BOARD OF ADMINISTRATION - Meeting of Police & Fire Department Retirement Plan and Health Care Trust on 6/17/2026 at 9:00 AM

14-10841

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10841
Ver.: 1
Agenda #: a.
Type: SCD - Approved
Title: Erin Allen, Police Officer, Police Department, Request for Service-Connected Disability Retirement, effective June 13, 2026; 12.66* years of service. (Disability Committee Recommendation: Approval)
Action:
Result:

14-10842

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10842
Ver.: 1
Agenda #: a.
Type: Status Change SCD - Approved
Title: Jason A. Suarez, Fire Captain, Fire Department, Request for Change of Status to Service-Connected Disability Retirement, effective January 26, 2022; 27.60* years of service. (Disability Committee Recommendation: Approval)
Action:
Result:

14-10843

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10843
Ver.: 1
Agenda #: b.
Type: Status Change SCD - Approved
Title: David J. Scocca, Fire Engineer, Fire Department, Request for Change of Status to Service-Connected Disability Retirement, effective August 17, 2023; 25.33* years of service. (Disability Committee Recommendation: Approval)
Action:
Result:

14-10844

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10844
Ver.: 1
Agenda #: a.
Type: Board Minutes Approval
Title: Approval of the Board Minutes of May 20, 2026.
Action:
Result:

14-10845

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10845
Ver.: 1
Agenda #: a.
Type: Travel/Conference Attendance
Title: John Flynn, CEO · CALAPRS Virtual Administrators Roundtable, June 5, 2026. · NCPERS 2026 Advanced Fiduciary (NAF) Institute: Modules 3&4, Nashville, TN, October 24-25, 2026. · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.
Action:
Result:

14-10846

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10846
Ver.: 1
Agenda #: b.
Type: Travel/Conference Attendance
Title: Sunita Ganapati, Trustee · MarketsGroup ALTSSF 2026, San Francisco, CA, September 9-10, 2026.
Action:
Result:

14-10847

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10847
Ver.: 1
Agenda #: c.
Type: Travel/Conference Attendance
Title: Andrew Gardanier, Chair · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.
Action:
Result:

14-10848

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10848
Ver.: 1
Agenda #: d.
Type: Travel/Conference Attendance
Title: David Woolsey, Trustee · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.
Action:
Result:

14-10915

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10915
Ver.: 1
Agenda #: e.
Type: Item
Title: Reimbursements · 2026 Public Funds Roundtable, April 27 - 29, 2026, Los Angeles, CA - Gretchen Flicker. · PRISM 2026 Conference, May 18 - 20, 2026, San Diego, CA - John Flynn.
Action:
Result:

14-10850

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10850
Ver.: 1
Agenda #: a.
Type: Communication and Information Report
Title: Police and Fire Department Retirement Plan Dashboard.
Action:
Result:

14-10851

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10851
Ver.: 1
Agenda #: b.
Type: Communication and Information Report
Title: Report of the Monthly Board Expenses for April 2026. Receive and file.
Action:
Result:

14-10852

Wed, 10 Jun 2026 14:55:20 GMT

File #: 14-10852
Ver.: 1
Agenda #: c.
Type: Return Contributions
Title: Public Comment Policy as amended and approved at April 16, 2026 Board Meeting, with subsequent minor revision.
Action:
Result:

14-10853

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10853
Ver.: 1
Agenda #: d.
Type: Communication and Information Report
Title: Fourth Amendment with SocialSellinator entered into by CEO on behalf of Police and Fire to extend the term of the Agreement through June 30, 2027 at a monthly amount of $1,800.00 (split 50/50) with a not-to-exceed total of $60,000 for total duration of the Agreement per retirement plan.
Action:
Result:

14-10854

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10854
Ver.: 1
Agenda #: e.
Type: Communication and Information Report
Title: Seventh Amendment with Marty Boyer entered into by CEO on behalf of Police and Fire to extend the term of the Agreement through June 30, 2027 with a maximum total amount payable of $10,000 per retirement plan for the period July 1, 2026 through June 30, 2027 and a not-to-exceed total of $90,000 for total duration of the Agreement per retirement plan.
Action:
Result:

14-10855

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10855
Ver.: 1
Agenda #: a.
Type: Education & Training
Title: CALAPRS 2026 Program Calendar.
Action:
Result:

14-10856

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10856
Ver.: 1
Agenda #: b.
Type: Education & Training
Title: Quarterly Trustee Education Opportunities Report.
Action:
Result:

14-10857

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10857
Ver.: 1
Agenda #: c.
Type: Education & Training
Title: NCPERS Public Pension Funding Forum, Chicago, IL, August 16 - 18, 2026.
Action:
Result:

14-10858

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10858
Ver.: 1
Agenda #: d.
Type: Education & Training
Title: CALAPRS Principles of Pension Governance for Trustees, Santa Barbara, CA, August 24 - 27, 2026.
Action:
Result:

14-10859

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10859
Ver.: 1
Agenda #: a.
Type: Alternate Beneficiary
Title: Approval of Alternate Payee Benefit election of Unreduced Retirement Option to be paid to Kimberlie Reckas, ex-spouse of Police Sergeant, Ted Reckas to be effective July 18, 2026 under Part 17, Section 3.36.3600 of the San Jose Municipal Code.
Action:
Result:

14-10860

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10860
Ver.: 1
Agenda #: a.
Type: Investments
Title: Oral update by CIO, Jay Kwon.
Action:
Result:

14-10861

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10861
Ver.: 1
Agenda #: b.
Type: Investments
Title: Presentation of Calendar 4th Quarter 2025 private equity report by Neuberger Berman.
Action:
Result:

14-10862

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10862
Ver.: 1
Agenda #: c.
Type: Investments
Title: Presentation of Calendar 4th Quarter 2025 private markets report by Meketa Investment Group.
Action:
Result:

14-10863

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10863
Ver.: 1
Agenda #: d.
Type: Investments
Title: Presentation of Calendar 1st Quarter 2026 performance report for Pension Plan by Meketa Investment Group.
Action:
Result:

14-10864

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10864
Ver.: 1
Agenda #: e.
Type: Investments
Title: Presentation of Calendar 1st Quarter 2026 performance report for Health Care Trust by Meketa Investment Group.
Action:
Result:

14-10865

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10865
Ver.: 1
Agenda #: f.
Type: Investments
Title: Discussion and action of the implemented revisions to the Asset Allocation section of the Investment Policy Statement and Resolution number 4853.
Action:
Result:

14-10866

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10866
Ver.: 1
Agenda #: a.
Type: Item
Title: Oral update by CEO, John Flynn.
Action:
Result:

14-10867

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10867
Ver.: 1
Agenda #: b.
Type: Item
Title: Oral update from the City Council Liaison to the Board.
Action:
Result:

14-10908

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10908
Ver.: 1
Agenda #: c.
Type: Item
Title: Discussion and presentation on Emerging Risk/Reward Changes and Split Valuation Approach by Cheiron. Time Certain: 9:10 a.m.
Action:
Result:

14-10869

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10869
Ver.: 1
Agenda #: d.
Type: Item
Title: Discussion and action on Gallagher’s Investment Team Compensation Study. Time Certain: 10:00 a.m.
Action:
Result:

14-10912

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10912
Ver.: 1
Agenda #: e.
Type: Item
Title: Discussion and presentation of Vision’31 - ORS Action Plan to support the Five-Year Strategic Plan by John Flynn, CEO.
Action:
Result:

14-10914

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10914
Ver.: 1
Agenda #: f.
Type: Item
Title: Discussion and action on the FY2027 Annual Strategic Work Plan for the Office of Retirement Services, covering the first operational year of the Five-Year Strategic Plan.
Action:
Result:

14-10907

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10907
Ver.: 1
Agenda #: g.
Type: Item
Title: Discussion and action to approve one full-time overstrength Benefits Division Manager through January 2, 2027.
Action:
Result:

14-10868

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10868
Ver.: 1
Agenda #: h.
Type: Item
Title: Discussion and action on the formation of the Joint Ad Hoc Budget Committee to review administrative budget cost allocation, benchmarks, and development of formal budgeting policy recommendations.
Action:
Result:

14-10870

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10870
Ver.: 1
Agenda #: a.
Type: Service Retirement
Title: Donald J. Alexander II, Fire Captain, Fire Department, effective July 16, 2026; 25.12* years of service.
Action:
Result:

14-10871

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10871
Ver.: 1
Agenda #: b.
Type: Service Retirement
Title: Holger Blech, Fire Engineer, Fire Department, effective July 16, 2026; 25.11* years of service.
Action:
Result:

14-10874

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10874
Ver.: 1
Agenda #: c.
Type: Service Retirement
Title: Michael S. Brum, Police Officer, Police Department, effective July 2, 2026; 28.79* years of service.
Action:
Result:

14-10872

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10872
Ver.: 1
Agenda #: e.
Type: Service Retirement
Title: George Constantin, Police Sergeant, Police Department, effective June 20, 2026; 26.80* years of service.
Action:
Result:

14-10873

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10873
Ver.: 1
Agenda #: f.
Type: Service Retirement
Title: Richard Crawford, Fire Prevention Inspector, Fire Department, effective July 18, 2026; 26.46* years of service.
Action:
Result:

14-10875

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10875
Ver.: 1
Agenda #: g.
Type: Service Retirement
Title: Pedro C. Franco, Fire Engineer, Fire Department, effective July 4, 2026; 31.69* years of service.
Action:
Result:

14-10876

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10876
Ver.: 1
Agenda #: h.
Type: Service Retirement
Title: Salvador Gutierrez, Fire Engineer, Fire Department, effective July 19, 2026; 25.57* years of service.
Action:
Result:

14-10877

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10877
Ver.: 1
Agenda #: i.
Type: Service Retirement
Title: Shad Hall, Fire Captain, Fire Department, effective July 4, 2026; 28.26* years of service. (With Reciprocity - 24.81 CSJ YOS + 3.45 PERS YOS)
Action:
Result:

14-10878

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10878
Ver.: 1
Agenda #: j.
Type: Service Retirement
Title: Mark I. Palfalvi, Police Officer, Police Department, effective July 3, 2026; 29.33* years of service.
Action:
Result:

14-10879

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10879
Ver.: 1
Agenda #: k.
Type: Service Retirement
Title: Tri H. Pham, Police Officer, Police Department, effective June 20, 2026; 24.48* years of service.
Action:
Result:

14-10880

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10880
Ver.: 1
Agenda #: l.
Type: Service Retirement
Title: Leo Prescott, Police Lieutenant, Police Department, effective June 19, 2026; 26.60* years of service.
Action:
Result:

14-10881

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10881
Ver.: 1
Agenda #: m.
Type: Service Retirement
Title: James K. Sit, Police Officer, Police Department, effective July 5, 2026; 26.07* years of service.
Action:
Result:

14-10882

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10882
Ver.: 1
Agenda #: n.
Type: Service Retirement
Title: Jon Walsh, Fire Captain, Fire Department, effective July 16, 2026; 25.12* years of service.
Action:
Result:

14-10883

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10883
Ver.: 1
Agenda #: a.
Type: Deferred Vested
Title: Brent C. Marks, Firefighter, Fire Department, effective June 30, 2026; 28.72* years of service. (With Reciprocity - 3.69 CSJ YOS + 25.03 SFERS YOS)
Action:
Result:

14-10886

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10886
Ver.: 1
Agenda #: a.
Type: Committees/Reports/Recommendations
Title: Oral update from the Chair of the Investment Committee.
Action:
Result:

14-10887

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10887
Ver.: 1
Agenda #: a.
Type: Committees/Reports/Recommendations
Title: Oral update from the Chair of the Audit/Risk Committee. · Approval of the Q1 2026 travel and attendance report for the Police and Fire Department Retirement Plan. · Discussion and action on FY 2025-2026 Office of Retirement Services External Audit Plan by Macias Gini & O’Connell (MGO) LLP. · Discussion and action to approve the First Amendment to the agreement with Baker Tilly for internal audit consulting services. · Discussion and action on the Risk Assessment Results and Proposed 5-Year Internal Audit Plan from Baker Tilly. · Discussion and action on the status of outstanding Internal Audit recommendations. · Discussion on status of outstanding Penetration testing recommendations.
Action:
Result:

14-10888

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10888
Ver.: 1
Agenda #: b.
Type: Committees/Reports/Recommendations
Title: Minutes of the Audit Committee meeting from February 19, 2026. Receive and file.
Action:
Result:

14-10889

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10889
Ver.: 1
Agenda #: c.
Type: Committees/Reports/Recommendations
Title: Discussion and action on FY 2025-2026 Office of Retirement Services External Audit Plan by Macias Gini & O’Connell (MGO) LLP.
Action:
Result:

14-10890

Wed, 10 Jun 2026 20:04:41 GMT

File #: 14-10890
Ver.: 1
Agenda #: d.
Type: Committees/Reports/Recommendations
Title: Discussion and action to approve the First Amendment to the agreement with Baker Tilly for internal audit consulting services.
Action:
Result:

14-10891

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10891
Ver.: 1
Agenda #: e.
Type: Committees/Reports/Recommendations
Title: Discussion and action on the Proposed Internal Audit Plan for FY 2026 - FY 2027 from Baker Tilly.
Action:
Result:

14-10892

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10892
Ver.: 1
Agenda #: a.
Type: Committees/Reports/Recommendations
Title: Oral update from the Chair of the Governance Committee.
Action:
Result:

14-10893

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10893
Ver.: 1
Agenda #: a.
Type: Committees/Reports/Recommendations
Title: Oral update from the Chair of the Disability Committee.
Action:
Result:

14-10894

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10894
Ver.: 1
Agenda #: b.
Type: Committees/Reports/Recommendations
Title: Minutes of the Disability Committee meeting from May 11, 2026. Receive and file.
Action:
Result:

14-10895

Wed, 10 Jun 2026 14:55:21 GMT

File #: 14-10895
Ver.: 1
Agenda #: a.
Type: Committees/Reports/Recommendations
Title: Oral update from the Chair of the Joint Personnel Committee.
Action:
Result: