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Matter ROGC 26-080

Deferred Compensation Advisory Committee Appointments. (Human Resources)

Joint Meeting for the Rules and Open Government Committee and Committee of the Whole Agenda Ready Introduced 19 Feb 2026
1 Document on file 213 KB · 1 extracted · 1 AI summary
File
ROGC 26-080
Type
Rules Committee Reviews, Recommendations and Approvals
Status
Agenda Ready
Requester
Unknown
Introduced
19 Feb 2026
Last synced
12 Jun 2026 · 16:22

The papers

1 document · 213 KB
01 213 KB

Memorandum

213 KB Extracted AI Summary
file 23ab89bc-2dc1-40de-836a-0c64e193652d.pdf sha cb84b8642664 source unavailable

Official source link unavailable. The file was imported, but the current source metadata does not include a public document URL.

Generated summary AI-assisted

The source text indicates this attachment appears to be a draft document.

The memorandum outlines the recommendation for appointments to the Deferred Compensation Advisory Committee (DCAC) for a four-year term starting March 3, 2026. It proposes the reappointment of Aric Johnson and Jaime Fonseca, both current members, to continue serving on the committee. The DCAC oversees the investments of the City’s Deferred Compensation Plans, which include approximately 16,497 participants and hold around $1.7 billion in assets. The item is scheduled for action on the City Council Agenda for March 3, 2026.

Key points
  • Recommendation for reappointment of Aric Johnson and Jaime Fonseca to the DCAC.
  • Terms begin on March 3, 2026, and end on March 1, 2030.
  • DCAC oversees the City’s Deferred Compensation Plans with approximately 16,497 participants.
  • The DCAC has authority over investment policy and agreements related to the Plans.
  • No additional nominations were received from the employee groups for the DCAC positions.
Limitations
  • The document contains unresolved placeholders such as specific dates and names in the recommendation section.
  • The text indicates it is a draft.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

Extracted text preview · 6,800 chars
RULES COMMITTEE: ITEM: TO: RULES AND OPEN GOVERNMENT COMMITTEE SUBJECT: Deferred Compensation Advisory Committee Appointments Approved 2/25/26 B.2 FROM: Aram Kouyoumdjian DATE: February 2, 2026 Date: 2/12/26 COUNCIL DISTRICT: Citywide RECOMMENDATION (a) (b) Approve the following appointments to the Deferred Compensation Advisory Committee for a four-year term, beginning March 3, 2026, and ending on March 1, 2030: (1) Aric Johnson, nominated by the group of employees designated as “Management Employees”—consisting of employees in Unit 99 and members of the Association of Engineers and Architects, IFPTE Local 21 (AEA); Association of Maintenance Supervisory Personnel, IFPTE Local 21 (AMSP); City Association of Management Personnel, IFPTE Local 21 (CAMP); and the Association of Legal Professionals of San José (ALP); and (2) Jaime Fonseca as the representative nominated by the group of employees designated as American Federation of State, County, and Municipal Employees, AFSCME Local 101. Place the item on the March 3, 2026 City Council Agenda for action. SUMMARY AND OUTCOME Approval of this recommendation will allow the current members to remain on the Deferred Compensation...