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Retirement system did hear the message from the board of supervisors and did respond according to the policy. Thank you. And i know this is a different topic, but i just wanted to were moving down a road of discussing this particular issue and i want to make sure that the communication is open and clear and provided to us in a timely manner. Ill make sure that that happens. Thank you. Thank you. Supervisor wiener . I want to thank you, madam chair and also supervisor chiu, for supportive words. Just to be clear, its not, its not 1 . I did the calculation at 19 billion fund, 26 million invested in russian securities, that is point 137 . Its even smaller, its a really small percent, but thank you for acknowledging that it is it should be zero. Yes, i agree. Thank you. Okay, thank you, mr. Hewitt. I appreciate it. Colleagues, just a few speakers from organizations in the Lgbt Community who have been doing work around the persecution ....
Board of supervisors agenda unless otherwise stated. Okay, are there any changes to the agenda . No. Okay. So, can you please call the first item . Item number 1 is a hearing on the San Francisco employees retirement system sfers investments in russian securities; the feasibility, consistent with sferss fiduciary obligations to retirees, of sfers divesting from russian securities, given russias continuing persecution of members of the lesbian, gay, bisexual, and transgender community; and sferss policy regarding responses to inquiries from members of the board of supervisors about policy matters of interest to residents of San Francisco. Okay, thank you. And i would like to turn this over to my colleague, supervisor scott wiener. Thank you, madam chair, and thank you for accommodating this hearing in terms of timing. We very much appreciate it. So, colleagues, today before us w ....
Entire career on defending the rights of lgbt people globally. To add to that background to what you obviously all are knowledgeable this particular antigay crack down in russia right now, i think its important to under a teeny bit the context for that, which is that president putin, after his second reelection, experienced for the first time opposition, and this has been part of an overall crack down to keep opposition at bay. And in particular, to take all the freedoms away from Civil Society actors. The most important law that has impacted lgbt people in russia is actually the foreign agents law which is in the process of taking down any civil any no. Nongovernmental organization that receives funding from outside of russia. Just yesterday in st. Petersberg, the longest standing human rights mainstream organization, the moriales was to shut its doors. Every lgbt organization in russia with a few exceptions are in the process of ....
And jennifer low from sfgovtv. And, madam clerk, do we have any announcements . Yes, please make sure to silence all cell phones and electronic devices. Completed speaker cards and copies of any documents to be included as part of the file should be submitted to the clerk. Items acted upon today will appear on the april 22nd board of supervisors agenda unless otherwise stated. Okay, are there any changes to the agenda . No. Okay. So, can you please call the first item . Item number 1 is a hearing on the San Francisco employees retirement system sfers investments in russian securities; the feasibility, consistent with sferss fiduciary obligations to retirees, of sfers divesting from russian securities, given russias continuing persecution of members of the lesbian, gay, bisexual, and transgender community; and sferss policy regarding responses to inquiries from members of the board of supervisors about policy matters of interest to ....