Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 9/17/2026 8:30 AM Minutes status: Draft  
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: Not available Meeting Extra1: Not available Meeting Extra2: Not available Meeting Extra3: Not available  
Agenda packet: Not available
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-11170 1A. ItemCLOSED SESSION: CONFERENCE WITH LABOR NEGOTIATOR PURSUANT TO GOVERNMENT CODE SECTION 54957.6(a). Designated Labor Negotiator: Spencer Horowitz, Board Chair. Unrepresented employees: Chief Executive Officer.   Not available Not available
14-11171 1B. ItemCLOSED SESSION: CONFERENCE WITH LABOR NEGOTIATOR PURSUANT TO GOVERNMENT CODE SECTION 54957.6(a). Designated Labor Negotiator: Anurag Chandra, Investment Committee Chair. Unrepresented employees: Chief Investment Officer.   Not available Not available
14-11239 1C. ItemCLOSED SESSION: CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION: Significant exposure to litigation pursuant to Section 54956.9(d)(2): One Case.   Not available Not available
14-11135 1a. Service RetirementEddie Aubrey, Independent Police Auditor, Independent Police Auditor, effective September 2, 2026; 10.65* years of service. (8.31 PERS + 2.33 CSJ = 10.65 YOS)   Not available Not available
14-11108 1b. Service RetirementStephen Cameron, Park Maintenance Repair Worker II, Parks, Recreation and Neighborhood Services, effective September 26, 2026; 12.19* years of service.   Not available Not available
14-11173 1c. Service RetirementRobert R. Castaneda Jr., Police Radio Dispatcher, Police Department, effective October 10, 2026; 17.88* years of service.   Not available Not available
14-11128 1d. Service RetirementMark E. Kiehl, Air Service Development Manager, Airport Department, effective October 3, 2026; 12.51* years of service.   Not available Not available
14-11139 1e. Service RetirementJose Vazquez, Wastewater Operator Foreperson II, Environmental Services Department, effective October 10, 2026; 25.88* years of service.   Not available Not available
14-11218 1a. Early RetirementKate Handford, Executive Office Administrator, City Manager’s Office, effective October 10, 2026; 10.52* years of service.   Not available Not available
14-11130 1a. Deferred VestedJoseph Barboa, Maintenance Worker II, Department of Transportation, effective October 3, 2026; 18.80* years of service. (15.34 CSJ + 3.46 StanCERA = 18.80 YOS)   Not available Not available
14-11132 1b. Deferred VestedAlfred Buzo, Council Policy & Legislative Director, City Clerk’s Office, effective September 1, 2026; 9.40* years of service.   Not available Not available
14-11185 1c. Deferred VestedRonald Q. Coquia, Supervising Application Analyst, Airport Department, effective October 6, 2026; 15.70* years of service.   Not available Not available
14-11184 1d. Deferred VestedHeba El Guindy, Senior Transportation Specialist, Department of Transportation, effective August 16, 2026; 9.17* years of service. (1.41 CSJ + 7.76 PERS = 9.17 YOS)   Not available Not available
14-11134 1e. Deferred VestedStephanie L. Molloy, Supervising Environmental Services Specialist, Environmental Services Department, effective August 25, 2026; 8.02* years of service. (2.89 CSJ + 5.20 PERS = 8.02 YOS)   Not available Not available
14-11131 1f. Deferred VestedJarae Lynn Neumann, Police Data Specialist II, Police Department, effective August 21, 2026; 10.88* years of service.   Not available Not available
14-11109 1g. Deferred VestedCristina Pena, Engineer II, Environmental Services Department, effective September 26, 2026; 26.78* years of service. (1.43 CSJ + 25.34 PERS = 26.78 YOS)   Not available Not available
14-11226 1h. Deferred VestedKeith E. Van Gastel, Building Inspector Supervisor, Certified II, Planning, Building and Code Enforcement, effective October 10, 2026; 13.02* years of service.   Not available Not available
14-11114 1a. Board Minutes ApprovalApproval of the Board Minutes of August 20, 2026.   Not available Not available
14-11115 1a. Return ContributionsVoluntary | Involuntary   Not available Not available
14-11232 1a. Communication and Information ReportFY2027 Q1 - Vision’31 Quarterly Report. Receive and file.   Not available Not available
14-11116 1b. Communication and Information ReportReport of the Monthly Board Expenses for July 2026. Receive and file.   Not available Not available
14-11141 1c. Consent CalendarStatement of Work for Investment Manager Reconciliation Audit with Baker Tilly.   Not available Not available
14-11142 1d. Consent CalendarAdoption of updated City Policies related to Finance-Purchasing.   Not available Not available
14-11129 1e. Communication and Information ReportEducational Travel Reports: · Opal Group Public Funds Summit East, July 27-29, 2026 by Matthew Faulkner.   Not available Not available
14-11180 1a. Travel/Conference AttendanceBrian Chi, Trustee · CALAPRS Virtual Trustees Roundtable, October 2, 2026.   Not available Not available
14-11231 1b. Travel/Conference AttendanceMatthew Faulkner, Vice Chair · MarketsGroup 10th Annual Real Estate West Forum, Half Moon Bay, CA, October 13-14, 2026.   Not available Not available
14-11172 1c. Communication and Information ReportReimbursements · Opal Group Public Funds Summit East, Newport, RI, July 27-29, 2026 - Matthew Faulkner.   Not available Not available
14-11117 1a. InvestmentsOral update from the CIO of Retirement Services, Jay Kwon.   Not available Not available
14-11174 1b. InvestmentsPresentation of Calendar 1st Quarter 2026 private equity report by Neuberger Berman.   Not available Not available
14-11175 1c. InvestmentsPresentation of Calendar 1st Quarter 2026 private markets report by Meketa Investment Group.   Not available Not available
14-11176 1d. InvestmentsPresentation of Calendar 2nd Quarter 2026 performance report for Pension Plan by Meketa Investment Group.   Not available Not available
14-11177 1e. InvestmentsPresentation of Calendar 2nd Quarter 2026 performance report for Healthcare Trust by Meketa Investment Group.   Not available Not available
14-11178 1f. InvestmentsDiscussion and action on the strategic asset allocation by Meketa Investment Group.   Not available Not available
14-11216 1g. InvestmentsDiscussion and action on benchmarking for Multi-Sector Bonds, revisions to the Asset Allocation section of the Investment Policy Statement and Resolution number 9135.   Not available Not available
14-11179 1h. InvestmentsPresentation of the Investment Fee Report for Calendar Year 2025 by the Investment Staff.   Not available Not available
14-11119 1a. ItemOral update from the CEO of Retirement Services, John Flynn.   Not available Not available
14-11120 1b. ItemOral update from the City Council Liaison to the Board.   Not available Not available
14-11137 1c. ItemDiscussion and action on award of a merit increase, effective the first pay period in FY 2026-2027, and additional 2027 executive day(s) for the Chief Executive Officer position.   Not available Not available
14-11138 1d. ItemDiscussion and action on award of additional 2027 executive day(s) for the Chief Investment Officer position.   Not available Not available
14-11241 1e. ItemDiscussion and action on number of trustees necessary to carry a motion on an agendized item where only a quorum is present.   Not available Not available
14-11233 1f. ItemDiscussion and action of standing committee assignments.   Not available Not available
14-11143 1g. ItemDiscussion and action on Strategic Initiative 4.1.2 MemberDirect Modernization, presentation by Sandra Castellano and staff.   Not available Not available
14-11072 1h. ItemDiscussion and action on AI Governance at ORS, presentation by John Flynn, CEO.   Not available Not available
14-11237 1i. ItemDiscussion and action on adoption of updated City Policy Manual #1.7.12 - Artificial Intelligence (AI) Policy.   Not available Not available
14-11121 1a. ItemOral update from the Chair of the Investment Committee.   Not available Not available
14-11122 1a. ItemOral update from the Chair of the Audit/Risk Committee. · Approval of the Q2 2026 travel and attendance report for the Federated City Employee’s Retirement System. · Discussion on proposed revisions to the Police and Fire Department Retirement Plan and Federated City Employees’ Retirement System Internal Audit Charter. · Discussion and action on the updated FY 2026-2027 audit plan. · Discussion on the status of outstanding Internal Audit recommendations.   Not available Not available
14-11123 1b. ItemMinutes from May 21, 2026 Joint Audit Committee meeting. Receive and file.   Not available Not available
14-11140 1c. ItemDiscussion and action on the updated FY 2026-2027 audit plan.   Not available Not available
14-11126 1a. ItemOral update from the Chair of the Governance Committee.   Not available Not available
14-11124 1a. ItemOral update from the Chair of the Disability Committee.   Not available Not available
14-11125 1a. ItemOral update from the Vice Chair of the Joint Personnel Committee. · Discussion and action on the Investment Team Compensation recommendation. · Discussion and action to provide direction to the staff on the Legal Services Assessment. · Final Discussion and action to provide direction to the staff on the Communications Function Assessment.   Not available Not available
14-11225 1b. ItemMinutes of the April 1, 2026 Joint Personnel Committee meeting. Receive and file.   Not available Not available
14-11127 1a. ItemOral update from the Joint Budget Ad Hoc Committee.   Not available Not available
14-11111 1a. Education & TrainingCALAPRS 2026 Program Calendar.   Not available Not available
14-11110 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Not available Not available
14-11217 1c. Education & TrainingCALAPRS Virtual Trustees Roundtable, October 2, 2026.   Not available Not available
14-11112 1d. Education & TrainingNCPERS Fiduciary in Focus Workshop, Nashville, TN, October 24-25, 2026.   Not available Not available
14-11113 1e. Education & TrainingSACRS Annual Fall Conference 2026, Rancho Mirage, CA, November 10-13, 2026.   Not available Not available