Wells Fargo Outlook

Bank Accountability

Apr 29, 2013 No Comments ›› HerbMeiberger

All of us are still paying for the failure of the banks in the Panic of 2008.   In order to save the banking system, the Federal Reserve spent trillions of dollars on bank bailouts, several rounds of "quantitative easing", and now spends $80 billion per month to purchase bonds.  As a result, savers are ...

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Herb Meiberger San Francisco Retirement Board

SFERS Actuarial Valuation 2012

Feb 26, 2012 No Comments ›› HerbMeiberger

The Retirement Board’s most important decision is the asset allocation decision; that is, the percent invested in stocks, bonds, real estate, private equity, and other assets.   Attached are documents showing the procedures, assumptions, and process for making this important decision.  These decisions face all investors. SFERS Actuarial Valuation Part 1   SFERS Actuarial Valuation Part 2 SFERS Actuarial ...

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Herb Meiberger San Francisco Retirement Board

Best Funded Public Plan in California

Dec 5, 2011 No Comments ›› HerbMeiberger

Gary A. Amelio Executive Director “On April 30, 2011, the Trust was valued at $15.6 billion, up $1.8 billion from this time last year. SFERS remains one of the best funded public plans in the nation. Moreover, the Trust generated a 12.55% return (unaudited) in the fiscal year ended June 30, 2011, and is returning in excess ...

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Herb Meiberger SFPD SFFD

Increased Benefits For Safety Officers

Dec 5, 2011 No Comments ›› HerbMeiberger

Herb Meiberger has worked hard with Police Officers and Firefighters to increase pensions. Herb convinced a majority of retirement board members to sign the ballot argument to enhance safety officers' benefits in the 2002 SF election.  Commissioners Joe Driscoll (SFFD) and Al Casciato (SFPD) did not sign it. The voters approved it overwhelmingly.  This ballot measure will enable ...

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