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San Jose retirement board authorizes staff to sign multi‑year contracts with Chiron, Reed Smith and Aon

2878236 · April 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board authorized the CEO to negotiate and execute agreements with Chiron (actuarial), Reed Smith (fiduciary/general counsel) and Aon (governance consulting) following competitive RFPs and staff recommendations.

The San Jose Office of Retirement Services Board of Trustees authorized the CEO to negotiate and execute multi‑year agreements with three outside service providers after staff and ad‑hoc committees evaluated competitive proposals.

Actuarial services: The board approved staff’s recommendation to contract with Chiron for actuarial services. Staff described the recommended agreement as a six‑year term not to exceed $1,700,000, with a four‑year option to extend (ten years maximum). Staff told trustees that Chiron scored highest…

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