Carroll

BACKGROUND

The City’s Retirement System The City operates a retirement system known as the San Francisco Employees’ Retirement System (SFERS). (See S.F. Charter, §§ A8.509(a), A8.584-1, A8.587-1, A8.600-1, A8.603-1.) The City’s Charter makes service and disability retirement benefits available to qualified employees. (Id. at §§ A8.509(a), (c), A8.584-2 & A8.584-3, A8.587-2 & A8.587-3, A8.600-2 &

A8.600-3, A8.603-2 & A8.603-3.)

Employees qualify for service retirement when they: (1) reach age 50 and have at least 20 years of credited service (the 50/20 provision); (2) reach age 60 and have at least 10 years of credited service (the 60/10 provision); or (3) reach age 65. (S.F. Charter, §§ A8.509(b), A8.584-2, A8.587-2, A8.600-2, A8.603-21.) An employee’s service retirement benefit is calculated by multiplying the retiree’s total years of credited service by a set percentage that correlates with the employee’s age as stated in the charter, then multiplying that figure by the employee’s average final compensation. (Ibid.) Employees qualify for disability retirement when they are deemed “incapacitated for performance of duty because of disability” and have at least 10 years of…