Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 1/18/2024 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: FED Board 1-18-24 audio  
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-7136 1a. Service RetirementJoseph Andrade, Wastewater Maintenance Superintendent, Environmental Services Department, effective February 2, 2024; 16.54* years of service.   Action details Not available
14-7133 1b. Service RetirementJoe T. Beckham, Senior Electrician, Public Works Department, effective January 20, 2024; 22.64* years of service.   Action details Not available
14-7134 1c. Service RetirementEmily C. Hendon, Division Manager, Human Resources Department, effective February 3, 2024; 11.55* years of service.   Action details Not available
14-7135 1d. Service RetirementIgnacio J. Preciado, Building Inspector Supervisor, Public Works Department, effective January 20, 2024; 20.23* years of service.   Action details Not available
14-7146 1a. Deferred VestedStuart Bennett, Investment Officer, Office of Retirement Services, effective January 31, 2024; 13.41* years of service. (With Reciprocity - 0.47 CSJ + 12.94 PERS = 13.41 YOS)   Action details Not available
14-7137 1b. Deferred VestedSamantha L. Doebler, Senior Analyst, Department of Transportation, effective February 1, 2024; 7.27* years of service.   Action details Not available
14-7140 1c. Deferred VestedJames P. Reinhardt, Animal Services Officer, Parks, Recreation & Neighborhood Services, effective January 8, 2024; 13.94* years of service.   Action details Not available
14-7139 1d. Deferred VestedNatalie Rae Rencher, Senior Librarian, Library Department, effective December 30, 2023; 7.53* years of service. (With Reciprocity - 1.44163 CSJ + 6.0885 SDCERA = 7.53 YOS)   Action details Not available
14-7138 1e. Deferred VestedJianzheng Yang, Associate Engineer, Planning Building and Code Enforcement, effective February 1, 2024; 24.05* years of service. (With Reciprocity - 3.80 CSJ + 20.25 PERS = 24.05 YOS)   Action details Not available
14-7103 1a. Board Minutes ApprovalApproval of the Board Minutes of December 21, 2023.   Action details Not available
14-7104 1a. Return ContributionsVoluntary | Involuntary   Action details Not available
14-7128 1a. ItemApproval of Federated City Employee’s Retirement System’s Popular Annual (PAFR) for the year ended June 30, 2023. This item was taken off the Consent Calendar and heard separately after item 6e. CEO Peña and Benjie Chua-Foy, Accounting Division Manager, addressed this item and answered questions from the Board. A motion was made to approve the Federated City Employee’s Retirement System’s Popular Annual (PAFR) for the year ended June 30, 2023. Approved. (M.S.C. Jennings/Abbott 7-0-0) The motion passed by roll call vote. The Board took a break from 9:55 a.m. to 10:03 a.m.   Action details Not available
14-7124 1a. Travel/Conference AttendancePrabhu Palani, CIO · Pacific Pension & Investment Winter Roundtable, The Meritage, Napa, California, March 6 - 7, 2024.   Action details Not available
14-7147 1a. ItemApproval of Alternate Payee Benefit election of Lifetime Monthly Payment Option to be paid to Elizabeth Sotelo, ex-spouse of Maintenance Worker II, Joseph Sotelo to be effective January 5, 2024, under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Action details Not available
14-6787 1a. InvestmentsOral update from the CIO of Retirement Services, Prabhu Palani.   Action details Not available
14-7150 1b. InvestmentsMarket Overview by Morgan Stanley.   Action details Not available
14-7107 1a. ItemOral update from the CEO of Retirement Services, Roberto L. Peña.   Action details Not available
14-7110 1b. ItemOral update from the City Council Liaison to the Board.   Action details Not available
14-7148 1c. ItemDiscussion and action on Final OPEB Valuation results as of June 30, 2023 to be presented by Cheiron.   Action details Not available
14-7149 1d. ItemDiscussion on Cheiron’s 5-Year City Pension and OPEB Contribution Projections.   Action details Not available
14-7129 1e. ItemDiscussion and action to authorize the CEO to negotiate and execute an agreement between the Board of Administration (the Board) for the Federated City Employees’ Retirement System (the System) and Risk Strategies for insurance brokerage services ending on June 30, 2028, for the maximum contract amount of $300,000, to be split with the Board of Administration for the San Jose Police and Fire Department Retirement Plan (Plan).   Action details Not available
14-7111 1a. ItemOral update from the Chair of the Investment Committee.   Action details Not available
14-7144 1b. ItemMinutes of the Federated Investment Committee meeting from August 29, 2023. Receive and file.   Action details Not available
14-7112 1a. ItemOral update from the Chair of the Audit/Risk Committee.   Action details Not available
14-7113 1a. ItemOral update from the Chair of the Governance Committee.   Action details Not available
14-7132 1b. ItemUpdate of the progress on adoption of City and ORS policies and procedures.   Action details Not available
14-7114 1a. ItemOral update from the Chair of the Disability Committee.   Action details Not available
14-7125 1b. ItemMinutes of the Federated Disability Committee meeting from December 5, 2023. Receive and file.   Action details Not available
14-7161 1c. ItemDiscussion and action for approval of disability retirement application rules and procedures.   Action details Not available
14-7120 1b. ItemMinutes of the Joint Personnel Committee meeting from November 14, 2023. Receive and file.   Action details Not available
14-7122 1c. ItemReport on ad hoc committee’s recommendation of hiring executive search firm for CEO position.   Action details Not available
14-7116 1a. Education & TrainingThe Cortex Report - January 2024, Conferences, Seminars and Educational Programs.   Action details Not available
14-7179 1c. Education & TrainingCALAPRS, Advanced Principles of Pension Governance for Trustees, UCLA Luskin Conference Center, Los Angeles, CA, March 27 - 29, 2024.   Action details Not available