San Francisco Employees' Retirement System Calls on Fortune 500 Companies to Step-Up

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SAN FRANCISCO EMPLOYEES' RETIREMENT SYSTEM CALLS ON FORTUNE 500 COMPANIES TO STEP-UP

SAN FRANCISCO, CA --- On March 23, the San Francisco Employees’ Retirement System (SFERS) Board issued a call-to-action to the 500 businesses listed in the S&P 500 stock market index to find ways to reorganize and mobilize their manufacturing, resources, distribution, and service capabilities to help in the fight against COVID-19. Carmen Chu serves on the SFERS Board which oversees the investments and policies of a $26 billion public pension system serving 34,000 employees and 39,000 retirees.

“Doing good is good economics,” said Assessor Chu, “We know government alone can’t win against COVID-19. This pandemic reminds us how interconnected we all are and we need private employers to step up to support their workers and to help us meet basic needs like having enough swabs to conduct tests, or ventilators to help people breathe.”

Assessor Chu adds, “With the passage of the $2.2 trillion coronavirus stimulus bill, the largest economic intervention in U.S. history, it is even more important for companies who receive aid from the American people to help the American people.” #sp500covidfight.