan Martin stated that the Fund did “amazingly well.” SFERS ranked 16th, 16th, and 3rd, respectively, for the last three fiscal years compared to 50 public pension funds with assets greater than $1 billion.
. Staff and consultant stated that the portfolio was valued at $20.4 billion on 6-30-2015 and $20.2 billion on 6-30-2016. Since the Fund had a positive rate of return, the $200 million decline in asset value was due to benefit payments.
. For the 3-year period ended 9-30-2016, the Fund earned 7.20% per year, placing SFERS as the third best performing fund in the universe of 50 public pension funds. No public funds earned returns greater than 7.50%, which is SFERS’s long-term return assumption.
. NEPC stated: “For the year ending 9-30-2016, the Fund experienced a net investment gain of $1.89 billion, which includes a net investment gain of $764.5 million during the third quarter.” Further, “Assets increased to $20.96 billion from $19.72 billion in the year ended 9-30-16, with $639.79 million in net distributions.”
SFERS’s Chief Investment Officer (CIO), Bill Coaker, verified to the full Board that the fund had not declined by $1.5 billion for the year, as stated by MEA (Municipal Executives Association) in an email that was broadly circulated. Separately, Executive Director Huish stated that he would correct this misinformation that was shared with thousands of City employees.
. For the full discussion, please view Item 8 on the official videotape of the meeting at http://sanfrancisco.granicus.com/MediaPlayer.php?view_id=175&clip_id=26782
Did Meiberger “block” an investment that made $37 million?
Everyone, especially fiduciaries, must be concerned about whether the illiquid high-risk, high-return Chinese “A Shares” investments are appropriate for your pension fund. Meiberger did his homework and is ahead of the curve.
. In March 2014, Investment Committee Chairman Meiberger hosted an education session on acquiring the “QFII" allocation (Qualified Foreign Institutional Investor) to own the Chinese shares directly. The Chinese stock market has had substantial returns over the last three years.
. In June 2016, Meiberger voiced his concerns about staff’s $400 million recommendation because 1) He was concerned about the issue of whether SFERS would own the shares, and 2) He didn’t want to be captive to the money manager who would be the beneficial owner of the shares. Leona Bridges, Chairwoman of the Investment Committee, also voted no, and there was a 3-3 tie.
. Subsequently, Meiberger did his due diligence and went to China where he met the managers and discussed the investment with other pension funds and key players. On October 2016, the Board voted unanimously in favor of the investment. I don’t believe four days is enough time to make an educated decision on this risky and complex investment. This is the kind of representation and dedication Meiberger provides for you.
It appears that Commissioner Joe Driscoll may have instigated the smear campaign against Meiberger, as he signed off on the “loss of confidence” propaganda, and solicited opponents in Meiberger’s last two elections. If Driscoll is the source of this disinformation that the Pension Fund lost $1.5 billion last year that was fed to Casciato and Casciato’s surrogates, Driscoll may have violated the Charted Financial Analyst’s (CFA) Code of Ethics, since it would be “material misrepresentation” prohibited by the CFA’s ethics guidelines. Is this the “team” that Casciato will join as a “team player?” If you can’t support false truths and ethics violations then you must vote for Herb Meiberger!
YOUR PENSION FUND IS THRIVING!
Re-elect Herb Meiberger, CFA.
SF Police watchdog: SFPOA officer And SFERS Board Member wrongly arrested deputy public defender in courthouse
http://www.sfexaminer.com/police-watchdog-officer-wrongly-arrested-deputy-public-defender-courthouse/
Deputy Public Defender Jami Tillotson, right, was arrested by Sgt. Brian Stansbury in the Hall of Justice in January 2015. (Courtesy photo)
By Jonah Owen Lamb on March 11, 2016 11:08 am
A deputy public defender was wrongly arrested by a San Francisco police officer when she tried to stop the officer from talking to her client in the Hall of Justice last year, the Police Department’s watchdog agency has determined.
But Deputy Public Defender Jami Tillotson is discouraged by the conclusion of the investigation into her arrest. She said that while the video clearly shows the officer was in the wrong when he handcuffed her, the findings seem to indicate there will be little to no accountability.
“If you give a citizen of San Francisco a black eye, you should be held accountable for that,” she said. “I’d like to see [the officer] at a desk job. I don’t think he has a good idea of the boundaries of his authority.”
The finding comes from the Office of Citizen Complaints, which investigated the January 2015 incident and issued their findings in December. The incident was caught on video.
Those case details were made public Friday by the complainant, and include findings that the officer made an arrest without cause, and that his detaining of a person without justification for a prolonged period was unwarranted.
Other allegations in the complaint were not sustained, but the OCC recommended that the department change its policies regarding interfering with a lawyer’s right to counsel their client and making inappropriate comments to the media.
The department could not say whether Chief Greg Suhr has made a ruling on the case. In sustained cases, the chief has the discretion to punish any officer for up to a 10-day suspension. Any punishment above that must go before the Police Commission.
Tillotson used to tell her clients that they should all file complaints with the OCC, despite many saying it was pointless. Now she agrees.
“I had more confidence in [the OCC] despite the fact that my clients were telling me it was a waste of time,” she said.
Tillotson was arrested Jan. 27, 2015, and booked on a misdemeanor resisting arrest charge for refusing to let a client of hers be questioned by a police investigator who was also trying to take pictures of the client.
The arresting officer, Sgt. Brian Stansbury, was questioning the man in connection with a separate criminal investigation.
Tillotson’s client was in court that day while she was in another courtroom for a case, when she heard that an officer was questioning her client in the hallway.
She walked into the hall and told her client he did not have to answer Stansbury’s questions, and tried to stop the officer from taking photographs. Stansbury objected and ultimately arrested her for resisting arrest and obstructing his investigation.
Since her arrest, the charges have been dropped and Suhr apologized for any distress the incident caused her, but has also insisted Stansbury had a reasonable suspicion to take the photos.
“I think this incident raises questions. Do the police have a practice of photographing people in courtrooms?” Alan Schlosser, the ACLU’s legal director for Northern California, previously said about the arrest of Tillotson.
original image (900x599)
For more event information:
https://www.youtube.com/watch?v=oTpKYF5KqBA
Added to the calendar on Sunday Dec 18th, 2016 12:51 PM
Import this event into your personal calendar.
§IFPTE Local 21 Bob Muscat Joined With POA & SF Mayor Ed Lee to Push Anti-Labor Proposition
by United Public Workers For Action Sunday Dec 18th, 2016 12:51 PM
original image (960x640)
IFPTE Local 21 Executive Director Bob Muscat has said that he thinks that the COLA that SF city workers have won is "indefensible". He has pushed give back initiatives attacking city worker pensions and healthcare benefits and also attacked SF TWU 250 A drivers for voting down concessions pushed by former mayor Gavin Newsom. Muscat while attacking the pensions of city workers is making hundred of thousands of dollars from his position at the IFPTE Local 21. He follows the footsteps of Andy Stern who he used to work for at the SEIU.
https://www.youtube.com/watch?v=oTpKYF5KqBA
§Hedge Fund Speculator Wendy Paskin-Jordan Appointed To The SFERS By Mayor Ed Lee
by United Public Workers For Action Sunday Dec 18th, 2016 12:51 PM
original image (2048x1536)
Corrupt mayor Ed Lee re-appointed hedge fund speculator Wendy Paskin-Jordan to the San Francisco Employees Retirement Board and has used her position to get special deals with speculators for being on the board and pushing more pension money into hedge funds. She has had recuse herself on some votes because of flagrant conflicts of interest and she is supported by IFPFE Local 21 Muscat, the SFPOA and the MEA who want to turn the fund over to speculators and hedge fund operators so their friends can get kickbacks.
https://www.youtube.com/watch?v=oTpKYF5KqBA
For more information:
https://www.youtube.com/watch?v=oTpKYF5KqBA
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How Our Union IFPTE Local 21 "Snookered" Rank and File And Retirees: Lois Scott Past Pres IFPTE21 On SF City "Consensus" Deal
https://www.youtube.com/watch?v=IsEu4YlMnQI
Lois Scott, the past president of IFPTE Local 21 spoke at a forum on 9/6/2011
on the "consensus" concession deal being supported by the leadership of
the San Francisco Labor Council, the Public Employees and IFPTE Local 21 chair Bob Muscat.
For more video go to:
Affect Of Prop C On SF Active City Workers By SEIU1021 Member Kathy Helton
http://www.youtube.com/watch?v=OChJC6...
"If You Are Over 30 Hit The Road" Sylvia Alvarez-Lynch On SF City Workers
http://www.youtube.com/watch?v=XpqWdn...
Bea Cardenas-Duncan On The Attack On SF City Retirees
http://www.youtube.com/watch?v=1YwRsE...
Patrick Monette-Shaw On The Real Facts Around SF Pension "Reform"
http://www.youtube.com/watch?v=oWYQ9M...
Pension "Reform" 101 and SEIU 1021 SF "Consensus" Deal with Kay Walker
http://www.youtube.com/watch?v=ZBP5I1...
TWU250A SF Muni MTA Operator Dorian Maxwell On Concessions, Prop C & Union Tops
http://www.youtube.com/watch?v=hyrgzW...
The forum was sponsored by
United Public Workers For Action http://www.upwa.info
https://www.youtube.com/watch?v=IsEu4YlMnQI
Lois Scott, the past president of IFPTE Local 21 spoke at a forum on 9/6/2011
on the "consensus" concession deal being supported by the leadership of
the San Francisco Labor Council, the Public Employees and IFPTE Local 21 chair Bob Muscat.
For more video go to:
Affect Of Prop C On SF Active City Workers By SEIU1021 Member Kathy Helton
http://www.youtube.com/watch?v=OChJC6...
"If You Are Over 30 Hit The Road" Sylvia Alvarez-Lynch On SF City Workers
http://www.youtube.com/watch?v=XpqWdn...
Bea Cardenas-Duncan On The Attack On SF City Retirees
http://www.youtube.com/watch?v=1YwRsE...
Patrick Monette-Shaw On The Real Facts Around SF Pension "Reform"
http://www.youtube.com/watch?v=oWYQ9M...
Pension "Reform" 101 and SEIU 1021 SF "Consensus" Deal with Kay Walker
http://www.youtube.com/watch?v=ZBP5I1...
TWU250A SF Muni MTA Operator Dorian Maxwell On Concessions, Prop C & Union Tops
http://www.youtube.com/watch?v=hyrgzW...
The forum was sponsored by
United Public Workers For Action http://www.upwa.info
For more information:
https://www.youtube.com/watch?v=IsEu4YlMnQI6
Retirement Board Election: The Wolves vs The Watchdog-Election Is About Hedge Funds
San Francisco Employee Retirement System SFERS Board member and candidate Herb Meiberger talks about the scheme to seize the pension fund by the San Francisco POA leadership to push it to invest into highly speculative hedge funds.
They are seeking to control the pension funds by packing the board with uniformed members of the City and County of San Francisco and some of their present members like SFPOA Sgt. Brian Stansbury has engaged in illegally targeting African Americans including a San Francisco police officer who is also Black. He is being sued for discrimination. He was also involved in arresting a San Francisco public defender for protecting her African American clients at the Hall of Justice during their appearance.
San Francisco Employee Retirement System SFERS Board member and candidate Herb Meiberger talks about the scheme to seize the pension fund by the San Francisco POA leadership to push it to invest into highly speculative hedge funds.
They are seeking to control the pension funds by packing the board with uniformed members of the City and County of San Francisco and some of their present members like SFPOA Sgt. Brian Stansbury has engaged in illegally targeting African Americans including a San Francisco police officer who is also Black. He is being sued for discrimination. He was also involved in arresting a San Francisco public defender for protecting her African American clients at the Hall of Justice during their appearance.
For more information:
https://www.youtube.com/watch?v=UrBHByG4jt...
Open Letter to Al Casciato: Our Retirement Board Isn’t For Sale!
http://westsideobserver.com/news/patrick.html
WHAT PRICE FOR A SEAT AT THE TABLE?
By Patrick Monette-Shaw
When a distinct group of people includes a subgroup consisting of 85% of the main group, shouldn’t the subgroup deserve fair, balanced representation — and a seat at the table? Why should this be any different for City employee retirees?
How much does it cost to buy a seat at the table on SF’s various Boards and Commissions? Consider the Employees’ Retirement System’s (SFERS) Board.
That Herb asks detailed, tough questions of SFERS’ investment staff and consultants about proposed investments shows he’s doing a great job at “due diligence” as a fiduciary to protect our Pension Fund’s investments. That doesn’t make him “disruptive,” as you allege.”
By reports, retired police captain Croce “Al” Casciato has bragged that the San Francisco Police Officer’s Association (POA) intends to donate $100,000 to elect him to SFERS’ Board. Al also reportedly bragged IFTPE Local 21 may contribute another $85,000 to his campaign, for a total of $185,000 to buy a seat that is essentially an unpaid position. Why?
Really, $185,000 for a seat at the table on our Pension Fund’s board? What’s in it for you Al, and what are your donors expecting in return? What’s in it for them?
An October 20 letter published in the POA’s November 2016 POA Journal, purportedly authored by 18 people affiliated with 13 labor unions, wrongly claims 24-year incumbent Herb Meiberger is suddenly unable to build strong working relationships with other SFERS Board members and SFERS’ staff. That claim is pure nonsense. Herb has served with distinction for 24 years collaboratively as a Board member.
Meiberger has watched the backs of Police and Fire retirees. Herb convinced five of the seven board members to sign a paid ballot argument in the Voter Guide to enhance safety officers’ retirement benefits in the 2002 San Francisco election.
Notably SFERS’ then-CommissionersJoe Driscoll (SFFD) and Al Casciato(SFPD) did not sign on to the 2002 ballot argument.
Shamefully, the October 20 letter included not one actual signature. Does anyone — other than the signatories — really believe that the 18 “co-signers” speak for all of the union members of each of the 13 labor organizations listed in the letter?
The claim Meiberger is unable to build strong working relationships is absurd. SFERS’ Commissioner Victor Makras (SFERS Board’s immediate past president) and Commissioner Leona Bridges (former Managing Director for Barclays Global Investors of SF) have endorsed Meiberger for re-election. If he was disruptive, why did Makras and Bridges, former SFERS Commissioner Peter Ashe, two charter members of Protect Our Benefits (POB), and five past presidents of IFTPE Local 21 all endorse Herb for re-election?
Al, your candidate statement in the Retired Employees newsletter wrongly asserts that “Our pension fund lost $1.5 billion last year.” That’s a Donald Trump-size lie! Audited reports presented during SFERS’ open meetings show our Pension Fund was valued at $20.4 billion on June 30, ’15. A preliminary valuation of our Fund as of June 30, ’16 estimates it was $19.9 billion, a loss of just $500 million, not the $1.5 billion loss you in your candidate statement.
Like most Plan members, I want a fiduciary who can report accurate data.
In fact, you supported creating DROP (Deferred Retirement Option Program) retirement enhancement for police officers in 2008, effectively allowing police officers to “double-dip” — collect both a City salary, and deposits into their retirement accounts simultaneously while still employed.
You subsequently enrolled in DROP, presumably before the program sunsetted on June 30, ’11. You retired in ’12.
The City Controller’s payroll database for Calendar Year 2012 shows you received $203,471 in “Other Pay” and you received $108,175 in “Regular Pay,” indicating “Total Pay” of $311,646 during the six months between January and June when you retired. Was that $203,471 in “Other Pay” from your double-dipping DROP account?
San Franciscans are indebted for your service as a police officer Al, not as a financial professional. We need someone with tangible, measurable financial skills. Meiberger holds two higher education degrees, one a B.A. in Mathematics and Chemistry and a second, M.B.A. in finance from the UC Berkeley. In addition, Herb earned the Chartered Financial Analyst (CFA) designation in 1987, which he has now held for 29 years. He’s a finance instructor at SF State, and taught CFA review courses.
Bloomberg.com reports that you are a graduate of SF State, but didn’t list the degree that you earned. Bloomberg also reported you attended the FBI National Academy, but again didn’t list any degree or certificate you earned from the FBI. Google books reports that you earned a B.A. in Urban Studies in 1978 from SF State.
As well, you served as a SFERS Board member for 17 years. Mr. Meiberger has a total of 24 years as a SFERS Board member, and worked as an SFERS employee for 20 years, managing our Pension Fund’s bond and private equity portfolios.
That Herb asks detailed, tough questions of SFERS’ investment staff and consultants about proposed investments shows he’s doing a great job at “due diligence” as a fiduciary to protect our Pension Fund’s investments. That doesn’t make him “disruptive,” as you allege.
As a Commissioner, you rarely asked any meaningful financial questions from staff or consultants, rubber-stamping recommendations put before you. Perhaps that’s why our Fund lost $70 million in the failed Currency Overlay Hedge Fund investment you supported, and we lost $100 million in the Stable Value Fund in the Deferred Comp. plan.
Meeting minutes show no record that you have attended any of 56 full Board meetings in the four years since you resigned from the Board.
When SFERS’ Board proposed investing $3 billion of our Pension Fund in risky hedge funds on February 11, ’15 — with Commissioner Meiberger being the only “No” vote — you were AWOL.
Do I sleep better at night knowing that your 43 years of service as a San Francisco cop was invaluable? Yes.
Do I sleep better at night wondering about your financial qualifications to manage our $21 billion Pension Fund? The answer to that question is “No.”
If you win, all three of the elected seats will be monopolized by “Public Safety” officers (Police and Fire), and effectively will have a four-member majority on the seven-member Board. This would exclude the 85% of Miscellaneous members having representation.
City employees and retirees: Who do you want managing your Pension Fund? A second cop on SFERS’ Board, or a dedicated, certified investment professional like Herb?
We’re not for sale, Al. Haven’t we earned — or do we not deserve — balanced representation?
The full version of this article will be posted on the Westside Observer’s web site and at http://www.stopLHHdownsize.com.
Monette-Shaw is a Westside Observer columnist, and a retired SF City employee. He received a James Madison Freedom of Information Award in the “Advocacy” category from the Society of Professional Journalists–Northern California Chapter in 2012. He’s a member of the California First Amendment Coalition (FAC) and the ACLU. He can be contacted at monette-shaw [at] westsideobserver.com.
http://westsideobserver.com/news/patrick.html
WHAT PRICE FOR A SEAT AT THE TABLE?
By Patrick Monette-Shaw
When a distinct group of people includes a subgroup consisting of 85% of the main group, shouldn’t the subgroup deserve fair, balanced representation — and a seat at the table? Why should this be any different for City employee retirees?
How much does it cost to buy a seat at the table on SF’s various Boards and Commissions? Consider the Employees’ Retirement System’s (SFERS) Board.
That Herb asks detailed, tough questions of SFERS’ investment staff and consultants about proposed investments shows he’s doing a great job at “due diligence” as a fiduciary to protect our Pension Fund’s investments. That doesn’t make him “disruptive,” as you allege.”
By reports, retired police captain Croce “Al” Casciato has bragged that the San Francisco Police Officer’s Association (POA) intends to donate $100,000 to elect him to SFERS’ Board. Al also reportedly bragged IFTPE Local 21 may contribute another $85,000 to his campaign, for a total of $185,000 to buy a seat that is essentially an unpaid position. Why?
Really, $185,000 for a seat at the table on our Pension Fund’s board? What’s in it for you Al, and what are your donors expecting in return? What’s in it for them?
An October 20 letter published in the POA’s November 2016 POA Journal, purportedly authored by 18 people affiliated with 13 labor unions, wrongly claims 24-year incumbent Herb Meiberger is suddenly unable to build strong working relationships with other SFERS Board members and SFERS’ staff. That claim is pure nonsense. Herb has served with distinction for 24 years collaboratively as a Board member.
Meiberger has watched the backs of Police and Fire retirees. Herb convinced five of the seven board members to sign a paid ballot argument in the Voter Guide to enhance safety officers’ retirement benefits in the 2002 San Francisco election.
Notably SFERS’ then-CommissionersJoe Driscoll (SFFD) and Al Casciato(SFPD) did not sign on to the 2002 ballot argument.
Shamefully, the October 20 letter included not one actual signature. Does anyone — other than the signatories — really believe that the 18 “co-signers” speak for all of the union members of each of the 13 labor organizations listed in the letter?
The claim Meiberger is unable to build strong working relationships is absurd. SFERS’ Commissioner Victor Makras (SFERS Board’s immediate past president) and Commissioner Leona Bridges (former Managing Director for Barclays Global Investors of SF) have endorsed Meiberger for re-election. If he was disruptive, why did Makras and Bridges, former SFERS Commissioner Peter Ashe, two charter members of Protect Our Benefits (POB), and five past presidents of IFTPE Local 21 all endorse Herb for re-election?
Al, your candidate statement in the Retired Employees newsletter wrongly asserts that “Our pension fund lost $1.5 billion last year.” That’s a Donald Trump-size lie! Audited reports presented during SFERS’ open meetings show our Pension Fund was valued at $20.4 billion on June 30, ’15. A preliminary valuation of our Fund as of June 30, ’16 estimates it was $19.9 billion, a loss of just $500 million, not the $1.5 billion loss you in your candidate statement.
Like most Plan members, I want a fiduciary who can report accurate data.
In fact, you supported creating DROP (Deferred Retirement Option Program) retirement enhancement for police officers in 2008, effectively allowing police officers to “double-dip” — collect both a City salary, and deposits into their retirement accounts simultaneously while still employed.
You subsequently enrolled in DROP, presumably before the program sunsetted on June 30, ’11. You retired in ’12.
The City Controller’s payroll database for Calendar Year 2012 shows you received $203,471 in “Other Pay” and you received $108,175 in “Regular Pay,” indicating “Total Pay” of $311,646 during the six months between January and June when you retired. Was that $203,471 in “Other Pay” from your double-dipping DROP account?
San Franciscans are indebted for your service as a police officer Al, not as a financial professional. We need someone with tangible, measurable financial skills. Meiberger holds two higher education degrees, one a B.A. in Mathematics and Chemistry and a second, M.B.A. in finance from the UC Berkeley. In addition, Herb earned the Chartered Financial Analyst (CFA) designation in 1987, which he has now held for 29 years. He’s a finance instructor at SF State, and taught CFA review courses.
Bloomberg.com reports that you are a graduate of SF State, but didn’t list the degree that you earned. Bloomberg also reported you attended the FBI National Academy, but again didn’t list any degree or certificate you earned from the FBI. Google books reports that you earned a B.A. in Urban Studies in 1978 from SF State.
As well, you served as a SFERS Board member for 17 years. Mr. Meiberger has a total of 24 years as a SFERS Board member, and worked as an SFERS employee for 20 years, managing our Pension Fund’s bond and private equity portfolios.
That Herb asks detailed, tough questions of SFERS’ investment staff and consultants about proposed investments shows he’s doing a great job at “due diligence” as a fiduciary to protect our Pension Fund’s investments. That doesn’t make him “disruptive,” as you allege.
As a Commissioner, you rarely asked any meaningful financial questions from staff or consultants, rubber-stamping recommendations put before you. Perhaps that’s why our Fund lost $70 million in the failed Currency Overlay Hedge Fund investment you supported, and we lost $100 million in the Stable Value Fund in the Deferred Comp. plan.
Meeting minutes show no record that you have attended any of 56 full Board meetings in the four years since you resigned from the Board.
When SFERS’ Board proposed investing $3 billion of our Pension Fund in risky hedge funds on February 11, ’15 — with Commissioner Meiberger being the only “No” vote — you were AWOL.
Do I sleep better at night knowing that your 43 years of service as a San Francisco cop was invaluable? Yes.
Do I sleep better at night wondering about your financial qualifications to manage our $21 billion Pension Fund? The answer to that question is “No.”
If you win, all three of the elected seats will be monopolized by “Public Safety” officers (Police and Fire), and effectively will have a four-member majority on the seven-member Board. This would exclude the 85% of Miscellaneous members having representation.
City employees and retirees: Who do you want managing your Pension Fund? A second cop on SFERS’ Board, or a dedicated, certified investment professional like Herb?
We’re not for sale, Al. Haven’t we earned — or do we not deserve — balanced representation?
The full version of this article will be posted on the Westside Observer’s web site and at http://www.stopLHHdownsize.com.
Monette-Shaw is a Westside Observer columnist, and a retired SF City employee. He received a James Madison Freedom of Information Award in the “Advocacy” category from the Society of Professional Journalists–Northern California Chapter in 2012. He’s a member of the California First Amendment Coalition (FAC) and the ACLU. He can be contacted at monette-shaw [at] westsideobserver.com.
For more information:
http://westsideobserver.com/news/patrick.h...
The San Francisco Police Officers Association, IFPTE Local 21 Bob Muscat and the MEA City Bosses Union SFERS candidates SFPD Capt Al Casciato and SFFD Lt. Joseph Driscoll have been spiking their pensions and scamming the pension fund for their own benefits. At the same time they and their supporters are pushing to turn over billions of dollars to secret hedge fund speculators. The majority of pension fund recipients have also been subsidizing the pensions of the police and fireman according to newly released reports.
At the same time the SFPOA President Halloran has been telling city workers and retirees they have to take cutbacks on their pension and healthcare benefits while he and his pals in the SFPOA/MEA leadership personally scam the pension plan.
At the same time the SFPOA President Halloran has been telling city workers and retirees they have to take cutbacks on their pension and healthcare benefits while he and his pals in the SFPOA/MEA leadership personally scam the pension plan.
Stansbury Brian G $227,622 in 2015
http://transparentcalifornia.com/salaries/search/?a=san-francisco&q=brian+stansbury&y=2015
Name Job title Regular pay Overtime pay Other pay Total
benefits Total pay &
benefits
Brian G Stansbury Sergeant 3
San Francisco, 2015 $140,650.82 $39,796.15 $6,505.35 $40,670.15 $227,622.47
Stansbury Brian Sergeant 2 $205,558.05
http://transparentcalifornia.com/salaries/search/?a=san-francisco&q=brian+stansbury&y=2014
Name Job title Regular pay Overtime pay Other pay Total
benefits Total pay &
benefits
Brian G Stansbury Sergeant 2
San Francisco, 2014 $134,860.51 $20,884.72 $7,721.89 $42,090.93 $205,558.05
http://transparentcalifornia.com/salaries/search/?a=san-francisco&q=brian+stansbury&y=2015
Name Job title Regular pay Overtime pay Other pay Total
benefits Total pay &
benefits
Brian G Stansbury Sergeant 3
San Francisco, 2015 $140,650.82 $39,796.15 $6,505.35 $40,670.15 $227,622.47
Stansbury Brian Sergeant 2 $205,558.05
http://transparentcalifornia.com/salaries/search/?a=san-francisco&q=brian+stansbury&y=2014
Name Job title Regular pay Overtime pay Other pay Total
benefits Total pay &
benefits
Brian G Stansbury Sergeant 2
San Francisco, 2014 $134,860.51 $20,884.72 $7,721.89 $42,090.93 $205,558.05
For more information:
http://transparentcalifornia.com/salaries/...
City of San Francisco: FIRE & ARREST Sgt. Brian Stansbury!
https://www.change.org/p/mr-gregory-p-suhr-city-of-san-francisco-fire-arrest-sgt-brian-stansbury
Petition Page - Democracy In Action
We, the Undersigned, OPENLY petition this office(s) to FIRE & ARREST Sgt. Brian Stansbury of the San Francisco Police Department for the clear and blatant violation of the civil and human rights of two private citizens and the clear violation of, "Attorney Client Privilege" when approaching and questioning two private citizens at the Hall of Justice in the City of San Francisco this past Tuesday.
These two private citizens were exiting a courtroom along with their attorney, a San Francisco Public Defender--Attorney Jami Tillotson, Esq., when a plain clothes detective, with the San Francisco Police Department, approached the citizens and their attorney and began to question them openly about a case or cases of reported burglary in the area.
The detective, Sgt. Brian Stansbury, was asked, politely and respectfully, by Attorney Tillotson, to not delay or question, openly, her clients, and that an appropriate time would be set aside for that to be done, but when Sgt Stansbury persisted and then attempted, initially, to take pictures of Attorney Tillotson's clients, after she insisted, again politely and respectfully, for the Sgt. not to do that, he arrested her, on the spot, for, "resisting arrest and interfering in an ongoing investigation". It was then that Attorney Tillotson's clients were photographed and questioned anyways, openly, while Attorney Tillotston was removed, by force-more or less, by five uniformed police officers with the SFPD at Sgt. Stansbury's direct orders for them to do so.
To that end we call upon the Mayor of, City Council for and the Police Chief of San Francisco to FIRE and ARREST Sgt. Brian Stansbury for a clear and demonstrably blatant violation of the civil and human rights of both the clients of, private citizens of the greater San Francisco area, and the rights of Attorney Jami Tillotson, again a San Francisco Public Defender, forthwith.
The Citizens of San Francisco, both public as well as private, need to know that their civil as well as human rights are and will be protected by representative governance at all times, without cause, exception or fail!
FINALLY, the Citizens of San Francisco, both public as well as private, need to know that we do indeed still live in a Democracy and not a Police State, as was clearly demonstrated this past Tuesday by San Francisco's finest.
Thank you, and we await your response in action!
https://www.change.org/p/mr-gregory-p-suhr-city-of-san-francisco-fire-arrest-sgt-brian-stansbury
Petition Page - Democracy In Action
We, the Undersigned, OPENLY petition this office(s) to FIRE & ARREST Sgt. Brian Stansbury of the San Francisco Police Department for the clear and blatant violation of the civil and human rights of two private citizens and the clear violation of, "Attorney Client Privilege" when approaching and questioning two private citizens at the Hall of Justice in the City of San Francisco this past Tuesday.
These two private citizens were exiting a courtroom along with their attorney, a San Francisco Public Defender--Attorney Jami Tillotson, Esq., when a plain clothes detective, with the San Francisco Police Department, approached the citizens and their attorney and began to question them openly about a case or cases of reported burglary in the area.
The detective, Sgt. Brian Stansbury, was asked, politely and respectfully, by Attorney Tillotson, to not delay or question, openly, her clients, and that an appropriate time would be set aside for that to be done, but when Sgt Stansbury persisted and then attempted, initially, to take pictures of Attorney Tillotson's clients, after she insisted, again politely and respectfully, for the Sgt. not to do that, he arrested her, on the spot, for, "resisting arrest and interfering in an ongoing investigation". It was then that Attorney Tillotson's clients were photographed and questioned anyways, openly, while Attorney Tillotston was removed, by force-more or less, by five uniformed police officers with the SFPD at Sgt. Stansbury's direct orders for them to do so.
To that end we call upon the Mayor of, City Council for and the Police Chief of San Francisco to FIRE and ARREST Sgt. Brian Stansbury for a clear and demonstrably blatant violation of the civil and human rights of both the clients of, private citizens of the greater San Francisco area, and the rights of Attorney Jami Tillotson, again a San Francisco Public Defender, forthwith.
The Citizens of San Francisco, both public as well as private, need to know that their civil as well as human rights are and will be protected by representative governance at all times, without cause, exception or fail!
FINALLY, the Citizens of San Francisco, both public as well as private, need to know that we do indeed still live in a Democracy and not a Police State, as was clearly demonstrated this past Tuesday by San Francisco's finest.
Thank you, and we await your response in action!
For more information:
https://www.change.org/p/mr-gregory-p-suhr...
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