San Jose Federated Retirement Board approves consent items, accepts city pre‑funding offer and several contracts; recommends Nakagawa to city council

San Jose — The San Jose Federated City Employees Retirement System board met in March and approved a set of routine and substantive items, accepted the city’s pre‑funding offer under a staff‑recommended discount‑rate methodology and forwarded a candidate for a vacant trustee seat to San Jose City Council.

The board took roll‑call votes on several items, including the rescission of an application for a service‑connected disability retirement, acceptance of the full consent calendar, approval of the city’s pre‑funding offer, authorization for the CEO to execute a new office lease and selection of legal counsel for disability/domestic relations work. The board also voted to forward the appointment of Nathan Nakagawa to city council to fill the unscheduled vacancy left by Trustee Jennings.

Why it matters: The votes affect plan administration (legal counsel and disability casework), the system’s relationship with its sponsor (the city’s decision to pre‑fund contributions), and operations (a lower‑cost lease). The pre‑funding choice and the board’s continuing asset allocation decisions influence the…