i'm the regional vice president of sciu 10-1. we represent in san francisco over 15,000 city workers who are vested in the city's pension fund and we're urging the board of retirement to divest in dirty fossil fuels now. i want to give a huge shout out to everyone who has played an important role in this, it's been a village that has come together to help move this. thank you former supervisor ovolose, supervisor peskin, supervisor cohen, president breed. and the commission on the environment for your resolution pass last evening. thank you very much and i would be remissed without acknowledging our retirees here who have broken their backs to ensure this is a priority for sciu 10-1, particularly david page, melissa hawthorne and many others here who have led the fight. with this, we have reached the point of insanity. it's a bad investment. we're losing money on this investment and destroying our communities and we still have to spend our time, energy and effort here to fight for it. what is going on. this is absolutely insane.

i want to start by saying that sciu 10-1 has been the wind at our backs. i cannot thank you enough.the folks from dapo, i cannot thank you enough. we'll hear from all of them. i want to start not with our president, not with our retirement board member but with our former supervisor. we have a lot of great speakers but this started with supervisor john ovolose who first issued the resolution unanimously adopted by the board five years ago that has not yet be heeded but perhaps with malia cohen's leadership will be heeded today. >> good morning. it's great to be here. but also kind of strange to be here. five years after we had first voted unanimously to call upon sfers to divest from fossil fuels. since that time i'm a retiree of the sitting council of san francisco, so i depend on sfers to respond. what we have done in five years of analysis, we know fossil fuel investments is a bad investment. we're seeing the great volatility of fossil fuels while our sfers overall fund has grown from $19 billion in 2013 to $23 billion in 2018, our fossil fuel portfolio has only stayed about the

so -- if -- if the premium, so, you are a member of sciu for instance. 100% paid by the employer. when -- since the $3, it's baked into the premium, the 100% is paid by the employer. and therefore, it is an accurate statement to say that that's paid for by the employer. we don't charge the individual because the individual has negotiated in the union negotiation to have their full benefits paid for by the employer. >> for certain union, right? >> only a few of the unions are still on that, and only a few unions are still on the 90/10. most of the unions have gone to the 93 --/93-93-83. >> so in the charter, for the charter amendment, the wellness, that is a wellness comes out of the trust. right? >> wellness comes out of the trust, to the extent that the wellness is, benefits all four employers. so, if, you know, if we are doing something that's solely for city employees only and the reti retirees are not participating and employees are not participating, we don't use that source of money. we did a look who is benefitting from the wellness programs, moved over to the general fund,

security, for example, at san francisco international airport set a wage standard that is peged to the sciu contract. that is a representative workforce there. that reflects the cost of living needs of this area. what we are worried about is that the park service will use a national wage standard which has substandard wage and benefits that reflect wages in texas to gulf area because it is a national standard. we do not know at this time where they've done a wage survey, can they can do. just as homeland security asked department of labour to do. and to do it for ferry workers. ferry workers are very different than tugboat workers and so the standard they're using right now is for tug workers and special projects nationally. so we ask that you reiterate this and memorialize this in the contract documents before you. because, unfortunately, we think that the park service need this is type of reminder about the city's commitment to paying the workforce, especially ferry workers -- [bell ringing] a standard wage and competitive wage for this area. i'm going to introduce with your permission, p