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CEO reports full staffing, new federated tier‑2 handbook and several contract negotiations underway
Summary
CEO John Flynn told trustees ORS is largely fully staffed, published the federated tier‑2 handbook, reminded trustees of a $75 fiduciary insurance waiver payment, and outlined multiple vendor contract negotiations and office expansion work.
SAN JOSE — At the May meeting the retirement system’s CEO, John Flynn, reported the Office of Retirement Services (ORS) is at full staffing for the first time in years, announced publication of the federated tier‑2 handbook, and outlined ongoing contracting and facilities work.
“I'm pleased to share with the board that ORS is fully staffed, with the exception of our senior auditor position, which we're looking to eliminate as part of the budget process anyway,” Flynn said, calling full staffing a significant milestone given the city’s roughly 10% vacancy rate.
Flynn thank…
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