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San Jose Civic Gallery City Hall agenda intelligence

Matter CC 25-130

Retirement Plans Investments Annual Report.

Budget & Finance Public Safety, Finance and Strategic Support Committee (PSFSS) Agenda Ready Introduced 05 Sep 2025
2 Documents on file 881 KB · 2 extracted · 2 AI summaries
File
CC 25-130
Type
Reports to Committee
Status
Agenda Ready
Requester
Unknown
Introduced
05 Sep 2025
Last synced
12 Jun 2026 · 20:20

The papers

2 documents · 881 KB
01 439 KB

Memorandum

439 KB Extracted AI Summary
file 70eac206-5f75-4ac6-86d4-9fbafdf15026.pdf sha 788f44c3c381 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 memorandum discusses the Annual Pension and Healthcare Investment Performance Report for the Police and Fire Department Retirement Plan and the Federated City Employees’ Retirement System for the fiscal year 2024-2025. It includes recommendations to accept the report and provides detailed analysis of investment returns for both pension plans and healthcare trusts as of June 30, 2025.

Key points
  • The memorandum is addressed to the Public Safety, Finance and Strategic Support Committee.
  • The recommendation is to accept the Annual Pension and Healthcare Investment Performance Report.
  • The Federated System returned 9.6% net of fees for the fiscal year ended June 30, 2025.
  • The P&F Plan returned 10.0% net of fees for the fiscal year ended June 30, 2025.
  • Healthcare assets are held in 401(h) accounts and separate Internal Revenue Code Section 115 Trusts.
  • The Federated Healthcare Trust returned 11.0% net of fees for the fiscal year ended June 30, 2025.
  • The P&F Healthcare Trust returned 11.1% net of fees for the fiscal year ended June 30, 2025.
Limitations
  • The document does not provide specific dates for the meetings where asset allocations were adopted.
  • There are unresolved placeholders in the document, such as the item number and agenda details.

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

Extracted text preview · 5,941 chars
COMMITTEE AGENDA: ITEM: TO: PUBLIC SAFETY, FINANCE AND STRATEGIC SUPPORT COMMITTEE SUBJECT: Retirement Plans Investments Annual Report 10/16/25 (d)1 FROM: John Flynn Prabhu Palani DATE: October 16, 2025 RECOMMENDATION Accept the Annual Pension and Healthcare Investment Performance Report for the Police and Fire Department Retirement Plan and the Federated City Employees’ Retirement System for fiscal year 2024-2025. BACKGROUND As stated in the Investment Policy Statements for both the Police and Fire Department Retirement Plan (P&F Plan) and the Federated City Employees’ Retirement System (Federated System): "The Board of Administration recognizes that a stable, well-articulated investment policy is crucial to the long-term success of the System. As such, the Board members have developed this Investment Policy Statement with the following goals in mind: •To clearly and explicitly establish the objectives and constraints that govern the investment of the System's assets, •To establish a long-term target asset allocation with a high likelihood of meeting the System's objectives given the explicit constraints, and •To protect the financial health of the System through the...
02 443 KB

Presentation

443 KB Extracted AI Summary
file 0d18fa3d-af73-44c5-9e27-8f14c96c68a6.pdf sha 6f53fdc53d25 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 document presents information regarding the investment performance of the San Jose Federated City Employees’ Retirement System and the San Jose Police & Fire Department Retirement Plan as of October 16, 2025. It includes rankings of investment returns compared to peer groups, historical discount rates, and expected returns for various asset allocations. The document also contains a disclaimer about the accuracy and reliability of the information presented.

Key points
  • The San Jose Federated City Employees’ Retirement System ranked in the top quartile for year-to-date investment returns and third quartile for the past year.
  • For three and five-year periods ending June 30, 2025, the Retirement System's annualized returns ranked near median and top quartile, respectively.
  • The San Jose Police and Fire Department Retirement Plan ranked in the top half for year-to-date returns and near median for the past year.
  • The average annual return for both retirement plans over the past 10 years is 7.2%.
  • The document includes charts illustrating the decline in expected investment returns over the past 30 years.
  • A disclaimer notes that the report is prepared for the intended recipient and may not be updated after the report date.
Limitations
  • The document contains unresolved placeholders and lacks specific details in some sections.
  • The disclaimer indicates that the report may include AI-generated content, which may not have considered all risk factors.

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

Extracted text preview · 8,459 chars
San Jose Federated City Employees’ Retirement System San Jose Police & Fire Department Retirement Plan October 16, 2025 Public Safety, Finance, and Strategic Support Committee (PSFSS) Meeting MEKETA.COM 1 San Jose Federated City Employees’ Retirement System and San Jose Police & Fire Department Retirement Plan Public Safety, Finance, and Strategic Support Committee (PSFSS) Meeting Asset Allocation–The Most Important Determinant of Return MEKETA.COM 2 San Jose Federated City Employees’ Retirement System and San Jose Police & Fire Department Retirement Plan Public Safety, Finance, and Strategic Support Committee (PSFSS) Meeting → The San Jose Federated City Employees’ Retirement System investment return ranked in the top quartile of the peer group for the calendar year-to-date time period and third quartile of the peer group for the past year. For the longer-term periods of three and five years ending June 30, 2025, the Retirement System’s annualized returns ranked near median and top quartile of the peer group, respectively. The peer group included 110 public defined benefit pension plans with market values over $1 billion. MEKETA.COM 3 San Jose Federated City Employees’...