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Board accepts final OPEB valuation showing short-term funding uptick and long-term amortization plan
San Jose Retirement Board · January 23, 2026
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Summary
Actuaries presented final OPEB valuation results used to set city contributions for FY2027 and explained liability drivers including premium increases and a discount-rate change; trustees accepted the final valuation by roll call.
Actuarial consultants presented the final OPEB valuation and five-year contribution projections to the San Jose retirement board, and trustees voted to accept the final valuation.
Presenters said the valuation will set city contribution amounts for the fiscal year ending 2027. Actuaries reported that liabilities increased somewhat more than assets…
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