Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Audit finds military‑leave reconciliation gaps with $1.5M valuation impact; board accepts management letter
San Jose Retirement Board · January 23, 2026
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 audit management letter identified reconciliation exceptions for members returning from military leave that left payroll/system mismatches and an estimated $1.5 million impact on valuation; staff are working with San Jose HR and system vendors to remediate and the board accepted the letter.
The retirement board accepted a management letter from auditor MGO that identified an internal-control finding related to exception processing for members on military leave.
Audit staff said the issue arises when members on military leave are…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
