Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 11/20/2025 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 Published minutes: Minutes Minutes Meeting Extra1: FCERS Board 11.20.25 Audio  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-9962 1a. ItemPresentation of a commendation to Prachi Avasthy for her service as Trustee to the Federated City Employees’ Retirement Systems Board of Administration.   Action details Not available
14-9872 1a. Service RetirementRonald James Davis II, Building Inspection Manager, Planning, Building and Code Enforcement, effective November 27, 2025; 10.37* years of service.   Action details Not available
14-9894 1b. Service RetirementSuttipong Faiwongjun, Code Enforcement Inspector II, Planning, Building and Code Enforcement, effective December 6, 2025; 17.31* years of service.   Action details Not available
14-9947 1c. Service RetirementGina R. Johnson McNairnie, Public Safety Communication Specialist, Police Department, effective December 6, 2025; 19.89* years of service.   Action details Not available
14-9868 1d. Service RetirementPenny Muraoka, Senior Police Data Specialist, Police Department, effective November 21, 2025; 22.33* years of service.   Action details Not available
14-9878 1e. Service RetirementMathew Nguyen, Deputy Director, Public Works Department, effective November 8, 2025; 27.36* years of service.   Action details Not available
14-9877 1f. ItemHarpal Singh, Senior Accountant, Environmental Services Department, effective November 22, 2025; 36.64* years of service.   Action details Not available
14-9867 1a. Early RetirementDolan E. Beckel, Director of City Manager’s Office, City Manager’s Office, effective November 22, 2025; 7.15* years of service.   Action details Not available
14-9882 1a. Deferred VestedEdward C. Crump, Building Inspector Combination Certified, Public Works Department, effective October 17, 2025; 6.02* years of service.   Action details Not available
14-9960 1b. Deferred VestedColleen V. Hy, Senior Accountant, Office of Retirement Services, effective December 14, 2025; 5.34* years of service.   Action details Not available
14-9957 1c. Deferred VestedEdwin R. Miranda, Code Enforcement Inspector I, Planning, Building, and Code Enforcement, effective December 2, 2025, 2025; 7.38* years of service. (With Reciprocity - 1.95 CSJ + 4.95 PERS + 0.47 SJCERA = 7.38 YOS)   Action details Not available
14-9954 1d. Deferred VestedLisa R. Petersen, Police Data Specialist II, Police Department, effective December 13, 2025; 13.11* years of service.   Action details Not available
14-9870 1e. Deferred VestedAlice D. Ringer, Environmental Services Specialist, Environmental Services Department, effective November 9, 2025; 9.65* years of service. (With Reciprocity - 7.40 CSJ + 2.25 PERS = 9.65 YOS)   Action details Not available
14-9859 1a. Board Minutes ApprovalApproval of the Board Minutes of October 16, 2025.   Action details Not available
14-9860 1a. Return ContributionsVoluntary | Involuntary   Action details Not available
14-9861 1a. Communication and Information ReportReport of the Monthly Board Expenses for September 2025. Receive and file.   Action details Not available
14-9902 1b. Communication and Information ReportQ1 FY 2025-2026 Budget to Actual Quarterly Budget Report.   Action details Not available
14-9871 1c. Communication and Information ReportORS’s Quarterly Newsletter - The Retirement Connection: October 2025 Edition.   Action details Not available
14-9830 1d. Communication and Information ReportNotification of Educational Travel: Matthew Faulkner, Trustee · Neuberger Berman Secondary Private Equity Insights Luncheon, OMNI San Francisco, October 29, 2025.   Action details Not available
14-9938 1e. Communication and Information ReportEducational Travel Reports: CALAPRS Virtual Compliance Roundtable, October 17, 2025 by Deborah Abbott.   Action details Not available
14-9948 1f. Communication and Information ReportNotification to Board pursuant to Paragraph 37 of CEO Charter: Service Order Agreement with Alliance Resource Consulting LLC entered into by CEO on behalf of Federated with a not-to exceed of $41,000, shared 50/50 with Police and Fire Plan.   Action details Not available
14-9956 1g. Communication and Information ReportAnurag Chandra, Vice Chair Self-study materials listed below for a total cost of $49.99 per month, pursuant to Paragraph 5(f) of the Federated Board Education Policy: · Monthly Subscription to the Wall Street Journal   Action details Not available
14-9944 1a. Travel/Conference AttendancePrabhu Palani, CIO · 11th Annual Stanford Family Office Investor Forum, Stanford University, Stanford, CA, November 11 - 12, 2025.   Action details Not available
14-9945 1a. Travel/Conference AttendanceJohn Flynn, CEO · CALAPRS Administrators Institute 2025, The Quail Lodge, Carmel, CA, September 24 - 26, 2025.   Action details Not available
14-9848 1a. InvestmentsOral update from the CIO of Retirement Services, Prabhu Palani.   Action details Not available
14-9849 1a. ItemOral update from the CEO of Retirement Services, John Flynn.   Action details Not available
14-9850 1b. ItemOral update from the City Council Liaison to the Board.   Action details Not available
14-9844 1c. ItemDiscussion on Preliminary Valuation Results as of June 30, 2025, presented by Cheiron.   Action details Not available
14-9845 1d. ItemDiscussion and action on assumptions for the OPEB June 30, 2025, actuarial valuation to be presented by Cheiron.   Action details Not available
14-9847 1e. ItemNominations for the positions of Board Chair for calendar year 2026.   Action details Not available
14-9846 1f. ItemNomination for the position of Board Vice-Chair for calendar year 2026.   Action details Not available
14-9851 1a. ItemOral update from the Chair of the Investment Committee.   Action details Not available
14-9852 1a. ItemOral update from the Chair of the Audit/Risk Committee. · Discussion and action regarding communication to the Board of Administration of the City of San Jose Police and Fire Department Retirement Plan and the Federated City Employees’ Retirement System from Macias Gini & O’Connell (MGO), the Plan’s external auditor: 1. Independent auditor’s report on the internal control over financial reporting, compliance and other matters based on an Audit of Financial Statements performed. 2. Independent auditor’s Management Letter comments and recommendations regarding audit findings. · Discussion and action on the approval of the Federated City Employees’ Retirement System’s and the Police and Fire Department Retirement Plan’s Annual Comprehensive Financial Reports for the Fiscal Year 2024-2025. · Discussion on the status of the outstanding City Auditor recommendations. · Discussion and action on the status of the outstanding Internal Audit recommendations. · Discussion on the status of the FY 2024 financial audit recommendations. · Discussion on status of outstanding Penetration testing reco   Action details Not available
14-9884 1b. ItemMinutes of the September 3, 2025 Joint Audit Committee meeting. Receive and file.   Action details Not available
14-9856 1c. ItemDiscussion and action regarding communication to the Board of Administration of the City of San Jose Federated City Employees’ Retirement System from Macias Gini & O’Connell (MGO), the Plan’s external auditor: 1. Independent auditor’s report on the internal control over financial reporting, compliance and other matters based on an Audit of Financial Statements performed. 2. Independent auditor’s Management Letter comments and recommendations regarding audit findings.   Action details Not available
14-9857 1d. ItemDiscussion and action on the approval of the Federated City Employees’ Retirement System’s Annual Comprehensive Financial Reports for the Fiscal Year 2024-2025.   Action details Not available
14-9943 1e. ItemDiscussion and action to accept 8 internal audit recommendations as “Complete” in the absence of an internal auditor.   Action details Not available
14-9853 1a. ItemOral update from the Chair of the Governance Committee.   Action details Not available
14-9854 1a. ItemOral update from the Chair of the Disability Committee.   Action details Not available
14-9855 1a. ItemOral update from the Chair of the Joint Personnel Committee. · Presentation by Alliance Resource Consulting, LLC.   Action details Not available
14-9883 1b. ItemMinutes from the October 6, 2025 Joint Personnel Committee meeting. Receive and file.   Action details Not available
14-9858 1a. ItemOral update from the Joint Personnel Adhoc Committee.   Action details Not available
14-9863 1a. Education & TrainingCALAPRS 2025 Program Calendar.   Action details Not available
14-9862 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Action details Not available
14-9864 1c. Education & TrainingCALAPRS Advanced Course in Retirement Plan Administration, Avenue of the Arts Costa Mesa, Costa Mesa, CA, December 3 - 5, 2025.   Action details Not available
14-9865 1d. Education & TrainingCALAPRS Virtual Benefits Roundtable, December 11, 2025.   Action details Not available