Meeting Name: Federated City Employees' Retirement System and Federated City Employees' Health Care Trust Agenda status: Final
Meeting date/time: 9/21/2023 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 9-21-23 audio  
Attachments:
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14-6502 1A. ItemCLOSED SESSION: THREAT TO PUBLIC SERVICES OR FACILITIES. Consultation with: Legal Counsel pursuant to Government Code section 54957(a).   Action details Not available
14-6498 1B. ItemCLOSED SESSION: CONFERENCE WITH LABOR NEGOTIATORS PURSUANT TO GOVERNMENT CODE SECTION 54957.6(a). Agency designated representatives: Spencer Horowitz, Board Chair and Anurag Chandra, Investment Committee Chair. Unrepresented employees: Chief Executive Officer and Chief Investment Officer.   Action details Not available
14-6571 1a. Service-Connected DisabilityPolly Tommie, Public Safety Radio Dispatcher II, Police Department, Request for Service-Connected Disability Retirement, effective June16, 2017; 12.71* years of service. (Staff Disability Committee Recommendation: Approval)   Action details Not available
14-6540 1a. Service RetirementRoss C. Bayer, Airport Operations Supervisor III, Airport, effective October 28, 2023; 29.52* years of service. (With Reciprocity - 25.55 CSJ + 0.465 PERS + 3.51 SamCERA)   Action details Not available
14-6541 1b. Service RetirementStacee Fischer, Benefits Analyst, Office of Retirement Services, effective October 12, 2023; 9.43* years of service.   Action details Not available
14-6542 1c. Service RetirementTimothy Golden, Senior Airport Operations Specialist I, Airport, effective October 14, 2023; 22.10* years of service.   Action details Not available
14-6543 1d. Service RetirementLouie Gonzalez, Water System Operator II, Environmental Services Department, effective September 30, 2023; 22.28* years of service.   Action details Not available
14-6585 1e. ItemGregory T. Reed, Wastewater Senior Mechanic II, Environmental Services Department, effective September 16, 2023; 23.09* years of service.   Action details Not available
14-6544 1a. ItemMelinda Lledo, Accounting Technician, Environmental Services Department, effective October 14, 2023; 5.03* years of service. (Tier 2 B)   Action details Not available
14-6559 1a. Deferred VestedPhillip Jon Medina, Maintenance Worker I, Department of Transportation, effective August 25, 2023; 13.02* years of service.   Action details Not available
14-6558 1b. Deferred VestedRoger K. Storz, Senior Engineer, Public Works Department, effective September 5, 2023; 17.44* years of service.   Action details Not available
14-6573 1c. Deferred VestedJohn Jeffrey Teliha, Parking Manager I, Department of Transportation, effective October 14, 2023; 6.00* years of service.   Action details Not available
14-6581 1d. ItemDavid M. Zolezzi, Financial Analyst, Finance Department, effective October 14, 2023; 29.41* years of service. (With Reciprocity - 16.04 CSJ YOS + 13.37 PERS YOS)   Action details Not available
14-6504 1a. Board Minutes ApprovalApproval of the Board Minutes of August 17, 2023.   Action details Not available
14-6588 1a. ItemReport of the Monthly Board Expenses for July 2023. Receive and file.   Action details Not available
14-6505 1a. Return ContributionsVoluntary | Involuntary   Action details Not available
14-6539 1a. Recission Of Retirement ApplicationApproval of request to rescind the Service Retirement application of Juan M. Diaz, Groundsworker, approved at the August 17, 2023 Board meeting for the effective date of September 2, 2023.   Action details Not available
14-6584 1a. Change of Retirement ApplcationApproval for a last name correction for Darleen Giampaoli from August 1, 2023, for a Deferred Vested Retirement approved at the August 17, 2023 Board meeting.   Action details Not available
14-6560 1a. Alternate BeneficiaryApproval of Alternate Payee Benefit election of Unreduced Lifetime Monthly Payment Option to be paid to Todd Liberty, ex-spouse of Senior Public Dispatcher, Barbara Liberty to be effective August 19, 2023, under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Action details Not available
14-6561 1b. Alternate BeneficiaryApproval of Alternate Payee Benefit election of Unreduced Lifetime Monthly Payment Option to be paid to Barry Lingenfelter, ex-spouse of Staff Specialist, Kimberly Roth to be effective August 18, 2023, under Part 17, Section 3.36.3600 of the San Jose Municipal Code.   Action details Not available
14-6507 1a. InvestmentsOral update from the CIO of Retirement Services, Prabhu Palani.   Action details Not available
14-6574 1b. ItemPresentation of Calendar 1st Quarter 2023 Private Equity report by Neuberger Berman.   Action details Not available
14-6575 1c. ItemPresentation of Calendar 1st Quarter 2023 Private Markets report by Meketa Investment Group.   Action details Not available
14-6576 1d. ItemPresentation of Calendar 2nd Quarter 2023 Performance report for Pension Plan by Meketa Investment Group.   Action details Not available
14-6577 1e. ItemPresentation of Calendar 2nd Quarter 2023 Performance report for Health Care Trust by Meketa Investment Group.   Action details Not available
14-6578 1f. ItemDiscussion and approval of the revised Investment Policy Statement for San Jose Federated City Employees’ Retirement System and approval of Resolution No. 9111.   Action details Not available
14-6579 1g. ItemPresentation of Investment Fee report for Calendar year 2022 by Investment Staff.   Action details Not available
14-6508 1a. ItemOral update from the CEO of Retirement Services, Roberto L. Peña.   Action details Not available
14-6513 1b. ItemOral update from the City Council Liaison to the Board.   Action details Not available
14-6565 1c. ItemDiscussion and action authorizing the CEO to negotiate and execute the first amendment to the agreement ending on June 30, 2025, for legal services between the Board of Administration for the Federated City Employees' Retirement System and Reed Smith to add $600,000 to increase the maximum contract from $1 million to $1.6 million.   Action details Not available
14-6583 1d. ItemDiscussion and action to authorize the CEO to negotiate and execute a fifth amendment to the agreement between Granicus Inc. and the Boards (Board of Administration for the Police and Fire Department Retirement Plan and the Board of Administration for the Federated City Employees' Retirement System) for Agenda Management Software and Services to extend the term of the agreement through October 31, 2024, for an annual cost of $8,056.45 (this cost split 50/50 with the Police and Fire Department Retirement Plan).   Action details Not available
14-6580 1e. ItemDiscussion and action on merit increase and executive days for the CEO/CIO positions.   Action details Not available
14-6514 1a. Committees/Reports/RecommendationsOral update from the Chair of the Investment Committee.   Action details Not available
14-6582 1b. ItemMinutes of the April 27, 2023 FCERS Investment Committee. Receive and file.   Action details Not available
14-6515 1a. Committees/Reports/RecommendationsOral update from the Chair of the Governance Committee.   Action details Not available
14-6516 1a. Committees/Reports/RecommendationsOral update from the Chair of the Audit Committee.   Action details Not available
14-6521 1a. ItemOral update from the Chair of the FCERS Disability Committee.   Action details Not available
14-6536 1b. ItemMinutes of the February 16, 2023 FCERS Disability Committee. Receive and file.   Action details Not available
14-6537 1c. ItemMinutes of the April 20, 2023 FCERS Disability Committee. Receive and file.   Action details Not available
14-6522 1a. Communication and Information ReportOral update from the Chair of the Joint Personnel Committee.   Action details Not available
14-6523 1a. Education & TrainingThe Cortex Report - September 2023, Conferences, Seminars and Educational Programs.   Action details Not available
14-6524 1b. Education & TrainingCALAPRS 2023 Program Calendar.   Action details Not available
14-6525 1c. Education & TrainingSACRS Annual Fall Conference 2023, Omni Rancho Las Palmas Resort & Spa, Rancho Mirage, CA - November 7-10, 2023.   Action details Not available