NOV 20, 2025 | Federated City Employees' Retirement Plan Board
San Jose Federated City Employees Retirement System Board · November 21, 2025
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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