Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 9/18/2025 8:30 AM Minutes status: Final  
Meeting location: 1737 N. First St. Suite 580, San Jose, CA 95112
Published agenda: Agenda Agenda Published minutes: Minutes Minutes Meeting Extra1: FED Board 9-18-25 audio  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-9638 1A. ItemCLOSED SESSION: CONFERENCE WITH LABOR NEGOTIATOR PURSUANT TO GOVERNMENT CODE SECTION 54957.6(a). Agency designated representatives: Spencer Horowitz, Board Chair. Unrepresented employees: Chief Executive Officer.   Action details Not available
14-9696 1B. ItemCLOSED SESSION: CONFERENCE WITH LABOR NEGOTIATOR PURSUANT TO GOVERNMENT CODE SECTION 54957.6(a). Agency designated representatives: Anurag Chandra, Investment Committee Chair. Unrepresented employees: Chief Investment Officer.   Action details Not available
14-9688 1a. Service-Connected DisabilityDavid Day, Gardener, Parks, Recreation, and Neighborhood Services, Request for Service-Connected Disability Retirement, effective September 13, 2025; 29.29* years of service. (Disability Committee Recommendation: Approval)   Action details Not available
14-9689 1b. Service-Connected DisabilityAmarjeet Rai, Staff Specialist, Environmental Services Department, Request for Service-Connected Disability Retirement, effective December 8, 2022; 22.29* years of service. (Disability Committee Recommendation: Approval)   Action details Not available
14-9661 1a. Service RetirementTrina Richbourg, Senior Librarian, Library Department, effective September 27, 2025; 18.96* years of service.   Action details Not available
14-9656 1a. Deferred VestedSusan G. Hiestand, Environmental Service Specialist, Airport Department, effective September 23, 2025; 29.31* years of service. (With Reciprocity – 4.83 CSJ + 9.47 SamCERA + 14.99 CalPERS = 29.31 YOS)   Action details Not available
14-9665 1b. Deferred VestedDarren McBain, Planner II, Parks, Recreation and Neighborhood Services, effective October 11, 2025; 25.92* years of service. (With Reciprocity – 11.87 CSJ + 14.04 PERS = 25.92 YOS)   Action details Not available
14-9663 1c. Deferred VestedAngelica T. Smith, Analyst II, Human Resources Department, effective September 28, 2025; 27.11* years of service. (With Reciprocity – 6.71 CSJ + 20.40 PERS = 27.11 YOS)   Action details Not available
14-9639 1a. Board Minutes ApprovalApproval of the Board Minutes of August 21, 2025.   Action details Not available
14-9640 1a. Return ContributionsVoluntary | Involuntary   Action details Not available
14-9642 1a. Communication and Information ReportPresentation of Calendar 1st Quarter 2025 private equity report by Neuberger Berman.   Action details Not available
14-9643 1b. Communication and Information ReportPresentation of Calendar 1st Quarter 2025 private markets report by Meketa Investment Group.   Action details Not available
14-9644 1c. Communication and Information ReportPresentation of Calendar 2nd Quarter 2025 performance report for Pension Plan by Meketa Investment Group.   Action details Not available
14-9645 1d. Communication and Information ReportPresentation of Calendar 2nd Quarter 2025 performance report for Health Care Trust by Meketa Investment Group.   Action details Not available
14-9683 1e. Communication and Information ReportNotification of Educational Travel: Deborah Abbott, Trustee - CALAPRS Virtual Compliance Round Table, October 17, 2025.   Action details Not available
14-9701 1f. Communication and Information ReportEducational Travel Reports: MarketsGroup ALTSSF, The Ritz Carlton Hotel, San Francisco, CA, September 3, 2025 by Matthew Faulkner.   Action details Not available
14-9698 1a. Travel/Conference AttendanceReimbursement - Public Funds Summit East 2025, Newport Marriott, Newport, RI, July 21 – 23, 2025 – Matthew Faulkner.   Action details Not available
14-9669 1a. Change of Retirement ApplcationApproval for a change in effective date for Jennifer L. Pousho, Senior Deputy City Attorney, City Attorney’s Office, from July 19, 2025 to July 20, 2025, for a Service Retirement approved at the August 21, 2025 Board meeting.   Action details Not available
14-9686 1a. InvestmentsDiscussion and action on authorizing the Secretary to negotiate and execute a second amendment to the agreement with the Bank of New York, for custodian banking services, to extend the term of the agreement by five years through September 30, 2030, and to increase the maximum total compensation payable under the agreement for the: a. Federated City Employees’ Retirement System not-to-exceed $2,350,000. b. Federated Retiree Health Care Trust Fund not-to-exceed $333,000.   Action details Not available
14-9647 1a. ItemDiscussion and action on merit and executive days for the fiscal year ending June 30, 2026, for the Chief Executive Officer position.   Action details Not available
14-9699 1b. ItemDiscussion and action on merit and executive days for the fiscal year ending June 30, 2026, for the Chief Investment Officer position.   Action details Not available
14-9646 1c. ItemDiscussion on Federated Retreat Workshop · 5.c.1 - “State of the Pension Fund” - John Flynn, ORS Chief Executive Officer · 5.c.2 - “Navigating Cyber Risk and Board Responsibility” - Peter Dewar, Linea Secure President, and Jake Long, Linea Secure · 5.c.3 - “Strategic Planning Kick Off” – Benita Harper, Aon Associate Partner · 5.c.4 - “Oral Update”, Prabhu Palani, ORS Chief Investment Officer · 5.c.5 - “Where Policy Meets Macro: Implications for Asset Allocation” - Bassam Nawfal, Chief Asset Allocation Strategist, Alpine Macro Time Certain: 11:00 a.m. PDT or soon thereafter   Action details Not available
14-9648 1a. Education & TrainingCALAPRS 2025 Program Calendar.   Action details Not available
14-9649 1b. Education & TrainingCALAPRS Virtual Trustees’ Roundtable, October 3, 2025.   Action details Not available
14-9650 1c. Education & TrainingNCPERS Program for Advanced Trustee Studies (PATS), Omni Fort Lauderdale Hotel, Fort Lauderdale, FL, October 25 - 26, 2025.   Action details Not available
14-9651 1d. Education & TrainingNCPERS Fall Conference, Omni Fort Lauderdale Hotel, Fort Lauderdale, FL, October 26 - 29, 2025.   Action details Not available
14-9652 1e. Education & TrainingPension Bridge, Alternative Conference, Quorum Convene, New York City, NY, October 28, 2025.   Action details Not available
14-9653 1f. Education & TrainingSACRS Fall Conference 2025, Hyatt Regency Huntington Beach Resort & Spa, Huntington Beach, CA, November 11 - 14, 2025.   Action details Not available
14-9654 1g. Education & TrainingCALAPRS Virtual Investments Round Table, November 21, 2025.   Action details Not available
14-9655 1h. 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