NOV 20, 2025 | Federated City Employees' Retirement Plan Board

San Jose Federated City Employees Retirement System Board · November 21, 2025

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Opening and roll call

Presentation

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Chair Horowitz called the meeting to order, apologized for a late start due to weather, and led roll call; all trustees (Vice Chair Chandra, Trustees Abbot, Evasti/Evasti, Wagner, Linder, Nakagawa, and Chair Horowitz) were present. He confirmed no ‘sunshine’ issues and opened the agenda.

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The San Jose Federated City Employees Retirement System Board met on Nov. 20, 2025. Actuary Bill Hallmark presented preliminary pension and OPEB valuation results showing improvement in funded status; the board voted to raise the OPEB discount rate to 6.25% and approved related health-trend assumption updates. Trustees also conducted officer nominations, heard CIO/CEO updates and accepted audit and ACFR materials.

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Transcript

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