Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.
Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final-revised
Meeting date/time: 12/18/2025 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 Published minutes: Not available Meeting Extra1: Not available  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-10016 1a. Service RetirementRyan M. Buckert, Public Safety Communications Specialist, Police Department, effective December 27, 2025; 30.01* years of service.   Not available Not available
14-10082 1b. Service RetirementSean Kanemoto, Maintenance Worker I, Parks, Recreation, and Neighborhood Service, effective November 17, 2025; 8.73* years of service.   Not available Not available
14-10092 1c. Service RetirementSun Min Lee, Library Assistant, Library Department, effective January 17, 2026; 30.09* years of service.   Not available Not available
14-10081 1d. Service RetirementArmand Nascimento, Building Inspector Combination Certified Senior, Public Works Department, effective January 17, 2026; 26.78* years of service.   Not available Not available
14-10009 1e. Service RetirementLillian L. Nguyen, Senior Accountant, Environmental Services Department, effective December 20, 2025; 34.17* years of service.   Not available Not available
14-10090 1a. Deferred VestedFalguni N. Amin, Engineer II, Public Works Department, effective December 30, 2025; 28.34* years of service. (With Reciprocity - 5.47 CSJ + 22.87 PERS = 28.34 YOS)   Not available Not available
14-10086 1b. Deferred VestedDorselle D. Bowles, Senior System Application Programmer, Information Technology Department, effective December 31, 2025; 30.38* years of service. (With Reciprocity - 5.36 CSJ + 25.02 PERS = 30.38 YOS)   Not available Not available
14-10088 1c. Deferred VestedPankti S. Clerk, Planner II, Planning, Building, and Code Enforcement, effective January 17, 2026; 5.90* years of service.   Not available Not available
14-10013 1d. Deferred VestedKelly A. Doyle, Associate Transportation Specialist, Department of Transportation, effective December 30, 2025; 30.91* years of service. (With Reciprocity - 15.52 CSJ + 15.39 PERS = 30.91 YOS)   Not available Not available
14-10010 1e. Deferred VestedGaurav Garg, Deputy Director, Information Technology Department, effective December 6, 2025; 41.47* years of service. (With Reciprocity - 0.90 CSJ + 40.57 PERS = 41.47 YOS)   Not available Not available
14-10087 1f. Deferred VestedDeborah M. Gregg, Senior Crime & Intelligence Analyst, Police Department, effective December 13, 2025; 8.50* years of service.   Not available Not available
14-10006 1g. Deferred VestedFreddie L. Mullins, Custodian, Convention/Arts/Entertainment, effective November 29, 2025; 9.85* years of service. (With Reciprocity - 4.79 CSJ + 5.02 PERS = 9.85 YOS)   Not available Not available
14-10085 1h. Deferred VestedCarlotta Royal, Public Safety Communication Specialist, Police Department, effective December 30, 2025; 35.16 * years of service. (With Reciprocity - 10.31 CSJ + 24.85 PERS = 35.16 YOS)   Not available Not available
14-10089 1i. Deferred VestedCindy Safe, Analyst II, Parks, Recreation, and Neighborhood Services, effective December 31, 2025; 18.05* years of service. (With Reciprocity - 4.29 CSJ + 13.75 PERS = 18.05 YOS)   Not available Not available
14-9980 1a. Board Minutes ApprovalApproval of the Board Minutes of November 20, 2025.   Not available Not available
14-9983 1a. Return ContributionsVoluntary | Involuntary   Not available Not available
14-9984 1a. Communication and Information ReportReport of the Monthly Board Expenses for October and November 2025. Receive and file.   Not available Not available
14-10018 1b. Communication and Information ReportApproval of Federated City Employees’ Retirement Plan’s Popular Annual Financial Report (PAFR) for year ended June 30, 2025.   Not available Not available
14-10091 1a. Travel/Conference AttendanceJohn Flynn, CEO · NCPERS Accredited Fiduciary (NAF) Program (Module 1 & 2), Hollywood, FL, October 25 - 26, 2025.   Not available Not available
14-10100 1b. Travel/Conference Attendance· NCPERS Fall Conference, Hollywood Beach Resort, Hollywood, FL, October 26 - 29, 2025.   Not available Not available
14-9985 1a. InvestmentsOral update from the CIO of Retirement Services, Prabhu Palani.   Not available Not available
14-10077 1b. InvestmentsPresentation of Calendar 2nd Quarter 2025 Private Equity report by Neuberger Berman.   Not available Not available
14-10078 1c. InvestmentsPresentation of Calendar 2nd Quarter 2025 Private markets report by Meketa Investment Group.   Not available Not available
14-10079 1d. InvestmentsPresentation of Calendar 3rd Quarter 2025 Performance report for Pension Plan by Meketa Investment Group.   Not available Not available
14-10080 1e. InvestmentsPresentation of Calendar 3rd Quarter 2025 Performance report for Health Care Trust by Meketa Investment Group.   Not available Not available
14-9986 1a. ItemOral update from the CEO of Retirement Services, John Flynn.   Not available Not available
14-9987 1b. ItemOral update from the City Council Liaison to the Board.   Not available Not available
14-9972 1c. ItemDiscussion on preliminary results for the June 30, 2025, OPEB Valuation to be presented by Cheiron.   Not available Not available
14-9974 1d. ItemDiscussion and action on the final results for the June 30, 2025, Actuarial Valuation to be presented by Cheiron.   Not available Not available
14-9979 1e. ItemElection of Chair of Board. o Chair Nominee § Spencer Horowitz   Not available Not available
14-9978 1f. ItemElection of Vice Chair of Board. o Vice Chair Nominees § Anurag Chandra § Matthew Faulkner   Not available Not available
14-9988 1a. ItemOral update from the Chair of the Investment Committee.   Not available Not available
14-10101 1b. ItemMinutes of the Federated Investment Committee meeting from September 8, 2025. Receive and file.   Not available Not available
14-9989 1a. ItemOral update from the Chair of the Audit/Risk Committee.   Not available Not available
14-9990 1a. ItemOral update from the Chair of the Governance Committee. · Discussion on term limits for committee assignments, including committee chairs. · Discussion and action on updates to the Board Operations Policy. · Discussion and action on the Trustee Educational Travel Policy. · Discussion on the Strategic Planning project status - Oral update by Aon.   Not available Not available
14-10094 1b. ItemMinutes of the Governance Committee meeting from August 7, 2025. Receive and file.   Not available Not available
14-10003 1a. ItemOral update from the Chair of the Disability Committee.   Not available Not available
14-10093 1b. ItemMinutes of the Federated Disability Committee meeting from September 2, 2025. Receive and file.   Not available Not available
14-10004 1a. ItemOral update from the Chair of the Joint Personnel Committee.   Not available Not available
14-10099 1b. ItemMinutes of the Joint Personnel Committee meeting from October 24, 2025. Receive and file.   Not available Not available
14-10005 1a. ItemOral update from the Joint Personnel Adhoc Committee.   Not available Not available
14-10007 1a. Education & TrainingQuarterly Trustee Education Opportunities Report.   Not available Not available
14-10008 1b. Education & TrainingCALAPRS 2025 Program Calendar.   Not available Not available
14-10011 1c. Education & TrainingNCPERS 2026 Legislative Conference & Policy Day, Capitol Hill, Washington, DC, January 26 - 28, 2026.   Not available Not available
14-10012 1d. Education & TrainingCALAPRS General Assembly 2026, The Westin Carlsbad Resort & Spa, Carlsbad, CA, March 8 - 11, 2026.   Not available Not available