Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Travel Policy topic
No spam. Unsubscribe anytime.
Retirement board streamlines travel policy, drops one high-cost conference
Summary
Trustees approved a revised joint travel policy shortening review cycles to three years, allowing comparable hotel choices when conference hotels sell out, removing the Wharton preapproved conference for budget reasons and adding the Pension Bridge event to the preapproved list.
The San Jose Retirement Board voted to adopt a revised travel policy that shortens the formal policy-review cycle from five years to three and makes several operational clarifications for trustee travel.
Governance staff said the revisions respond to trustee feedback that off-site hotels can reduce participation and networking opportunities; the policy now allows trustees to book comparable facilities when the conference hotel is sold out while keeping a preference for the conference facility. Trustees also removed the Wharton School of Business investment program from the preapproved list because of cost and added the annual Pension Bridge conference as a preapproved event.
Staff said exceptions to the preapproved list will continue to require full-board approval and budget consideration. The policy clarifies that the CEO will coordinate approvals with the chair for exception requests. Trustee Abbot moved adoption and Trustee Nakagawa seconded; a roll-call vote approved the policy with all present trustees voting aye.
