NOV 6, 2025 | Police & Fire Department Retirement Plan Board
Board of Administration, City of San Jose Police and Fire Department · November 8, 2025
Trustees received an investment fee report for calendar year 2024 and discussed a detailed actuarial valuation and demographic experience study. The board adopted updated demographic assumptions for the pension valuation, set wage-inflation assumptions at 3.125% for valuation purposes, and accepted several audit and administrative items. The board deferred a final decision on the OPEB discount rate to receive dollar impacts at the next meeting.
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