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Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Police & Fire Department Retirement Plan and Health Care Trust Agenda status: Final
Meeting date/time: 3/18/2026 9:00 AM Minutes status: Draft  
Meeting location: 1737 N. First St. Suite 580, San Jose, CA 95112
Published agenda: Agenda Agenda Accessible Agenda Accessible Agenda Published minutes: Not available Meeting Extra1: Not available  
Agenda packet: Not available
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-10542 1a. ItemDiscussion and action on the Resolution Recognizing Prabhu Palani for His Service as Chief Investment Officer to the San José Police and Fire Department Retirement System and approval of Resolution No. 4848.   Not available Not available
14-10471 1a. SCD - ApprovedCarli Avery, Police Officer, Police Department, Request for Service-Connected Disability Retirement, effective August 27, 2025; 17.78* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10472 1b. SCD - ApprovedJoseph Desroches, Police Officer, Police Department, Request for Service-Connected Disability Retirement, effective May 9, 2026; 4.63* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10473 1c. SCD - ApprovedPaulo Paredes, Police Officer, Police Department, Request for Service-Connected Disability Retirement, effective January 31, 2026; 16.23* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10474 1a. Status Change SCD - ApprovedVictor Velasquez, Fire Captain, Fire Department, Request for Change of Status to Service-Connected Disability Retirement, effective January 7, 2023; 25.04* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10475 1a. Board Minutes ApprovalApproval of the Board Minutes of February 18, 2026.   Not available Not available
14-10476 1a. Travel/Conference AttendanceDavid Kwan, Trustee · CALAPRS General Assembly 2026, March 8-11, 2026, Carlsbad, CA.   Not available Not available
14-10477 1b. Travel/Conference AttendanceJohn Flynn · CALAPRS Virtual HR Round Table, February 27, 2026. · PRISM 2026 Conference, San Diego CA, May 17-20, 2026.   Not available Not available
14-10479 1a. Communication and Information ReportPolice and Fire Department Retirement Plan Dashboard.   Not available Not available
14-10480 1b. Communication and Information ReportReport of the Monthly Board Expenses for January 2026. Receive and file.   Not available Not available
14-10481 1c. Communication and Information ReportApproval of the Q3 2025 travel and attendance report for the Police and Fire Department Retirement Plan.   Not available Not available
14-10482 1d. Communication and Information ReportApproval of the Q4 2025 travel and attendance report for the Police and Fire Department Retirement Plan.   Not available Not available
14-10483 1e. Communication and Information ReportRequest for Consideration of Reasonably Good Cause.   Not available Not available
14-10484 1a. Education & TrainingCALAPRS 2025 Program Calendar.   Not available Not available
14-10489 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Not available Not available
14-10490 1c. Education & TrainingCALAPRS Virtual Compliance Round Table, March 27, 2026.   Not available Not available
14-10491 1d. Education & TrainingThe 20th Edition of With Intelligence The Annual, Los Angeles, CA , April 20-22, 2026.   Not available Not available
14-10492 1e. Education & TrainingSACRS Spring Conference 2026, Olympic Valley, CA, May 12 - 15, 2026.   Not available Not available
14-10493 1f. Education & TrainingNCPERS Trustee Educational Seminars (TEDS), Las Vegas, NV, May 16 - 17, 2026.   Not available Not available
14-10494 1g. Education & TrainingNCPERS The Annual Conference & Exhibition (ACE), Las Vegas, NV, May 17 - 20, 2026.   Not available Not available
14-10495 1a. Alternate BeneficiaryApproval of Alternate Payee Benefit election of Unreduced Retirement Option to be paid to Carrie Moutzouridis, ex-spouse of Police Officer, John Moutzouridis to be effective March 20, 2026 under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Not available Not available
14-10497 1b. InvestmentsPresentation of Calendar 3rd Quarter 2025 Private Equity report by Neuberger Berman.   Not available Not available
14-10498 1c. InvestmentsPresentation of Calendar 3rd Quarter 2025 Private markets report by Meketa Investment Group.   Not available Not available
14-10499 1d. InvestmentsPresentation of Calendar 4th Quarter 2025 Performance report for Pension Plan by Meketa Investment Group.   Not available Not available
14-10500 1e. InvestmentsPresentation of Calendar 4th Quarter 2025 Performance report for Health Care Trust by Meketa Investment Group.   Not available Not available
14-10501 1f. InvestmentsDiscussion and action regarding the prefunding of the City’s retirement contribution.   Not available Not available
14-10502 1a. ItemOral update by CEO, John Flynn.   Not available Not available
14-10503 1b. ItemOral update from the City Council Liaison to the Board.   Not available Not available
14-10541 1c. ItemDiscussion and action to approve and for the Chair to execute the employment contract negotiated by designated labor negotiators for the new Chief Investment Officer.   Not available Not available
14-10504 1d. ItemDiscussion and action on approval of the Strategic Plan - Workshop and Presentation by Aon.   Not available Not available
14-10505 1e. ItemDiscussion and action on adoption of updated City Policy Manual #1.8.1 - Use of City and Personal Vehicles Policy with Revised Date of February 27, 2026, for ORS Operations, approved by City on February 27, 2026.   Not available Not available
14-10506 1f. ItemDiscussion and action on adoption of updated City Policy Manual #4.2.2 - Military Leave Policy with Revised Date of February 27, 2026, for ORS Operations, approved by City on February 27, 2026.   Not available Not available
14-10507 1g. ItemDiscussion and action on adoption of updated City Policy Manual #5.1.5 - Food and Beverage Expenditure (Non-Travel) Policy with Revised Date of March 3, 2026, for ORS Operations, approved by City on March 3, 2026.   Not available Not available
14-10525 1h. ItemDiscussion and action on adoption of updated City Policy Manual 5.1.2 - Procurement Card (P-Card) Policy with Revised Date of February 18, 2026, for ORS Operations, approved by City on February 18, 2026.   Not available Not available
14-10508 1a. Service RetirementCarl L. Purnell, Police Officer, Police Department, effective April 11, 2026; 26.42* years of service.   Not available Not available
14-10509 1a. Deferred VestedAlfredo M. Guarducci, Police Sergeant, Police Department, effective March 22, 2026; 24.11* years of service. (With Reciprocity - 18.53 CSJ YOS + 5.58 PERS YOS)   Not available Not available
14-10510 1b. Deferred VestedJeffrey B. Perez, Fire Engineer, Fire Department, effective March 21, 2026; 22.43* years of service.   Not available Not available
14-10516 1a. Committees/Reports/RecommendationsOral update from the Chair of the Investment Committee.   Not available Not available
14-10517 1b. Committees/Reports/RecommendationsMinutes of the Investment Committee meeting from December 16, 2025. Receive and file.   Not available Not available
14-10518 1a. Committees/Reports/RecommendationsOral update from the Chair of the Audit/Risk Committee. · Approval of the Q3 2025 travel and attendance report for the Police and Fire Department Retirement Plan. · Approval of the Q4 2025 travel and attendance report for the Police and Fire Department Retirement Plan. · Nomination and Election of Audit Committee Vice Chairs. · Introduction of Audit Consultant - Baker Tilly. · Discussion and action on the Risk Assessment Overview and Timeline by Baker Tilly. · Discussion of MGO’s FY2025 Observation #1 - Completeness and Accuracy of Participant Census Data. · Discussion and action on the status of the outstanding Internal Audit recommendations. · Discussion on status of outstanding Penetration testing recommendations.   Not available Not available
14-10519 1b. Committees/Reports/RecommendationsMinutes of the Audit Committee meeting from October 30, 2025. Receive and file.   Not available Not available
14-10520 1c. Committees/Reports/RecommendationsDiscussion and action to accept 7 internal audit recommendations as “Complete” in the absence of an internal auditor.   Not available Not available
14-10521 1a. Committees/Reports/RecommendationsOral update from the Chair of the Governance Committee.   Not available Not available
14-10522 1a. Committees/Reports/RecommendationsOral update from the Chair of the Disability Committee.   Not available Not available
14-10523 1b. Committees/Reports/RecommendationsMinutes of the Disability Committee meeting from February 9, 2026. Receive and file.   Not available Not available
14-10524 1a. Committees/Reports/RecommendationsOral update from the Vice-Chair of the Joint Personnel Committee.   Not available Not available