Please note: this meeting's minutes have not been finalized yet. Actions taken on legislation and their results are not available.

Meeting Details

Meeting Name: Police & Fire Department Retirement Plan and Health Care Trust Agenda status: Final
Meeting date/time: 6/17/2026 9:00 AM Minutes status: Draft  
Meeting location: 1737 N. First St. Suite 580, San Jose, CA 95112
Published agenda: Agenda Agenda Accessible Agenda Accessible Agenda Published minutes: Not available Meeting Extra1: Not available Meeting Extra2: Not available Meeting Extra3: Not available  
Agenda packet: Not available
Attachments:
File #Ver.Agenda #NameTypeTitleActionResultAction DetailsVideo
14-10841 1a. SCD - ApprovedErin Allen, Police Officer, Police Department, Request for Service-Connected Disability Retirement, effective June 13, 2026; 12.66* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10842 1a. Status Change SCD - ApprovedJason A. Suarez, Fire Captain, Fire Department, Request for Change of Status to Service-Connected Disability Retirement, effective January 26, 2022; 27.60* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10843 1b. Status Change SCD - ApprovedDavid J. Scocca, Fire Engineer, Fire Department, Request for Change of Status to Service-Connected Disability Retirement, effective August 17, 2023; 25.33* years of service. (Disability Committee Recommendation: Approval)   Not available Not available
14-10844 1a. Board Minutes ApprovalApproval of the Board Minutes of May 20, 2026.   Not available Not available
14-10845 1a. Travel/Conference AttendanceJohn Flynn, CEO · CALAPRS Virtual Administrators Roundtable, June 5, 2026. · NCPERS 2026 Advanced Fiduciary (NAF) Institute: Modules 3&4, Nashville, TN, October 24-25, 2026. · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.   Not available Not available
14-10846 1b. Travel/Conference AttendanceSunita Ganapati, Trustee · MarketsGroup ALTSSF 2026, San Francisco, CA, September 9-10, 2026.   Not available Not available
14-10847 1c. Travel/Conference AttendanceAndrew Gardanier, Chair · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.   Not available Not available
14-10848 1d. Travel/Conference AttendanceDavid Woolsey, Trustee · NCPERS 2026 Public Safety Conference, Nashville, TN, October 25-28, 2026.   Not available Not available
14-10915 1e. ItemReimbursements · 2026 Public Funds Roundtable, April 27 - 29, 2026, Los Angeles, CA - Gretchen Flicker. · PRISM 2026 Conference, May 18 - 20, 2026, San Diego, CA - John Flynn.   Not available Not available
14-10850 1a. Communication and Information ReportPolice and Fire Department Retirement Plan Dashboard.   Not available Not available
14-10851 1b. Communication and Information ReportReport of the Monthly Board Expenses for April 2026. Receive and file.   Not available Not available
14-10852 1c. Return ContributionsPublic Comment Policy as amended and approved at April 16, 2026 Board Meeting, with subsequent minor revision.   Not available Not available
14-10853 1d. Communication and Information ReportFourth Amendment with SocialSellinator entered into by CEO on behalf of Police and Fire to extend the term of the Agreement through June 30, 2027 at a monthly amount of $1,800.00 (split 50/50) with a not-to-exceed total of $60,000 for total duration of the Agreement per retirement plan.   Not available Not available
14-10854 1e. Communication and Information ReportSeventh Amendment with Marty Boyer entered into by CEO on behalf of Police and Fire to extend the term of the Agreement through June 30, 2027 with a maximum total amount payable of $10,000 per retirement plan for the period July 1, 2026 through June 30, 2027 and a not-to-exceed total of $90,000 for total duration of the Agreement per retirement plan.   Not available Not available
14-10855 1a. Education & TrainingCALAPRS 2026 Program Calendar.   Not available Not available
14-10856 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Not available Not available
14-10857 1c. Education & TrainingNCPERS Public Pension Funding Forum, Chicago, IL, August 16 - 18, 2026.   Not available Not available
14-10858 1d. Education & TrainingCALAPRS Principles of Pension Governance for Trustees, Santa Barbara, CA, August 24 - 27, 2026.   Not available Not available
14-10859 1a. Alternate BeneficiaryApproval of Alternate Payee Benefit election of Unreduced Retirement Option to be paid to Kimberlie Reckas, ex-spouse of Police Sergeant, Ted Reckas to be effective July 18, 2026 under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Not available Not available
14-10860 1a. InvestmentsOral update by CIO, Jay Kwon.   Not available Not available
14-10861 1b. InvestmentsPresentation of Calendar 4th Quarter 2025 private equity report by Neuberger Berman.   Not available Not available
14-10862 1c. InvestmentsPresentation of Calendar 4th Quarter 2025 private markets report by Meketa Investment Group.   Not available Not available
14-10863 1d. InvestmentsPresentation of Calendar 1st Quarter 2026 performance report for Pension Plan by Meketa Investment Group.   Not available Not available
14-10864 1e. InvestmentsPresentation of Calendar 1st Quarter 2026 performance report for Health Care Trust by Meketa Investment Group.   Not available Not available
14-10865 1f. InvestmentsDiscussion and action of the implemented revisions to the Asset Allocation section of the Investment Policy Statement and Resolution number 4853.   Not available Not available
14-10866 1a. ItemOral update by CEO, John Flynn.   Not available Not available
14-10867 1b. ItemOral update from the City Council Liaison to the Board.   Not available Not available
14-10908 1c. ItemDiscussion and presentation on Emerging Risk/Reward Changes and Split Valuation Approach by Cheiron. Time Certain: 9:10 a.m.   Not available Not available
14-10869 1d. ItemDiscussion and action on Gallagher’s Investment Team Compensation Study. Time Certain: 10:00 a.m.   Not available Not available
14-10912 1e. ItemDiscussion and presentation of Vision’31 - ORS Action Plan to support the Five-Year Strategic Plan by John Flynn, CEO.   Not available Not available
14-10914 1f. ItemDiscussion and action on the FY2027 Annual Strategic Work Plan for the Office of Retirement Services, covering the first operational year of the Five-Year Strategic Plan.   Not available Not available
14-10907 1g. ItemDiscussion and action to approve one full-time overstrength Benefits Division Manager through January 2, 2027.   Not available Not available
14-10868 1h. ItemDiscussion and action on the formation of the Joint Ad Hoc Budget Committee to review administrative budget cost allocation, benchmarks, and development of formal budgeting policy recommendations.   Not available Not available
14-10870 1a. Service RetirementDonald J. Alexander II, Fire Captain, Fire Department, effective July 16, 2026; 25.12* years of service.   Not available Not available
14-10871 1b. Service RetirementHolger Blech, Fire Engineer, Fire Department, effective July 16, 2026; 25.11* years of service.   Not available Not available
14-10874 1c. Service RetirementMichael S. Brum, Police Officer, Police Department, effective July 2, 2026; 28.79* years of service.   Not available Not available
14-10872 1e. Service RetirementGeorge Constantin, Police Sergeant, Police Department, effective June 20, 2026; 26.80* years of service.   Not available Not available
14-10873 1f. Service RetirementRichard Crawford, Fire Prevention Inspector, Fire Department, effective July 18, 2026; 26.46* years of service.   Not available Not available
14-10875 1g. Service RetirementPedro C. Franco, Fire Engineer, Fire Department, effective July 4, 2026; 31.69* years of service.   Not available Not available
14-10876 1h. Service RetirementSalvador Gutierrez, Fire Engineer, Fire Department, effective July 19, 2026; 25.57* years of service.   Not available Not available
14-10877 1i. Service RetirementShad Hall, Fire Captain, Fire Department, effective July 4, 2026; 28.26* years of service. (With Reciprocity - 24.81 CSJ YOS + 3.45 PERS YOS)   Not available Not available
14-10878 1j. Service RetirementMark I. Palfalvi, Police Officer, Police Department, effective July 3, 2026; 29.33* years of service.   Not available Not available
14-10879 1k. Service RetirementTri H. Pham, Police Officer, Police Department, effective June 20, 2026; 24.48* years of service.   Not available Not available
14-10880 1l. Service RetirementLeo Prescott, Police Lieutenant, Police Department, effective June 19, 2026; 26.60* years of service.   Not available Not available
14-10881 1m. Service RetirementJames K. Sit, Police Officer, Police Department, effective July 5, 2026; 26.07* years of service.   Not available Not available
14-10882 1n. Service RetirementJon Walsh, Fire Captain, Fire Department, effective July 16, 2026; 25.12* years of service.   Not available Not available
14-10883 1a. Deferred VestedBrent C. Marks, Firefighter, Fire Department, effective June 30, 2026; 28.72* years of service. (With Reciprocity - 3.69 CSJ YOS + 25.03 SFERS YOS)   Not available Not available
14-10886 1a. Committees/Reports/RecommendationsOral update from the Chair of the Investment Committee.   Not available Not available
14-10887 1a. Committees/Reports/RecommendationsOral update from the Chair of the Audit/Risk Committee. · Approval of the Q1 2026 travel and attendance report for the Police and Fire Department Retirement Plan. · Discussion and action on FY 2025-2026 Office of Retirement Services External Audit Plan by Macias Gini & O’Connell (MGO) LLP. · Discussion and action to approve the First Amendment to the agreement with Baker Tilly for internal audit consulting services. · Discussion and action on the Risk Assessment Results and Proposed 5-Year Internal Audit Plan from Baker Tilly. · Discussion and action on the status of outstanding Internal Audit recommendations. · Discussion on status of outstanding Penetration testing recommendations.   Not available Not available
14-10888 1b. Committees/Reports/RecommendationsMinutes of the Audit Committee meeting from February 19, 2026. Receive and file.   Not available Not available
14-10889 1c. Committees/Reports/RecommendationsDiscussion and action on FY 2025-2026 Office of Retirement Services External Audit Plan by Macias Gini & O’Connell (MGO) LLP.   Not available Not available
14-10890 1d. Committees/Reports/RecommendationsDiscussion and action to approve the First Amendment to the agreement with Baker Tilly for internal audit consulting services.   Not available Not available
14-10891 1e. Committees/Reports/RecommendationsDiscussion and action on the Proposed Internal Audit Plan for FY 2026 - FY 2027 from Baker Tilly.   Not available Not available
14-10892 1a. Committees/Reports/RecommendationsOral update from the Chair of the Governance Committee.   Not available Not available
14-10893 1a. Committees/Reports/RecommendationsOral update from the Chair of the Disability Committee.   Not available Not available
14-10894 1b. Committees/Reports/RecommendationsMinutes of the Disability Committee meeting from May 11, 2026. Receive and file.   Not available Not available
14-10895 1a. Committees/Reports/RecommendationsOral update from the Chair of the Joint Personnel Committee.   Not available Not available