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14-9102
| 1 | a. | | Item | CLOSED SESSION: THREAT TO PUBLIC SERVICES OR FACILITIES Consultation with: City of San José Chief Privacy Officer and Cybersecurity Analyst pursuant to Government Code section 54957(a). | | |
Action details
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Not available
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14-9100
| 1 | a. | | Service Retirement | Connie K. Dinh, Analyst II, Information Technology Department, effective April 26, 2025; 30.01* years of service. | | |
Action details
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Not available
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14-9108
| 1 | b. | | Service Retirement | Dessu Endeshaw, Senior Account Clerk, Clean Energy Department, effective March 29, 2025; 24.55* years of service. | | |
Action details
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Not available
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14-9121
| 1 | c. | | Deferred Vested | Elizabeth Neves, Supervising Environmental Services Specialist, Environmental Services Department, effective May 10, 2025; 20.82* years of service. | | |
Action details
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Not available
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14-9122
| 1 | d. | | Service Retirement | Tamara S. Ponce, Account Clerk II, Parks, Recreation and Neighborhood Services, effective May 10, 2025; 17.84* years of service. | | |
Action details
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Not available
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14-9124
| 1 | e. | | Service Retirement | Sandra L. Quintana, Legal Analyst II, City Attorney’s Office, effective May 10, 2025; 6.97* years of service. | | |
Action details
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Not available
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14-9084
| 1 | f. | | Service Retirement | Juan J. Rayas, Maintenance Worker II, Department of Transportation, effective March 29, 2025; 17.59* years of service. | | |
Action details
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Not available
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14-9111
| 1 | g. | | Service Retirement | Michael C. Shuck, Heavy Equipment Operator, Environmental Services Department, effective May 1, 2025; 11.08* years of service. | | |
Action details
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Not available
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14-9120
| 1 | a. | | Early Retirement | Yvette Marchand, Community Service Officer II, Police Department, effective April 12, 2025; 10.71* years of service. | | |
Action details
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Not available
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14-9051
| 1 | a. | | Deferred Vested | Stephen R. Ancar, Associate Engineer, Fire Department, effective March 7, 2025; 10.04* years of service. | | |
Action details
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Not available
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14-9119
| 1 | b. | | Early Retirement | Michael Dominguez, Maintenance Worker II, Department of Transportation, effective February 11, 2025; 7.60* years of service. | | |
Action details
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Not available
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14-9112
| 1 | c. | | Deferred Vested | Janice M. Eckles, Senior Analyst, Parks, Recreation and Neighborhood Services, effective May 9, 2025; 6.58* years of service. | | |
Action details
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Not available
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14-9114
| 1 | d. | | Deferred Vested | Robert J. Forester, Airport Operations Manager, Airport Department, effective May 2, 2025; 9.23* years of service. | | |
Action details
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Not available
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14-9050
| 1 | e. | | Deferred Vested | Lyle G. Frohman, Senior Engineering Technician, Environmental Services Department, effective March 10, 2025; 6.07* years of service. | | |
Action details
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Not available
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14-9123
| 1 | f. | | Deferred Vested | Marciano R. Lleverino, Gerontology Specialist, Parks, Recreation and Neighborhood Services, effective May 11, 2025; 6.23* years of service. | | |
Action details
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Not available
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14-9113
| 1 | g. | | Deferred Vested | Ramon Macalisang, Program Manager, Airport Department, effective May 8, 2025; 10.42* years of service. | | |
Action details
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Not available
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14-9109
| 1 | h. | | Deferred Vested | Earl J. Sgambati III, Network Engineer, Information Technology Department, effective April 26, 2025; 30.82* years of service. (With Reciprocity - 20.82 CSJ + 10.00 PERS = 30.82 YOS) | | |
Action details
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Not available
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14-9004
| 1 | a. | | Board Minutes Approval | Approval of the Board Minutes of March 20, 2025. | | |
Action details
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Not available
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14-9005
| 1 | a. | | Return Contributions | Voluntary | Involuntary | | |
Action details
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Not available
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14-9131
| 1 | a. | | Travel/Conference Attendance | Mathew Faulkner, Trustee
· Public Funds Summit East 2025, Newport Marriott, Newport, RI, July 21 - 23, 2025. | | |
Action details
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Not available
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14-9087
| 1 | b. | | Communication/Information Report | Prabhu Palani, CIO
· AI x Institutional Investing LP Summit, Hillsborough, CA, April 17, 2025.
· Public Fund Roundtable 2025, Beverly Hilton, Los Angeles, CA, April 28 - 30, 2025.
· Milken Institute Global Conference 2025, Beverly Hilton, Los Angeles, CA May 4 - 7, 2025. | | |
Action details
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Not available
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14-9044
| 1 | c. | | Communication/Information Report | Reimbursements
· CALAPRS Annual General Assembly 2025, Silverado Resort, Napa, CA, March 2 - 5, 2025 - John Flynn.
· CALAPRS General Assembly 2025, Silverado Resort, Napa, CA, March 2 - 5, 2025 - Mark Linder.
· Equity Summit 2025, Tommy Bahama Miramonte Resort & Spa, Indian Wells, CA, March 18 - 20, 2025 - Anurag Chandra.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - Deborah Abbott.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - Anurag Chandra.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - Spencer Horowitz. | | |
Action details
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Not available
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14-9024
| 1 | a. | | Communication/Information Report | Report of the Monthly Board Expenses for February 2025. Receive and file. | | |
Action details
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Not available
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14-9025
| 1 | b. | | Communication/Information Report | ORS’s Quarterly Newsletter - The Retirement Connection: April 2025 Edition. | | |
Action details
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Not available
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14-9110
| 1 | c. | | Communication/Information Report | Educational Travel Reports:
· Equity Summit 2025, Tommy Bahama Miramonte Resort & Spa, Indian Wells, CA, March 18 - 20, 2025 - by Anurag Chandra.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - by Deborah Abbott.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - by Anurag Chandra.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - by Matthew Faulkner.
· Pension Bridge The Annual 2025, Ritz-Carlton, Half Moon Bay, CA, March 24 - 26, 2025 - by Spencer Horowitz. | | |
Action details
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Not available
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14-9029
| 1 | a. | | Investments | Oral update from the CIO of Retirement Services, Prabhu Palani. | | |
Action details
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Not available
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14-9045
| 1 | a. | | Item | Oral update from the CEO of Retirement Services, John Flynn. | | |
Action details
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Not available
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14-9118
| 1 | b. | | Item | Oral update from the City Council Liaison to the Board. | | |
Action details
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Not available
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14-9117
| 1 | c. | | Item | Discussion and action regarding Resolution No. 9124 Federated Tier 1 and Resolution No. 9125 Federated Tier 2 Contribution Rates / Amounts for FY 2025-2026. | | |
Action details
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Not available
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14-9130
| 1 | d. | | Item | Discussion and action on authorizing the CEO to negotiate and execute a sixth amendment to the agreement with Marty Boyer, Communications Advantage, to extend the term of the Agreement through June 30, 2026 with a maximum total amount payable of $15,000 for the period July 1, 2025 through June 30, 2026. | | |
Action details
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Not available
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14-9058
| 1 | e. | | Item | Discussion and action on the proposed administrative budget for fiscal year 2025-2026. | | |
Action details
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Not available
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14-9150
| 1 | f. | | Item | Discussion and action on amendment to MOU between Board and City for use of actuary to review City bond disclosure documents. | | |
Action details
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Not available
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14-9006
| 1 | a. | | Item | Oral update from the Chair of the Investment Committee. | | |
Action details
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Not available
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14-9008
| 1 | a. | | Item | Oral update from the Chair of the Audit/Risk Committee. | | |
Action details
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Not available
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14-9010
| 1 | a. | | Item | Oral update from the Chair of the Governance Committee. | | |
Action details
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Not available
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14-9104
| 1 | b. | | Item | Discussion and action on the results of the Request for proposal (“RFP”) for governance services, including Board authorization for the Chief Executive Officer (CEO) to negotiate and execute an agreement with Aon Consulting, Inc for a term of six (6) years for an amount not to exceed $812,000, with four (4) one-year options to extend. | | |
Action details
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Not available
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14-9016
| 1 | a. | | Item | Oral update from the Chair of the Disability Committee. | | |
Action details
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14-9019
| 1 | a. | | Item | Oral update from the Chair of the Joint Personnel Committee.
· Nomination and election of Chair of Joint Personnel Committee.
· Nomination and election of Vice-Chair of Joint Personnel Committee.
· Discussion and action on CEO Performance Evaluation, including process, evaluation criteria and associated weights to be used to evaluate performance for the Board’s approval.
· Discussion and action on CIO Performance Evaluation, including process, evaluation criteria and associated weights to be used to evaluate performance for the Board’s approval.
· Discussion and action on Investment Staff compensation, including the discussion of timing and commencement of a compensation study.
· Discussion and action on the recommendation to the boards to request the creation of a new ORS-specific classification for Deputy Director/Deputy CIO. | | |
Action details
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Not available
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14-9106
| 1 | b. | | Item | Minutes of the Joint Personnel Committee meeting from April 5, 2024. Receive and file. | | |
Action details
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Not available
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14-9125
| 1 | c. | | Item | Discussion and action to direct the CEO to request the creation of a new employment classification for a “Deputy Director Retirement / Deputy Chief Investment Officer” and updates to existing retirement classifications as required. | | |
Action details
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14-9126
| 1 | d. | | Item | Discussion and action to direct the CEO to commence an updated compensation study for all current and proposed Retirement Investment staff classifications, exclusive of the Chief Investment Officer. | | |
Action details
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Not available
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14-9040
| 1 | a. | | Item | Oral update from the Legal Services Joint Adhoc Committee. | | |
Action details
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Not available
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14-9103
| 1 | b. | | Item | Discussion and action on the results of the Request for Proposal (“RFP”) for Legal Services - Fiduciary and General Counsel, including Board authorization for the Chief Executive Officer (“CEO”) to negotiate and execute an agreement with Reed Smith LLP (“Reed Smith”) for a term of six (6) years for an amount not to exceed $3,011,000, with four (4) one-year options to extend. | | |
Action details
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14-9127
| 1 | c. | | Item | Discussion and action on the results of the Request for Proposal (RFP) for Legal Services - Tax Counsel, including Board authorization for the Chief Executive Officer (CEO) to negotiate and execute an agreement with Ice Miller LLP (Ice Miller) for a term of six (6) years for an amount not to exceed $225,000, with four (4) one-year options to extend. | | |
Action details
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14-9128
| 1 | d. | | Item | Discussion and action on the results of the Request for Proposals (“RFP”) for Legal Services - Investment Counsel, including Board authorization for the Chief Executive Officer (“CEO”) to negotiate and execute an agreement with Hanson Bridget LLP for a term of six (6) years for an amount not to exceed $580,000, with four (4) one-year options to extend. | | |
Action details
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Not available
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14-9043
| 1 | a. | | Item | Oral update from the Actuarial Services Joint Adhoc Committee. | | |
Action details
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14-9091
| 1 | b. | | Item | Discussion and action on the results of the Request for proposal (“RFP”) for actuarial services, including Board authorization for the CEO to negotiate and execute an agreement with Cheiron, Inc. (“Cheiron”) for a term of six (6) years for an amount not to exceed $1,600,000, with four (4) one-year options to extend. | | |
Action details
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14-9129
| 1 | c. | | Item | Discussion and action on the results of the Request for proposal (“RFP”) for actuarial audit services, including Board authorization for the Chief Executive Officer (CEO) to negotiate and execute an agreement with Milliman for a term of six (6) years for an amount not to exceed $200,000, with four (4) one-year options to extend. | | |
Action details
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Not available
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14-9021
| 1 | a. | | Education & Training | The Cortex Report - May 2025 Conferences, Seminars and Educational Programs. | | |
Action details
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Not available
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14-9023
| 1 | b. | | Education & Training | CALAPRS 2025 Program Calendar. | | |
Action details
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Not available
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14-9046
| 1 | c. | | Education & Training | SACRS Spring Conference 2025, Omni Rancho Palmas Resort & Spa, Rancho Mirage, California, May 13 - 16, 2025. | | |
Action details
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Not available
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14-9047
| 1 | d. | | Education & Training | NCPERS 2025 Annual Conference & Exhibition (ACE), Sheraton Denver Downtown Hotel, Denver, Colorado, May 17 - 21, 2025. | | |
Action details
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Not available
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14-9048
| 1 | e. | | Education & Training | NCPERS Trustee Educational Seminars (TEDS), The Westin Seattle, Seattle, Washington, May 17 - 18, 2025. | | |
Action details
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Not available
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14-9049
| 1 | f. | | Education & Training | CALAPRS On-line Trustees’ Round Table, May 30, 2025. | | |
Action details
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Not available
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14-9141
| 1 | g. | | Education & Training | SACRS Public Pension Investment Management Program, Claremont Club & Spa, A Fairmont Hotel, Berkeley, California, July 13 - 16, 2025. | | |
Action details
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