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San Jose retirement board approves $7.63 million administrative budget for 2026–27
Summary
The Office of Retirement Services board approved a $7,630,000 administrative budget for FY 2026–27, a 3.43% increase driven by two new permanent positions and succession‑planning changes; trustees asked about benchmarking, staffing and outreach during discussion.
The San Jose Office of Retirement Services board on Wednesday approved a proposed administrative budget of $7,630,000 for fiscal year 2026–27, a 3.43% year‑over‑year increase (about $253,000), citing staffing and operational needs.
CEO Flynn told trustees the budget request reflects adding two permanent positions and eliminating one, continuing over‑strength coverage for an administrative specialist, budgeting for cybersecurity and IT efforts (including an AI‑enabled website search), and modest medical services cost…
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