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: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 6/18/2026 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 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
14-10830 1a. Service RetirementRandy Bourbon, Water System Operator III, Environmental Services Department, effective August 1, 2026; 26.24* years of service. (With Reciprocity = 19.39 PERS + 6.85 CSJ = 26.24 YOS)   Not available Not available
14-10801 1b. Service RetirementLaura L. Burke, Principal Accountant, Environmental Services Department, effective June 20, 2026; 21.73* years of service.   Not available Not available
14-10840 1c. Service RetirementChristina N. Campbell, Public Safety Communication Specialist, Police Department, effective July 18, 2026; 28.96* years of service.   Not available Not available
14-10797 1d. Service RetirementSandra Cranford, Executive Assistant to the City Manager, City Manager’s Office, effective July 18, 2026; 25.87* years of service.   Not available Not available
14-10804 1e. Service RetirementVeronica L. Estrada, Network Technician III, Library Department, effective July 18, 2026; 23.37* years of service.   Not available Not available
14-10794 1f. Service RetirementPatrick Hernandez, Gardener, Parks, Recreation and Neighborhood Services, effective July 4, 2026; 30.01* years of service.   Not available Not available
14-10805 1g. Service RetirementTracy A. Keifer, Code Enforcement Inspector II, Planning, Building and Code Enforcement, effective July 18, 2026; 21.78* years of service.   Not available Not available
14-10796 1h. Service RetirementJoshua Kenton, Principal Engineering Technician, Public Works Department, effective July 4, 2026; 30.01* years of service.   Not available Not available
14-10799 1i. Service RetirementShailendra Kumar, Deputy Director, Public Works Department, effective June 20, 2026; 27.87* years of service.   Not available Not available
14-10795 1j. Service RetirementSandra Lopez, Principal Office Specialist, Police Department, effective June 20, 2026; 21.77* years of service.   Not available Not available
14-10793 1k. Service RetirementZulma Villagrana-Maciel, Director, City Manager’s Office, effective August 1, 2026; 30.55* years of service.   Not available Not available
14-10798 1l. Service RetirementSteven W. Pendleton, Senior Development Officer, Housing Department, effective June 6, 2026; 10.92* years of service.   Not available Not available
14-10807 1m. Service RetirementRory J. Pete, Airport Maintenance Supervisor, Airport Department, effective July 18, 2026; 11.88* years of service.   Not available Not available
14-10803 1n. Service RetirementLynn Rogers, Senior Arts Program Coordinator, Office of Economic Development, effective July 4, 2026; 25.28* years of service.   Not available Not available
14-10800 1o. Service RetirementJames M. Williams, Maintenance Worker II, Department of Transportation, effective June 20, 2026; 27.25* years of service.   Not available Not available
14-10831 1p. Service RetirementHoward G. Yeilding, Supervising Applications Analyst, Library Department, effective June 20, 2026; 26.65* years of service.   Not available Not available
14-10810 1a. Deferred VestedAnastazia E. Aziz, Environmental Services Specialist, Environmental Service Department, effective July 18, 2026; 10.81* years of service.   Not available Not available
14-10898 1b. Deferred VestedKaren R. Chan, Public Safety Communications Specialist, Police Department, effective July 5, 2026; 12.63* years of service.   Not available Not available
14-10806 1c. Deferred VestedDipasusita Chundur, Planner III, Planning, Building and Code Enforcement, effective July 17, 2026; 15.65* years of service.   Not available Not available
14-10791 1d. Deferred VestedSteven C. Di Noto, Director, City Manager’s Office, effective June 21, 2026; 11.84* years of service.   Not available Not available
14-10790 1e. Deferred VestedKevin S. Lee, Building Management Administrator, Public Works Department, effective July 17, 2026; 10.44* years of service.   Not available Not available
14-10834 1f. Deferred VestedJuana Pereda, Legal Administrative Assistant II, City Attorney’s Office, effective August 9, 2026; 15.75* years of service.   Not available Not available
14-10792 1g. Deferred VestedCharlene W. Sun, Debt Administrator, Finance Department, effective June 20, 2026; 18.44* years of service. (With Reciprocity - 4.16 CSJ + 14.27 PERS = 18.44 YOS)   Not available Not available
14-10827 1a. Board Minutes ApprovalApproval of the Board Minutes of May 21, 2026.   Not available Not available
14-10828 1a. Return ContributionsVoluntary | Involuntary   Not available Not available
14-10829 1a. Communication and Information ReportReport of the Monthly Board Expenses for March 2026. Receive and file.   Not available Not available
14-10814 1b. Communication and Information ReportPublic Comment Policy as amended and approved at April 16, 2026 Board Meeting, with subsequent minor revision.   Not available Not available
14-10808 1c. Communication and Information ReportEducational Travel Reports: · 2026 Public Funds Roundtable, Los Angeles, CA, April 27 - 29, 2026 by Anurag Chandra. · 2026 Milken Institute Global Conference, Beverly Hills, CA, May 3 - 6, 2026 by Anurag Chandra. · CALAPRS Virtual Trustee Round Table, May 29, 2026 by Deborah Abbott. · CALAPRS Virtual Trustee Round Table, May 29, 2026 by Nathan Nakagawa.   Not available Not available
14-10897 1a. Travel/Conference AttendanceMatthew Faulkner, Vice Chair · Opal Group Public Funds Summit East, Newport, RI, July 27 - 29, 2026.   Not available Not available
14-10809 1b. Travel/Conference AttendanceJohn Flynn, CEO · CALAPRS Virtual Administrators Round Table, 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
14-10916 1c. Travel/Conference AttendanceReimbursement · 2026 Public Funds Roundtable, Los Angeles, CA, April 27 - 29, 2026 - Anurag Chandra. · PRISM 2026 Conference, San Diego CA, May 17-20, 2026 - John Flynn.   Not available Not available
14-10817 1a. InvestmentsOral update from the CIO of Retirement Services, Jay Kwon.   Not available Not available
14-10835 1b. InvestmentsPresentation of Calendar 4th Quarter 2025 private equity report by Neuberger Berman.   Not available Not available
14-10836 1c. InvestmentsPresentation of Calendar 4th Quarter 2025 private markets report by Meketa Investment Group.   Not available Not available
14-10837 1d. InvestmentsPresentation of Calendar 1st Quarter 2026 performance report for Pension Plan by Meketa Investment Group.   Not available Not available
14-10838 1e. InvestmentsPresentation of Calendar 1st Quarter 2026 performance report for Health Care Trust by Meketa Investment Group.   Not available Not available
14-10839 1f. InvestmentsDiscussion and action of the implemented revisions to the Asset Allocation section of the Investment Policy Statement and Resolution number 9134.   Not available Not available
14-10818 1a. ItemOral update from the CEO of Retirement Services, John Flynn.   Not available Not available
14-10819 1b. ItemOral update from the City Council Liaison to the Board.   Not available Not available
14-10833 1c. ItemDiscussion and action on Gallagher’s Investment Team Compensation Study. Time Certain: 10:00 a.m.   Not available Not available
14-10909 1d. ItemDiscussion and presentation of Vision’31 - ORS Action Plan to support the Five-Year Strategic Plan by John Flynn, CEO.   Not available Not available
14-10913 1e. ItemDiscussion and action on the FY 2027 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
14-10906 1f. ItemDiscussion and action to approve one full-time overstrength Benefits Division Manager through January 2, 2027.   Not available Not available
14-10832 1g. 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
14-10813 1a. ItemOral update from the Chair of the Investment Committee.   Not available Not available
14-10812 1a. ItemOral update from the Chair of the Audit/Risk Committee. · Approval of the Q3 2025 amended travel and attendance report for the Federated City Employee’s Retirement System. · Approval of the Q1 2026 travel and attendance report for the Federated City Employee’s Retirement System. · 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
14-10811 1b. ItemMinutes of the Joint Audit Committee meeting from February 19, 2026. Receive and file.   Not available Not available
14-10896 1c. ItemDiscussion and action on FY 2025 - 2026 Office of Retirement Services External Audit Plan by Macias Gini & O’Connell LLP (MGO).   Not available Not available
14-10815 1d. ItemDiscussion and action to approve the First Amendment to the agreement with Baker Tilly for internal audit consulting services.   Not available Not available
14-10917 1e. ItemDiscussion and action on the Proposed Internal Audit Plan for FY 2026 - 2027 from Baker Tilly.   Not available Not available
14-10820 1a. ItemOral update from the Chair of the Governance Committee.   Not available Not available
14-10821 1a. ItemOral update from the Chair of the Disability Committee.   Not available Not available
14-10822 1a. ItemOral update from the Vice Chair of the Joint Personnel Committee.   Not available Not available
14-10823 1a. Education & TrainingCALAPRS 2026 Program Calendar.   Not available Not available
14-10825 1b. Education & TrainingQuarterly Trustee Education Opportunities Report.   Not available Not available
14-10824 1c. Education & TrainingNASRA Annual Conference 2026, Boston, MA, August 8 - 12, 2026.   Not available Not available
14-10826 1d. Education & TrainingNCPERS Public Pension Funding Forum, Chicago, IL, August 16 - 18, 2026.   Not available Not available
14-10920 1e. Education & TrainingCALAPRS Principles of Pension Governance for Trustees, Santa Barbara, CA, August 24 - 27, 2026.   Not available Not available