BOARD OF ADMINISTRATION  
Action Minutes - Final  
Joint - Personnel Committee  
Wednesday, April 1, 2026  
11:00 AM  
1737 N. First St. Suite 580, San Jose, CA 95112  
HYBRID MEETING  
PHYSICAL LOCATION:  
1737 North First Street, Suite 580  
San Jose, CA 95112  
ZOOM INFORMATION:  
zoom.us  
Dial In: +1 408-638-0968 US (San Jose)  
Meeting ID: 916 3426 0430  
Police & Fire Committee Members  
Eswar Menon, Vice Chair (Term Expires 11/30/26) -- 1162 Briarwood Way Walnut Creek, CA 94597  
Andrew Gardanier, Trustee (Term Expires 11/30/27)  
Franco Vado, Trustee (Term Expires 11/30/28)  
Federated Committee Members  
Anurag Chandra, Chair (Term Expires 11/30/26)  
Spencer Horowitz, Trustee (Term Expires 11/30/28)  
Mark Linder, Trustee (Term Expires 11/30/28)  
John Flynn, CEO, Office of Retirement Services  
Maytak Chin, General & Fiduciary Counsel  
6 -  
Present  
Anurag Chandra, Spencer Horowitz, Mark Linder, Eswar Menon, Franco  
Vado, and Andrew Gardanier  
The Joint Personnel Committee met in person at 1737 N. First St., Ste 580, San  
Jose, CA 95112 and via Zoom on Wednesday, April 1, 2026 at 11:00 a.m. The  
meeting was called to order at 11:03 a.m. by Chair Chandra followed by roll call.  
Committee members present in person: Anurag Chandra, Spencer Horowitz,  
Mark Linder, Andrew Gardanier, and Franco Vado.  
Committee members Present via Zoom utilizing the Traditional Brown Act rules:  
Eswar Menon. CEO Flynn questioned Vice-Chair Menon on whether he met the  
qualifications to teleconference under the Brown Act. Vice-Chair Menon  
responded in the affirmative. Chair Chandra reminded the Committee that all  
votes must be roll call votes.  
Retirement Staff Present: John Flynn, Barbara Hayman, Gabriela Romero, Edith  
Orosco, Sherrell Aledo, Chris Ha, Ryan Reynado, Amanda Hiew, Shilpi Dwivedi,  
and Christina Wang.  
Retirement Staff Present via Zoom: David Aung, Harrison Pearce, and Jennifer  
You.  
Also Present via Zoom: Julie Beck and Benita Harper, Aon Consulting; and  
Debbie Owen and Georg Krammer, Gallagher.  
In accordance with the requirements of AB 2449, the Board of Administration  
(“Board”) will generally, upon request, provide appropriate aids and services  
leading to effective communication for individuals with disabilities so they can  
participate equally in the Board’s meetings, including qualified sign language  
interpreters, documents in Braille, and other ways of making information and  
communications accessible to people who have speech, hearing, vision or other  
disabilities.  
Anyone who requires an auxiliary aid or service for effective communication to  
participate in a Board meeting should contact the designated contact in Office of  
Retirement Services as far in advance of the scheduled meeting as possible. The  
Board strongly encourages individuals with disabilities to endeavor to submit  
requests for reasonable accommodation no later than five (5) business days  
before the scheduled meeting, as the Board may not be able to grant requests  
for reasonable accommodations without sufficient advance notice. The Board  
strongly encourages individuals with disabilities to submit their written requests  
via email or regular mail to facilitate tracking and response; however, if the  
submission of a written request constitutes a hardship, individuals may call the  
Office of Retirement Services to submit an oral request.  
The designated contact in the Office of Retirement Services will endeavor to  
respond to each request within three (3) business days of receipt of the request.  
Depending on the request, the designated contact in the Office of Retirement  
Services may ask to schedule a time to discuss the request (which may occur  
virtually) to determine the most appropriate auxiliary aid or service, before the  
request is resolved.  
ADA Designated Contact Information  
Attention: Deputy Director/Chief Operations Officer, Office of Retirement  
Services Address: 1737 N First St #600, San Jose, CA 95112  
Email: #Retire_Admin@sanjoseca.gov Phone: 408-794-1000 (ORS Main Line)  
THE LEVINE ACT  
The Levine Act requires a Party in a Proceeding before the City of San José that  
involves any action related to their contract, license, permit, or use entitlement to  
disclose any campaign contributions to City elected or appointed officials  
totaling more than $500 within the 12 months prior to the City decision. A  
Participant to a Proceeding may voluntarily report a campaign contribution on  
the form located on the Levine Act webpage.  
Call to Order and Roll Call  
SB 707 REMOTE APPEARANCE(S)  
Take action on request(s) for remote appearance.  
i.  
Orders of the Day  
Orders of the Day:  
None.  
This item was heard after the consent calendar.  
Waive Sunshine:  
A motion was made to waive sunshine on the JPC 4.1.26 Agenda.  
Approved (M.S.C. Horowitz/Linder 6-0-0). This motion was passed by roll call  
vote  
AGENDA  
CONSENT CALENDAR  
1.  
a.  
A motion was made to approve the Consent Calendar.  
Approved. (M.S.C. Linder/Gardanier 6-0-0). This motion was passed by roll call  
vote.  
Approval of the Minutes from the January 27, 2026 Joint Personnel Committee  
meeting.  
NEW BUSINESS  
2.  
a.  
Nomination and election of Chair of Joint Personnel Committee.  
This item was discussed.  
A motion was made to nominate and elect Trustee Menon as the Joint  
Personnel Committee Chair.  
Approved (M.S.C. Gardanier/Chandra 6-0-0). This motion was passed by roll  
call vote.  
b.  
Nomination and election of Vice-Chair of Joint Personnel Committee.  
This item was discussed.  
A motion was made to nominate and elect Trustee Chandra as the Joint  
Personnel Committee Vice-Chair.  
Approved (M.S.C. Linder/Horowitz 6-0-0). This motion was passed by roll call  
vote.  
c.  
Discussion and action on the Investment Team Compensation.  
This item was presented.  
A motion was made to amend the Investment Team Compensation and show  
the compensation differential with and without CalPERS.  
Approved. (M.S.C. Vado/Linder 6-0-0). This motion passed by roll call vote.  
The Committee took a break from 12:22 p.m. to 12:30 p.m.  
d.  
Discussion and action on 2025-2026 CEO Performance Evaluation, including  
process and evaluation criteria.  
This item was heard after the break.  
This item was discussed.  
A motion was made to recommend to the respective Boards that changes be  
made to the 2025-2026 CEO Performance Evaluation.  
Approved. (M.S.C. Menon/Horowitz 6-0-0). This motion passed by roll call vote.  
e.  
Discussion and action on 2025-2026 CIO Performance Evaluation, including  
process and evaluation criteria.  
This item was discussed.  
A motion was made to waive the 2025-2026 CIO Performance Evaluation for the  
new CIO administration and management, allowing it to be completed via  
self-assessment.  
Approved. (M.S.C. Vado/Linder 6-0-0). This motion passed by roll call vote.  
A motion was made to waive the performance review of the outgoing CIO for  
this cycle.  
Approved. (M.S.C Horowitz/Vado 6-0-0). This motion passed by roll call vote.  
f.  
Discussion on CEO & CIO Performance Evaluation Policies.  
This item was discussed.  
No action was taken for this item.  
PROPOSED AGENDA ITEMS  
None.  
PUBLIC/RETIREE/GENERAL COMMENTS – Subject to Government Code  
Section 54954.3  
None.  
Members of the public may comment on items not included on the agenda,  
provided that the matter is within the subject matter jurisdiction of the Board.  
ADJOURNMENT  
The meeting adjourned at 1:18 p.m.  
Minutes Recorded, Prepared and Respectfully submitted by,  
_______________________________________  
John Flynn, CEO, Office of Retirement Services  
*Estimated  
All public records relating to an open session item on this agenda, which are not  
exempt from disclosure pursuant to the California Public Records Act, that are  
distributed to a majority of the legislative body will be available for public  
inspection at the Office of Retirement Services, 1737 N. First Street, Suite 600,  
San José CA 95112 at the same time that the public records are distributed or  
made available to the legislative body.  
Access the video or audio, the agenda, related reports, and supplemental  
materials for this meeting by visiting the Retirement Services website at  
the Office of Retirement Services at (408) 794 - 1000.  
Supplemental agenda materials may be made available less than 72 hours before  
a regular meeting, provided that they are: (1) distributed to a majority of the  
legislative body and made available for public inspection at the Office of  
Retirement Services, 1737 N. First Street, Suite 600, San José CA 95112, at the  
same time; and (2) posted on the Office of Retirement Services’ website at  
related to an agenda item for an upcoming meeting.  
The Code of Conduct  
6630000) is intended to promote open meetings that welcome debate of public  
policy issues being discussed by the City Council, their Committees, and City  
Boards and Commissions in an atmosphere of fairness, courtesy, and respect  
for differing points of view.  
1. Public Meeting Decorum:  
a) Persons in the audience will refrain from behavior which will disrupt the public  
meeting. This will include making loud noises, clapping, shouting, booing,  
hissing or engaging in any other activity in a manner that disturbs, disrupts or  
impedes the orderly conduct of the meeting.  
b) Persons in the audience will refrain from creating, provoking or participating  
in any type of disturbance involving unwelcome physical contact.  
c) Persons in the audience will refrain from using cellular phones and/or pagers  
while the meeting is in session.  
d) Appropriate attire, including shoes and shirts are required in the Council  
Chambers and Committee Rooms at all times.  
e) Persons in the audience will not place their feet on the seats in front of them.  
f) No food, drink (other than bottled water with a cap), or chewing gum will be  
allowed in the Council Chambers and Committee Rooms, except as otherwise  
pre-approved by City staff.  
g) All persons entering the Council Chambers and Committee Rooms, including  
their bags, purses, briefcases and similar belongings, may be subject to search  
for weapons and other dangerous materials.  
2. Signs, Objects or Symbolic Material:  
a) Objects and symbolic materials, such as signs or banners, will be allowed in  
the Council Chambers and Committee Rooms, with the following restrictions: §  
No objects will be larger than 2 feet by 3 feet.  
-No sticks, posts, poles or other such items will be attached to the signs or other  
symbolic materials.  
-The items cannot create a building maintenance problem or a fire or safety  
hazard.  
b) Persons with objects and symbolic materials such as signs must remain  
seated when displaying them and must not raise the items above shoulder level,  
obstruct the view or passage of other attendees, or  
otherwise disturb the business of the meeting.  
c) Objects that are deemed a threat to persons at the meeting or the facility  
infrastructure are not allowed. City staff is authorized to remove items and/or  
individuals from the Council Chambers and Committee Rooms if a threat exists  
or is perceived to exist. Prohibited items include, but are not limited to: firearms  
(including replicas and antiques), toy guns, explosive material, and ammunition;  
knives and other edged weapons; illegal drugs and drug paraphernalia; laser  
pointers, scissors, razors, scalpels, box cutting knives, and other cutting tools;  
letter openers, corkscrews, can openers with points, knitting needles, and  
hooks; hairspray, pepper spray, and aerosol containers; tools; glass containers;  
and large backpacks and suitcases that contain items unrelated to the meeting.  
3. Addressing the Council, Committee, Board or Commission:  
a) Persons wishing to speak on an agenda item or during open forum are  
requested to complete a speaker card and submit the card to the City Clerk or  
other administrative staff at the meeting.  
b) Meeting attendees are usually given two (2) minutes to speak on any  
discussion item and/or during open forum; the total amount of time allocated for  
public testimony for each public speaker or for an agenda item is in the  
discretion of the Chair of the meeting and may be limited when appropriate.  
(California Government Code Section 54954.3; Council Policy 0-37) Applicants  
and appellants in land use matters are usually given more time to speak.  
Speakers using a translator will be given twice the time allotted to ensure  
non-English speakers receive the same opportunity to directly address the  
Council, Committee, Board or Commission.  
c) Speakers should discuss only the agenda item when called to speak for that  
item, and only topics related to City business when called to speak during open  
forum on the agenda.  
d) Speakers’ comments should be addressed to the full body. Requests to  
engage the Mayor, Council Members, Board Members, Commissioners or Staff in  
conversation will not be honored. Abusive language is inappropriate.  
e) Speakers will not bring to the podium any items other than a prepared written  
statement, writing materials, or objects that have been inspected by security  
staff.  
f) If an individual wishes to submit written information, he or she may give it to  
the City Clerk or other administrative staff at the meeting.  
g) Speakers and any other members of the public will not approach the dais at  
any time without prior consent from the Chair of the meeting.  
Failure to comply with this Code of Conduct which will disturb, disrupt or impede  
the orderly conduct of the meeting may result in removal from the meeting and/or  
possible arrest.