How do I apply for retirement in San Francisco?
Log in to the secure member portal mySFERS to schedule an appointment with a Retirement Counselor using our online Retirement Appointment Scheduler. Schedule your counseling session to take place within six months of your desired retirement date.
Is Sfers a lifetime benefit?
SFERS benefits provide to you, as a retired member, post-employment income during your lifetime and the lifetime of your qualified survivor. Retiree benefits are calculated using a formula based on your Age at Retirement, your Years of Service Credit and your Final Compensation as of your effective retirement date.
What is SF account balance?
The San Francisco Employees' Retirement System (SFERS) is a defined benefit plan. Your account balance is not available for loan or withdrawal during employment. You may elect to receive a refund of your contributions only after you terminate employment with the City and County of San Francisco.
How does San Francisco pension work?
The SFERS Pension Plan is a qualified defined benefit plan funded through employee and employer contributions and investment earnings. The Plan provides for its members service retirement benefits calculated using a formula based on Age at Retirement, Years of Service and Final Compensation.