San Francisco Employees calls on pension funds to join efforts to combat coronavirus
The $25 billion San Francisco Employees Retirement System (SFERS) has issued a call to action for all pension funds — especially those that support hospitals — to join in a larger effort to combat COVID-19. SFERS has asked all pension funds to request companies in the S&P 500 Index to report what actions they are taking to fight COVID-19.
“COVID-19 is the largest global public health crisis in 100 years,” stated SFERS at the end of March. “It threatens the lives of millions of people. As we have learned in recent days, our nation’s healthcare system is in need of assistance from private industry to manage a large-scale pandemic such as COVID-19.”
SFERS also called on all businesses to find a way to reorganize their manufacturing, distribution, resources, and service capabilities and thanked companies that have already done so, such as Microsoft, Apple and Amazon.
“The world needs businesses and institutional investors to be a part of the solu