Program the a and e before you to continue that effort in the next fiscal year and my colleague alison will share the plans for this upcoming fiscal year. Good morning, supervisors our plans for the coming year as opted to the last two year a two year cycle this is for a one year funding for the calendar year 2015 to continue to do our outreach to Small Businesses and memoranda size businesses and homes through the city that was shown in the map before you we have Additional Funding for the sustainable chinatown well be working in chinatown to identify what our energy 14 building how to promote them and it helps us lion data from the energies conservation ordinance to make sure we offer those buildings emergency watch funding about 3 million will be sdrurd to help fund for the energy retro grade for those businesses and lastly collaborating with the pacific gas and electrically electric in terms of encouraging businesses to really win the central bits district to engage in energy effic
Well, i. I wish it was simple. If you want to gamble with your retirement money, be my guest. Narrator tonight frontline, the retirement gamble. Frontlinis made possible by contributions to your pbs station from viewers like you. Thank you. And by the corporation for public broadcasting. Major support for frontliis provided by the john d. And catherine t. Macarthur foundation, committed to building a more just, verdant and peaceful world. More information is available at macfound. Org. Additional support is provided by the park foundation, dedicated to heightening Public Awareness of critical issues. The ford foundation, working with visionaries on the front lines of social change worldwide. At fordfoundation. Org. The wyncote foundation. And by the frontline journalism fund, with major support from fund, with major support from jon and jo ann hagler. In this bad economy are borrowing from their 401 k s. The number of workers borrowing from their accounts has reached a tenyear high. A
Multi families this helps the effort and constantly take into account new community are in order to get success and then briefly the success today so the work that the department has done with our Small Businesses and multi family buildings has ruled in 42 million that those businesses and multi family buildings are saving theyre paying 42 million less to pummeling and keeping that we think this is a valuable model and program weve presented over 21 million incentives Cash Incentives going to the Business Owners and the owners of the multi buildings and over 10 thousand businesses in San Francisco and over 4 thousand multi family it is a Successful Program the a and e before you to continue that effort in the next fiscal year and my colleague alison will share the plans for this upcoming fiscal year. Good morning, supervisors our plans for the coming year as opted to the last two year a two year cycle this is for a one year funding for the calendar year 2015 to continue to do our outre
Been very patient listening to us thank you for that many of my coworkers had to leave because theyre working but many are staying to the bitter end of the month to month we want you all to explain where you would put any money into an unwise have you ever known there are clearly all of the. 30 seconds. Well be here to hear our decision were not going away we have our calendars marked every month for this meeting thank you clapping. if no other Public Comment ill close Public Comment and call item 2. Item 2 an action item approve the minutes of january 14th retirement Board Meeting. Is there a motion of adoption. Ill move. Open up for Public Comment on item 2 seeing none, Public Comment is closed. Jake and ill pout one amendment that staff proposed in a memo from norm a clarification of the ownership within the deferred managers report it should be in a packet before you thats in a memo form from norman. Okay. Ill give you a moment to review it. Ill read it to it is clarifying that wel
1023 one and have talked about he they feel will the hedge funds plan it is seemed to be recommended about the risks and the fees the need for transparent about the feeling theyre not been Due Diligence that this whole mechanism of determining the Asset Allocation has been taken with blinder on for the last six or seven months and the lass lack of controls with the board and the hedge funds will have and the investments and fear that groups on the table like Elliott Management and the people he deals with that will invest their money against the unions and against the fine benefit plans leads me to once again say youve heard from many of our members youve received many, Many Services opposing Hedge Fund Investments today, i have another 8 hundred and 65 close to 3 thousand signatures of our members back behind the ones youve heard opposing the Hedge Fund Allocations wed like submit those and hope youll consider well, today, i hope we hear a lot of comments today that actually have a ca