Meeting Details

Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 10/22/2026 8:30 AM Minutes status: Final  
Meeting location: City Hall, Wing Rooms 118-120 200 E. Santa Clara St., San Jose, CA 95113
Published agenda: Agenda Agenda Accessible Agenda Accessible Agenda Published minutes: Minutes Minutes Accessible Minutes Accessible Minutes Meeting Extra1: FED Board 10-22-26 audio Meeting Extra2: Not available Meeting Extra3: Not available  
Agenda packet: Not available
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-11317 1a. ItemPresentation of a commendation to Nathan Nakagawa for his service as Trustee to the Federated City Employees’ Retirement Systems Board of Administration. Time Certain: 8:30 a.m.   Action details Not available
14-11318 1b. ItemPresentation of a commendation to Mark Linder for his service as Trustee to the Federated City Employees’ Retirement Systems Board of Administration. Time Certain: 10:30 a.m.   Action details Not available
14-11280 1A. ItemCLOSED SESSION: CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION: Significant exposure to litigation pursuant to Section 54956.9(d)(2): One Case.   Action details Not available
14-11263 1a. Service RetirementAaron S. Becker, Construction Manager, Department of Transportation, effective October 24, 2026; 26.44* years of service. (With Reciprocity - 16.98 PERS + 9.46 CSJ = 26.44 YOS)   Action details Not available
14-11266 1b. Service RetirementErnest A. Contreras, Maintenance Worker II, Department of Transportation, effective October 24, 2026; 30.04* years of service.   Action details Not available
14-11267 1c. Service RetirementRaymond L. Cunanan, Associate Engineer, Public Works Department, effective October 24, 2026; 26.91* years of service.   Action details Not available
14-11316 1d. Service RetirementWilliam A. Harmon, Information Systems Analyst, Department of Transportation, effective November 7, 2026; 28.27* years of service.   Action details Not available
14-11275 1e. Service RetirementRichard Sigona, Senior Electrician, Public Works Department, effective October 10, 2026; 28.24* years of service.   Action details Not available
14-11273 1f. Service RetirementSyed A. Wahidi, Senior Construction Inspector, Public Works Department, effective November 3, 2026; 5.33* years of service.   Action details Not available
14-11350 1a. Deferred VestedChristina G. Bourassa, Senior Account Clerk, Finance Department, effective November 9, 2026; 5.37* years of service.   Action details Not available
14-11351 1b. Deferred VestedLisa B. Christy, Senior Office Specialist, Parks, Recreation and Neighborhood Services, effective November 3, 2026; 27.72* years of service. (With Reciprocity - 7.13 CSJ + 20.58 SCERS = 27.72 YOS)   Action details Not available
14-11262 1c. Deferred VestedCarol Frost, Division Manager, Library Department, effective November 2, 2026; 15.61* years of service. (With Reciprocity - 7.00 CSJ + 8.61 PERS = 15.61 YOS)   Action details Not available
14-11274 1d. Deferred VestedZahir M. Gulzadah, Division Manager, Department of Transportation, effective November 4, 2026; 25.30* years of service.   Action details Not available
14-11261 1e. Deferred VestedMichelle Huang, Associate Engineer, Planning, Building and Code Enforcement, effective October 15, 2026; 19.43* years of service. (With Reciprocity - 5.33 CSJ + 0.95 SFERS + 13.14 PERS = 19.43 YOS)   Action details Not available
14-11248 1a. Board Minutes ApprovalApproval of the Board Minutes of September 17, 2026.   Action details Not available
14-11358 1b. Board Minutes ApprovalApproval of the Amended Board Minutes of August 20, 2026.   Action details Not available
14-11249 1a. Return ContributionsVoluntary | Involuntary   Action details Not available
14-11284 1a. Communication and Information ReportStatements of Work for FY’ 26-27 internal audits with Baker Tilly.   Action details Not available
14-11285 1b. Communication and Information ReportPolicy Regarding the Procurement and Contracting of Goods and Services, recommended for approval at the September 16, 2026 Governance Committee meeting, with a minor technical revision.   Action details Not available
14-11268 1c. Communication and Information ReportTravel Content Reports: · MarketsGroup ALTSSF, San Francisco, CA, September 9 - 10, 2026, by Matthew Faulkner. · Fiduciary Investors Symposium 2026, September 15 - 16, 2026, by Spencer Horowitz. · CALAPRS Virtual Trustees Roundtable on October 2, 2026, by Brian Chi.   Action details Not available
14-11332 1a. Travel/Conference AttendanceReimbursements · MarketsGroup ALTSSF, San Francisco, CA, September 9 - 10, 2026 - Matthew Faulkner. · CALAPRS Administrators Institute, Carmel, CA, September 23 - 25, 2026 - John Flynn.   Action details Not available
14-11260 1a. Alternate BeneficiaryApproval of Alternate Payee Benefit election of Lifetime Monthly Payment Option to be paid to Veronica A. Dore, ex-spouse of Network Technician III, Wayne A. Dore to be effective September 3, 2026, under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Action details Not available
14-11251 1a. InvestmentsOral update from the CIO of Retirement Services, Jay Kwon.   Action details Not available
14-11348 1b. InvestmentsRatification of revisions to San Jose Federated City Employees’ Retirement System’s Investment Policy Statement, as amended and modified by the Board at its September 17, 2026 Board meeting, and approval of Resolution number 9136 regarding revisions to Investment Policy Statement.   Action details Not available
14-11252 1a. ItemOral update from the CEO of Retirement Services, John Flynn.   Action details Not available
14-11253 1b. ItemOral update from the City Council Liaison to the Board.   Action details Not available
14-11319 1c. ItemDiscussion and action on Retiree Member Vacancy pursuant to Municipal Code section 2.08.1070, including interview with candidate recommended by the San José Retired Employees Association to fill the current Trustee vacancy. Time Certain: 8:35 a.m. Candidate: · Julia Harper Cooper   Action details Not available
14-11330 1d. ItemDiscussion and action on Pension economic assumptions for the June 30, 2026 Actuarial Valuation to presented by Cheiron.   Action details Not available
14-11355 1e. ItemEducation and discussion regarding gift rules for Board and ORS staff.   Action details Not available
14-11356 1f. ItemDiscussion and action on authorizing Trustees Horowitz and Faulkner to represent the Board at a City Council memorial adjournment in honor of the late Trustee Mark Linder.   Action details Not available
14-11254 1a. ItemOral update from the Chair of the Investment Committee.   Action details Not available
14-11349 1b. ItemMinutes of Federated Investment Committee meeting from April 14, 2026. Receive and file.   Action details Not available
14-11255 1a. ItemOral update from the Chair of the Audit/Risk Committee.   Action details Not available
14-11257 1a. ItemOral update from the Chair of the Governance Committee. · Discussion and action to recommend adoption of the Q3’26 Policy Update: Board Education Policy. · Discussion and action to recommend adoption of the Q3’26 Policy Update: CEO Charter. · Discussion and action to recommend adoption of the Q3’26 Policy Update: CIO Charter. · Discussion on Q4’26 policies: Internal Audit Charter, Policy and Procedure-Overpayment or Underpayment of Member Contributions. · Discussion and action to recommend a technical amendment of the Policy Regarding the Procurement and Contracting of Goods and Services. · Discussion and action on the 2026 Federated Board Self-Assessment, presented by Aon.   Action details Not available
14-11286 1b. ItemMinutes of Joint Governance Committee meeting from June 17, 2026. Receive and file.   Action details Not available
14-11287 1c. ItemDiscussion and action to approve the updated Board Education Policy.   Action details Not available
14-11288 1d. ItemDiscussion and action to approve the updated CEO Charter.   Action details Not available
14-11289 1e. ItemDiscussion and action to approve the updated CIO Charter.   Action details Not available
14-11256 1a. ItemOral update from the Chair of the Disability Committee.   Action details Not available
14-11258 1a. ItemOral update from the Vice Chair of the Joint Personnel Committee.   Action details Not available
14-11259 1a. ItemOral update from the Joint Budget Ad Hoc Committee.   Action details Not available
14-11246 1a. Education & TrainingCALAPRS 2026 Program Calendar.   Action details Not available
14-11245 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Action details Not available
14-11247 1c. Education & TrainingSACRS Annual Fall Conference 2026, Rancho Mirage, CA, November 10 - 13, 2026.   Action details Not available
14-11343 1d. Education & TrainingCALAPRS Advanced Course in Retirement Plan Administration, San Jose, CA, December 2 - 4, 2026.   Action details Not available